The Federal budget will provide industry support Fund of 10 billion rubles

 

In 2014, the industry support Fund will receive from the Federal budget of about 10 billion rubles. To date, the budget has already pledged $ 1 billion rubles for Vnesheconombank is now the task of the Ministry of industry and trade and the Ministry of Finance is to develop a mechanism to provide enterprises preferential loans and finding ways to increase the amount of resources in this direction.

Remember that the industry support Fund that will be created in the near future, will allow Russian companies to borrow at 5% per annum (maximum) versus 11.5% per annum, currently offered. In addition, the Ministry has offered to tax incentives for new companies to 2025, as well as to create the Council on industrial policy and prohibit the purchase of foreign equipment for municipal and state needs, if there is Russian counterparts, matching the client's requirements.

Also another means of support industries will conclude with investors special contracts for ten years, which will allow the investor to avoid the influence of regulations prescribed in the investment agreements and adversely affecting the business. 

 


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