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Business will receive additional support in Buryatia

Business will receive additional support in Buryatia
Photo: egov-buryatia.ru

In Buryatia, they adopted a “third” package of measures aimed at supporting representatives of small and medium in times of crisis. They relate to hotel business, trade and other industries.

The decisions were voiced by the head of the region Alexei Tsydenov during the meeting on the sustainable development of the economy of the republic. Among them is an extension of the transition period for land lease agreements for owners of non-stationary retail outlets to renew the agreement.

In addition, hotels and other collective accommodation facilities will be reimbursed for utility bills. Subjects of the Ministry of Railways will receive a deferral of payment for acquired municipal property for a period of three months, provided that it is paid in equal installments in 2021.

Earlier in Buryatia, a number of measures have been taken to support small and medium-sized businesses. From the local budget, tourist operators will be reimbursed 80% of the cost of renting premises, but not more than 400 rubles per square meter, tenants of municipal and state property will be completely exempt from rental payments. For real estate, the tax rate will be reduced to 0%. The treasury will begin to pay subsidies to private kindergartens.  

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