Russian government to allocate US$500 m for industrial export support
Deputy Prime Minister Alexander Zhukov has announced that the Russian government will allocate
ZAO Raiffeisenbank Austria launched its small business lending programme on 5 April, the bank said in a press release.
Vneshtorgbank's total amount of operations, covered by export insurance agencies, has increased six times in the past three years and has reached Ђ500m, Natalia Loginova, department head on contacts with financial institutions, announced.
The government plans help small- and medium-sized companies by cutting expenses and aiding exporters to boost their share of gross domestic product which ranks between 10 and 12 per cent now, Economic Development and Trade Minister German Gref ann
A programme for Russia's social and economic development until 2008 has been already supplemented with a chapter on small business, the ministry for economic development (MERT) plans to formulate guidelines of a government small business policy.
The European Bank for Reconstruction and Development (EBRD) has issued the bank Uralsib US$40m (Ђ31m) for its lending program for small- and medium-sized enterprises (SMEs), the EBRD reported.
The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to be used under an EBRD programme for supporting small- and medium-sized enterprises (SMEs).
The European Bank for Reconstruction and Development (EBRD) has issued the bank Uralsib US$40m (Ђ31m) for its lending program for SMEs, the EBRD reported. With this EBRD credit, Uralsib has raised US$55m (Ђ43m) for this lending project.