In Vinnitsa region held a public discussion on ways to reduce the cost of credit resources for investment projects (photo)

March 3 in the framework of the implementation of the Regional program of development of small and medium enterprises in 2017, and training regulatory act held a public discussion of the draft Programme partial compensation from the regional budget of interest rates under credits involved with subjects of small and medium enterprises for implementation of investment projects. The meeting was chaired by the Director of the Department of international cooperation and regional development of regional state administration Volodymyr Merezhko and with the participation of heads of public organizations, enterprises and banking sector. Problem to be solved by government regulation is the establishment of an open, transparent mechanism and criteria for compensation from the regional budget of interest rates on loans taken by business entities for realization of investment projects and the adoption of this regulatory act will provide cheaper credit will encourage businesses to create additional jobs, the implementation of priority areas of socio-economic development, the increase in the budget allocations. First Deputy Director of the Department Hope Nasikovsky presented the draft Programme and told about the main principles of competition: "financial support is the regional budget, the recipients – small and medium-sized enterprises, which operate on the territory of the region, provide co-financing at the expense of own means not less than 10% of the project cost, create new jobs, expand capacity, introduce energy-saving technologies and produce products of export direction. About the order of carrying out of competitive selection, the priority is the establishment of the Competition Commission, approved by the Order of the Chairman of regional state administration, and the announcement of the beginning of the competition in the media. Project evaluation may also involve the expert group." Mandatory condition after the provision of financial support is to monitor the performance of the agreement, as well as information from businesses on the status of implementation and effectiveness of the investment project for the year. "In the area there are many businesses that have the desire to participate in the Tender and, provided that this number will continue to grow, we are ready to consider the issue of increasing the expenses of the regional budget for the implementation of the program of development of small and medium enterprises. The Vinnytsia oblast is the only in Ukraine, which is implementing a similar regulatory act," - said Volodymyr Merezhko. During the discussion, it was proposed to amend the provision of compensation in the amount of 100 percent of the rate of the National Bank of Ukraine, effective as of January 1 of the current fiscal year, but not more than 100,0 thousand hryvnias to one business Entity within one year. The proposal was unanimously approved and proposed for approval. This was reported in the Vinnytsia regional state administration

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Source: http://uzinform.com.ua/

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