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20 February, Monday

Ufa   °

Ufa authorities did not manage to borrow 500 million rubles to cover the budget deficit

Business

UFA, 23 December 2014. /Bashinform News Agency, Elvira Latypova/.

Public tenders for opening four non-revolving credit lines of 125 million rubles each to Ufa administration are declared invalid; it follows from the Commission protocol on the website of state procurement. No bids were received at the tender.

Recall, that the city administration planned to raise funds to cover the deficit of the city budget — at a rate of no more than 14.5 percent per annum inclusive all fees. The starting price of each of the four alleged contracts was 90.6 million rubles.

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