Russian expert says North Korea has effective means of delivering nuclear weaponsWorld December 07, 17:23
Russian rapper must shell out $781 to fellow performer for 'mop-haired creep' tweetSociety & Culture December 07, 16:49
Senator says Aleppo may be fully liberated by end of 2016World December 07, 16:36
Donald Trump named Time magazine’s Person of the YearWorld December 07, 16:05
Irish court unlocks 100 mln euros on Khodorkovsky’s accountsBusiness & Economy December 07, 15:53
Syrian troops recapture ten quarters of Aleppo — Russian Defense MinistryWorld December 07, 15:45
Pakistani plane with over 40 people on board crashes in northern PakistanWorld December 07, 15:15
Putin calls to improve mechanisms of combating cyberattacks against banksBusiness & Economy December 07, 15:06
Deal on Russia’s Tartus naval base in Syria 'at final stage' — senatorMilitary & Defense December 07, 15:00
MOSCOW, April 28. /TASS/. A total of 23 bln rubles ($354.5 mln) worth of budget funds will be allocated for car makers in a move to reduce production costs, Russian Prime Minister Dmitry Medvedev said Thursday.
"The car production costs will be partially compensated for," he said, adding that "around 23 bln rubles worth of budget funds will enable manufacturers to reduce accumulated losses and operating costs."
According to Medvedev, the move will eventually redound to the costs of production. "The growth shouldn’t be as significant and it will raise the capacity utilization and keep employment both in the car sector and related industries," PM added.
"For the purpose of mitigating negative effects for the economy that local car manufacturers are facing now, the signed decree addressed to the Russian Industry and Trade Ministry stipulates allocation of budget provisions worth 22.5 bln rubles to be granted as subsidies in 2016 from the federal budget to Russian companies for compensating part of expenditures on production of wheeled transport vehicles," according to the document published on the government’s official website.
Dmitry Medvedev signed the government decree extending the soft car loan and leasing program for 2016.
"The first decree extends for 2016 the easy-term motor vehicle loan and leasing program in effect last year," Medvedev said on Thursday.
The automotive industry needs greater attention of the government, the Prime Minister said. Over 16 bln rubles ($246.6 mln) will be allocated for the soft car loan and leasing program, making possible to keep loan and leasing rates at an acceptable level and maintain the demand for motor vehicles, Medvedev added.