Small business simplified access to public procurement

Access to public procurement has become easier for small businesses. The central bank left to the banks to issue the identification of business in the issuance of bank guarantees. Thus, the regulator increases the chances of small and medium-sized enterprises to obtain guarantees from banks under a simplified procedure. The fact that the banks when opening accounts to companies shall be required to identify them - find out information about all owners of the company, the people who have the right to manage the accounts and assets of the enterprise, the management bodies, beneficiaries, the main contractors of the company, sources of receipt of money on her account , estimated average monthly volumes of revenues, number of transactions per month and the maximum amount of a single transaction. Now the lenders have the right to decide for themselves whether they want is for the issuance of bank guarantees business, 80% of which is given in the framework of state contracts, reports IA "SeverInform" referring to the "News". According to the logic of the Central Bank, this should lead to mitigation conditions and facilitate SMEs' access to state contracts. However, the banks themselves, according to experts, there are unlikely to use this opportunity.