Trade-Industry Chamber RB and JSC “Regional Fund” signed an agreement of cooperation

An agreement of cooperation between Trade-Industry Chamber RB and JSC “Regional Fund” was signed on Friday, June 29, in Ufa. The document is signed by the president of Trade-industry Chamber RB Uri Pustovgarov and the general director of JSC “Regional Fund” Uri Smirnov.

The agreement is signed with the purpose of further consolidation of joint efforts on assistance to successful realization of investment and innovational projects of Bashkortostan, meeting the interests of social-economic development of the Republic and opening of new workplaces. Cooperation also presumes joint participation in realization of various projects, educational actions and mutual attraction of new partners.

As Uri Pustovgarov mentioned, financing of investment projects in such directions as agriculture, building, aviation and machine building is considered the main goal of JSC “Regional Fund”.

According to him more than 10 projects are financed now and other 50 are found at the stage of development. The volume of attracted means is estimated at 25 billion rubles and projects, estimated at more than 100 million rubles, may figure on assistance in financing.

“This agreement is of paramount importance for us” – Uri Pustovgarov stated – “The fund represents the mechanism, which will be busy with searching for investors and with promotion of quite promising projects. We never had such structure before”.

JSC “Regional Fund” was established in accordance with the corresponding decree of the President RB in 2007. The fund is included into the list of strategic enterprises in the region. The republic owns 100% of the fund’s shares. The fund can offer means on more attractive terms than other credit organizations, financing companies, working on the territory of Bashkiria.