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EUR 60.45

24 February, Friday

Ufa   °

Federal budget reimbursed interest on credits to UMPO

Business

The JSC “Ufa Engine Plant” (UMPO) received 231,2 million rubles from the federal budget as the reimbursement of a part of expenses of the interest on its credits, the news-service of JSC “UMPO” reports.

Thereby the state stimulates the enterprises of Russian Federation to raise the volumes of high-tech export since 2005.

The right to reimburse the interest on credits is given to the enterprises, exporting their industrial production with high level of processing during more than three years. Besides, these enterprises should correspond to the following requirements: they have to direct the credit means for expansion of their export, to execute their credit contracts in time and to make timely obligatory payments to the federal exchequer and to the state off-budget funds.

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