Competition for grants is closing to its final

Competition for grants is closing to its finalFrom April 11 to June 6, 2018 the Russian Ministry of Industry and Trade carries out a competitive selection for grants from the Federal budget to Russian companies to compensate part of their expenses for the interest rates for the loans received in the Russian banking institutions in 2013-2016.

The competition is also for subsidies for implementation of investment projects in the children goods industry, for partial compensation of leasing payments under the contracts of financial leasing within the framework of implementation of investment projects of the industry of goods for children

Russian companies registered in the Russian Federation are admitted to take part in the competitive selection if they comply with the following criteria:

  • (a) Own industrial base and experience in production of children goods for not less than 3 years;
  • (b) The total revenue from sales of children goods of own production is not less than 100 million rubles over the past 3 years;
  • (c) The total investment into the project is not less than 75 million rubles.

The term of the competitive selection is from April 11 through June 6, 2018.

The address to submit the envelopes with documents and attached applications for participation in the competitive selection from April 11 to May 15, 2018, is 7, Kitaigorodsky Proezd, Moscow, 109074, Monday to Thursday from 10:00 to 17:30 Moscow time.

The starting date to submit applications with attached documents for participation in the competitive selection is April 11, 2018.

The closing date to submit applications with attached documents for participation in the competitive selection is May 15, 2018, at 17:00 Moscow time.

The date and time of opening the envelopes with applications with attached documents for participation in the competitive selection is May 15, 2018, at 17:30 Moscow time.

The session of the Competition Commission on the execution of the selective competition on the right to receive subsidies from the Federal Budget by the Russian companies to determine winners of the competitive selection will be held on June 6, 2018.

The envelope with the application with the attached documents should be submitted directly to the Mail Room of the Russian Ministry of Industry and Trade at 7, Kitaigorodsky Proezd, Moscow, 109074.