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13 December, Wednesday

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Fund to support significant investment projects is established in Bashkortostan

Economy/Business

UFA, 27 August 2015. /Bashinform News Agency, Arthur Basyrov/.

A Pledge Fund is established in Bashkortostan. On 26 August, the Government of Bashkortostan Republic approved the relevant provision. The Fund will maintain significant and priority investment projects for the republic.

"The Pledge Fund aggregates the republican immovable property formed including from obligations of small and medium-sized enterprises to credit institutions and investors. This will allow businesses or entities to receive loans for the implementation or development of their business projects", it is said in the report of the Government of Bashkortostan.

The decision as to whom to provide a pledge will be received by the Government of the Republic. The reasons for the selection will be experts assessment made by the relevant ministries and departments. The estimated cost of the objects included in the Pledge Fund of Bashkortostan is 10.6 billion rubles. It is planned to increase the assets of the fund.

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