Volga | Finance, business

Nizhny Novgorod announces $30m state guarantees

29 Jan '09
Authorities in Nizhny Novgorod region have announced plans to provide $30m state guarantees on bank loans, taken out by the regional real sector companies.

Under plans, industrial firms are to get $15m guarantees, agricultural companies are to receive $5.4m, retailers are to benefit from $1.3m guarantees, developers can secure their loans against $7.5m and transportation firms are to be given $800,000.
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