Volga | Finance, business

Mari El gives banks $2.4m to keep mortgage affordable

15 Oct '08
Mari El authorities have decided to earmark $2.4m in 2009 to reimburse local banks for part of their mortgage interest rates, sources in the regional administration reported today.

This measure aims at keeping mortgage interest rates for local residents within an affordable12%, the government said.

By the yearend Mari El’s 2008 total allotment for this purpose is to hit $400,000.

The region will also continue partially reimbursing banks for their interest rates on loans taken by local businesses to boost production.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content
Latest News: Volga
9 Jul '20 | Farming, agriculture
30 Jun '20 | Technology & innovation
18 Jun '20 | Technology & innovation
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22089)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

14 Jul '20
A Russian VC fund called TMT Investments supported 3S...
13 Jul '20
The Russian Government last week announced a new...
10 Jul '20
In 2Q 2020, the Russians spent 15% more time in...

Most read stories from last week

13 Jul '20
The Russian Government last week announced a new...
14 Jul '20
A Russian VC fund called TMT Investments supported 3S...