Subsidies to the organizations of forestry in 2014-2016

Subsidies to the organizations of forestry in 2014-2016

Dmitry Medvedev signed a decree in which the government of the Russian Federation approved the rules of granting subsidies for implementation of investment projects with the use of industrial technologies for forestry organizations.

The 2014-2016 Federal budget provides subsidies for implementation of complex investment projects on modernization and establishment of new industries.
The approved Rules determine the procedure for granting of subsidies, mechanism of action (conditions for the granting, sequence, terms) of the interested organizations of textile industry and Ministry of industry and trade in the process of submitting applications for grants, contracts and subsequent grants.

According to Ministry estimates, subsidised interest payments will allow to increase production volumes by 2016, 500 million roubles and thus reduce the import share.

Translated by «Yandex.Translator»

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