South West | Finance, business

Rostov’s $14m Guarantee Fund to support SMEs

12 Mar '09
Authorities in Rostov region have announced plans to set up a $14m Guarantee Fund to support small and medium businesses in the region.

Under plans, $11.4m is to be assigned from the federal budget, with the remainder to be put up by the regional authorities.

The Fund is reportedly to provide state guarantees against bank loans, taken out by small and medium companies.
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Locations: Rostovskaya oblast

Tags: SME (244) /

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