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State assistance to be made available to 90,000 foreign companies in Russia

  • 5 Dec 14:29

Small and medium businesses will be able to benefit from support from the Russian government as part of a new initiative aimed at boosting investment and developing networks in the country. According to experts, the main beneficiaries of the aid will be companies in the agricultural sector. Source: Denis Abramov/TASS In the near future small and medium enterprises in which foreigners own more than 49 percent of the shares will be able to apply for Russian state aid, according to the Kommersant business daily, whichreportsthat the initiative is part of a bill created by the Russian Ministry of Economic Development. In the opinion of the document's. Read more...