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MIL OSI Translation. Region: Russian Federation –

Deputy Prime Minister Dmitry Chernyshenko announced this at a meeting between Russian President Vladimir Putin and moderators and speakers of key sessions of the Eastern Economic Forum.

The Vice Prime Minister recalled the instruments of the Tourism and Hospitality Industry national project, urging the regions to actively participate in it, as well as work with investors on the ground, including informing them about existing government support measures and opportunities.

Dmitry Chernyshenko stressed that today the state has a set of tools to support investors in the tourism sector: soft loans, mechanisms of public-private partnership, with which the corporation “Tourism.RF” works. Grant support is provided for small and medium-sized businesses. “When working with investors, we must not forget about social and budget efficiency. Each ruble of state support for attracting extra-budgetary investments should at the same time provide the maximum growth in the indicators of the social sphere, ”he said.

“Since 2021, within the framework of a new national project, an additional sectoral mechanism has been introduced to provide concessional loans for investors implementing tourism projects from 120 rooms. This year it will be tested on large projects. Based on the results, we will evaluate the possibility of replicating this tool in the construction of small tourist facilities. In general, next year we have 2.5 times more funds allocated for subsidizing the interest rate within the framework of the national project, ”said Dmitry Chernyshenko.

The Deputy Prime Minister recalled that loans under this program are set at 100 million to 70 billion rubles.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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