Tiraspol, 5 July. /Novosti Pridnestrovya/. An effective mechanism for crediting domestic enterprises was discussed at a meeting with the prime minister. Alexander Martynov noted that this sphere is the most important since without effective credit instruments the real sector of the economy will not be able to develop.
Minister of Economic Development Sergey Obolonik spoke about the current stage of its implementation. According to him, serious work was carried out with the Union of Entrepreneurs, Agrarians and Industrialists of Pridnestrovie regarding the definition of industrialists who announced their need for money. In addition, agreements were reached with the Central Bank on the mechanism of financing.
"It's about financing the whole project. This approach, firstly, allows to optimize the percentage load, creates the possibility of a return of funds and, most importantly, allows to carry out this financing within the framework of those decisions made in the form of an amendment to the budget law, providing for the allocation of 7 million rubles," explained Obolonik.
In other words, the indicated amount is reserved to support Pridnestrovian producers in the main financial document for this year. It is supposed that the state will subsidize part of the interest rate, with the rest of its share and the loan itself being taken over by enterprises.
The only aspect the Ministry of Economic Development and the PRB disagrees about was how much the budget subsidy should be depending on the fixed interest on the loan. The prime minister believes that it is necessary to heed the PRB's position in this regard.
The Union's vice president called the enterprises that need financial assistance. Among them are Vestra CJSC, Interfarm Lux Ltd., Floare, Tigina, Moldavkabel, NP ZAO Electromash, and a number of agro-industrial companies. The optimal rate on the loan is 5-6% with a payback period of 5-7 years, Yuri Cheban said.
Yury Ganin, president of the Chamber of Commerce and Industry, agreed with those figures. "Five to six per cent is what enterprises would accept, and then this project will start working," he added.
Alexander Martynov stated the need for a scrupulous analysis of the financial statements and business plans of the entities applying for credits. In addition, the government will set criteria that should reflect the prospects of the allocated finances, including an increase in production volumes, tax deductions and new jobs.
The regulatory and legal framework for launching concessional lending has already been worked out, Sergei Obolonik said. There remain a few aspects to specify. Alexander Martynov gave a week to finalize the corresponding government resolution.
The topic of mortgage lending for citizens was also discussed. The prime minister set a number of tasks and voiced the proposals requiring special attention, the government press service reports.
