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Business support measures taken in the Irkutsk region

Business support measures taken in the Irkutsk region
Photo: pixabay.com

The authorities of the Irkutsk region adopted a number of support measures for representatives of small and medium-sized businesses. Credit vacations will be introduced in the region, rental payments will be canceled and loans will be simplified.

The support measures taken have already been recommended to be extended to all municipalities in the region. So, the authorities offer businesses a deferment of rental payments in case of using regional property. Entrepreneurs can not pay rent for six months.

The authorities also reached an agreement with banks on the provision of credit vacations for businesses. Penalties and fines for late payments will not be charged so far. In addition, the region decided to simplify the requirements for borrowers for faster lending. If the entrepreneur plans to direct borrowed funds to pay wages, the rate on such a loan will be 0%.

The government of Russia this week should present Entrepreneurship Support Crisis Plan. True, experts fear that there will be no real and effective measures in it. 
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