Igor Shuvalov Takes Part in Plenary Session of Small Business – National Project! Forum
In his speech, Igor Shuvalov told the forum participants about the involvement of Vnesheconombank and other development institutions in implementing the development agenda outlined in the May presidential decree.
Vnesheconombank’s Chairman said: «We are currently creating a uniform platform to demonstrate common tools of development institutions. We are concentrating our efforts on ensuring that all measures of administrative and financial support will be consolidated by March. This will be an
An important objective at this stage is to develop a modern urban economy. «A comfortable urban environment is dependent primarily on micro and small businesses. The government and a municipality can invest in the infrastructure needed by a town. But the comfortable urban environment proper depends on small businesses. In cooperation with Russian Small and Medium Business Corporation, SME Bank and other participants (Sberbank, VTB) we are currently considering what we can give to those involved in Russia’s urban infrastructure modernisation programme. This is what will help Russian towns to grow faster, ensure new quality of life through the growth of a local economy. This is high on our list of priorities," Igor Shuvalov emphasised.
Vnesheconombank Successful in Completing Project to Finance Modern Pig Farming Facility in Bashkortostan
Vnesheconombank has been successful in completing the project to finance the construction of a pig farming facility with a total annual capacity of 42,000 tonnes of
«With Vnesheconombank’s support, the company built a modern animal production facility. The project contributes to the sustained development of agricultural production, import substitution for meat products and the country’s enhanced food security. Vnesheconombank accomplished its objective as a development institution, ensuring the completion of a project in a strategic industry on the principles of return on investment and
The Bank became involved in the project in 2012, when Vnesheconombank and Bashkir Meat Company entered into a loan agreement for 5 billion roubles. Bashkir Meat Company ranked among Russia’s 20 largest pork producers in 2017 (source: http://www.nssrf.ru).
In the second quarter of 2018, the company sold 25,200 tonnes of pork, with its net profit reaching 400.5 million roubles. With Sberbank’s support, the borrower is currently carrying out a project to create a genetic selection centre worth 3.7 billion roubles.