Saturday, July 21, 2018

Yekaterinburg to build monument to businessmen

The first ever monument constructed in honor of entrepreneurs and businesspeople is set to be built in Yekaterinburg.

The monument will be a bronze sculpture of a man's height and will be completed in 2013, according to Anatoly Filippenkov, the president of the Union of Small and Medium Size Enterprises of the Sverdlovsk Region. The announcement was made at the Future of Yekaterinburg business forum, reports.

"This monument will be the first of its kind in Russia. There is a monument to shuttle traders, but no monument to entrepreneurs," Filippenkov said, according to

The monument will cost an estimated $160,000 and will be built in close proximity to the Ural State Economic University. The honorary monument will be financed through area businessmen. The finished product is scheduled to be unveiled on May 26, 2013.

Business culture in Russia was virtually non-existent before the break-up of the Soviet Union. Russia made the transition to a market-based economy after 1991 under the leadership of President Boris Yeltsin.