Krasnodar, 8 January – Yug Times. In 2018, the regional Fund for Industrial Development reportedly approved 20 applications for privileged loans to the total amount of 455 million roubles, of which 320 million roubles had already been dispensed to the applicants.
“Products of the regional Fund are in great demand among Kuban manufacturers, because the Fund for Industrial Development can grant industrial companies privileged loans at the rates that no commercial bank can,” Head of the regional Department for Industrial Policy Ivan Kulikov stated.
For instance, it will be owing to the Fund’s loan that Istok Polyester, a producer of composite basins for swimming pools, will resume production after the October flood. The company will get a privileged loan for the total of 5 million roubles according to the new support program, Emergency Situation, at 1% per annum for two years.
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