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Credit holidays will suit entrepreneurs in Primorye
In Primorsky Krai, authorities are expanding measures to support the business lines that have suffered the most from the situation with coronavirus. This time a credit vacation system has been developed.
According to the press service of the regional government, the number of payments for servicing credit debt will be minimized. This benefit will cover a loan portfolio of half a trillion rubles. Business will be exempted from payments on principal debt of 100 billion rubles and up to 25 billion rubles in interest.
Credit and microfinance organizations will receive recommendations to restructure existing liabilities and loans so that entrepreneurs can serve them in times of crisis. Earlier in the region and introduced number of tax benefits for small and medium-sized businesses, including exemption from taxes on land and property.