The law on state support in action

The Supreme Council on September 26 of this year adopted amendments to the law “On additional measures aimed at stabilizing the economy of the PMR”. At the heart of the legislative act is the desire to substitute the state shoulder to the main taxpayers - industrial enterprises. The state took upon itself a partial subsidization of the interest rate (7%) on bank loans on account of offsetting income tax on credit institutions. “Long” (up to five years) and relatively cheap loans will allow our enterprises to develop through the modernization of production. This will be followed by new jobs, an increase in output and tax deductions.

Now, it seems, the ice has broken: The State Reserve Fund agreed on the allocation of funds to two enterprises - the Bendery garment factory Vestra and the Dubossary plant Buket Moldavia, according to the News Agency of Pridnestrovie. They were the first to take advantage of the program of concessional lending, in which the state compensates for payment of loans at 7 percentage points.

The implementation of the program of preferential crediting began in October of this year, immediately after the creation of a corresponding legislative base by the parliament. It is designed to support the real economy, in particular, industrial production and agricultural enterprises.

 "Bouquet of Moldova" will receive 233 thousand euros, "Vastra" - 300 thousand euros. In the first case, the money will be spent on re-equipment of production, launching a new product line, purchasing agricultural equipment and spare parts for an outdated fleet, in the second - on upgrading equipment. New equipment will allow in a short time to produce better products, and in large volumes.