25 Sverdlovsk Region-based industrial enterprises to get state subsidies

3 March 2015 (09:12)

March 3, 2015. 25 industrial enterprises operating in Sverdlovsk Region could get state subsidies within the framework of the Russian Government’s Anti-Recession Plan very soon, Governor of Sverdlovsk Region’s Information Policy Department states.

Companies might get a reimbursement on the amount of interest they pay on loans that were taken out to finance their working capital as well as receive funding that will help them create new jobs and thus ease the labor market tension.

‘These support measures are part of the Russian Government’s Anti-Recession plan. 20bn RUR (the money directed to the military and industrial complex excluded) will be allocated from the national budget. It’s essential that businesses which need more working capital become aware of this option,’ says Sverdlovsk Region Government’s new Vice Premier Alexei Orlov.


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