In 2021 the authorities of Kuban expect growth of investment volume by 5%

In 2021 it is planned to attract not less than 480 billion rubles in investments in Krasnodar region, which is 5% higher than in the current year. As reported by Veniamin Kondratyev, Chief of the region.

The Governor specified that the investment volume in 2020 is expected to be at the level of the past year and makes 450 billion rubles.

«We are willing to expand the list of industries where investors could obtain tax exemption on profit tax. This would enable to support agriculture, health resort industry, processing productions and healthcare industry. Consequently, next year: we plan to attract not less than 480 billion rubles and in a year-period – more than 510 billion rubles, as stated by Kondratyev quoted by TASS.

The Chief of the region also reminded that the plan for restoration of economy growth was adopted in August; a separate block in the document is devoted specifically to the launch of a new investment cycle.

«For the first time for the projects worth 1 billion rubles the region grants subsidies to cover the loan interest at a key rate. Business communities could rely on this support during three years from the date of execution of the contract, as he stated.  

The reimbursement of costs for establishment of infrastructure while implementing the investment projects is an additional type of support as commented Veniamin Kondratyev. 2.6 billion rubles will be allocated from the regional budget in 2021 for these purposes.