South West | Finance, business

Stavropol’s $11m SME support budgeted

8 Dec '08
Stavropol Region has appropriated $11m for SME support in 2009, regional officials announced today.

Specifically, $1.8m is to be assigned under a regional SME Support Program adopted earlier, and another $1.1m is earmarked by the regional Innovative SME Guarantee Fund, officials reported.

$8.1m is reportedly to be spent on partial reimbursement of interests on bank loans for investment projects.
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Locations: Stavropol krai

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