According to the agency, in mid-September, the Ministry of Industry and Trade of the Russian Federationis going to announce a new acceptance for applications for the competitive selection of investment projects in priority areas of the industry. “Based on the results of the last selections the Ministry of Industry has received 402 applications. As of September 1, 2016 the list of complex investment projects consists of 99 projects. The largest number of contracts was concluded with representatives of the chemical industry (31), of the metallurgical industry (15), of the timber industry (13) and of the transport engineering (8).”– said the ministry officials. Earlier, the government has amended the rules for granting subsidies to compensate for part of the credit costs. “The amendments will help to improve the toolof support of industrial enterprises. Effective support of complex investment projects and their successful implementation will positivelyaffect the industrial sector and the country’s economy in general, and will create conditions for the emergence of new high-performance workplaces.”–concluded VasilyOsmakov,Deputy Head of the Ministry of Industry and Trade.
Source: Uncommercial joint ownership "Trans-regional Association of precious metals producers"