Bashkiria will receive increased subsidies as small and medium-sized businesses state support

Olesya Seregina

UFA, 1 July 2016. /Bashinform News Agency, Olesya Seregina/. The Russian Government has increased subsidies to Bashkortostan and another 11 regions with the highest coefficients of activities effectiveness aimed at promoting employment in the single-industry municipalities. The corresponding decree was posted on the website of the Cabinet.

It is noted that subsidies will be allocated under the subprogram "Small and Medium-Sized Businesses Development" of the state program "Economic Development and Innovative Economy".

"The distribution of subsidies is adjusted according to the results of the competitive selection of subjects of the Federation held in April 2016. The tender committee selected 28 applications of 12 subjects (the Republic of Bashkortostan and Khakassia, Udmurt Republic, Amur, Kirov, Leningrad, Murmansk, Omsk, Samara, Saratov, Sverdlovsk and Tomsk regions), with the largest value of the coefficient of activities efficiency aimed at employment promoting in single-industry municipalities", it is said in a reference to the document.

It is reported that the subsidies to the selected regions were increased, while their total volume was not changed.

Bashkortostan will receive for these purposes 367, 4 million rubles.

#subsidies #business

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