Bashkiria export-oriented enterprises will receive 68 million rubles from budget

68 million rubles have been allocated from the budget of Bashkortostan to support export-oriented enterprises, the Ministry of Finance of the Republic reported.

The funds will be sent to entrepreneurs to reimburse the costs of transporting goods for export, including costs incurred in the event of penalties for non-fulfillment of export contracts.

“State support creates favorable conditions for the development of exports in the republic, and also provides entrepreneurs with access to international markets for their products and services. Last year, a transportation subsidy was issued to 32 republican companies. The total volume of supported exports amounted to 2.8 billion rubles,” Prime Minister Andrey Nazarov commented.

The support will also include assistance in participation in international exhibitions and competitions, the provision of consulting services to entrepreneurs, and the Express Export Aid project implementation. It is aimed at identifying and forming export-oriented companies of the republic and assisting them in entering foreign markets.

Bashkortostan annually allocates funds for state support of export-oriented companies. In 2018-2021, the total amount of state support, including federal funds, in this area amounted to 676 million rubles. This year, taking into account the allocated funds, about 168 million rubles will be allocated for these purposes.

Author: Azat Gizzatullin