CHERKESSK, April 8 – RIA Novosti. For the modernization of enterprises and the development of industry, Karachay-Cherkessia will receive more than 70 million rubles from the federal budget, for the same purposes the republican budget will allocate 13 million rubles, the website of the head and government of the KChR reports.
Federal funds will be used to capitalize on the regional fund for the development of industry and provide direct state support to enterprises purchasing new production equipment. “Today there are 680 industrial enterprises in our republic, seven of which are large businesses. Large investment projects are being implemented in the extraction of minerals, the production of building materials, yarn I am sure that these and many other measures of comprehensive support for the industry at the regional and federal levels will improve the socio-economic situation in the region, “the head of the KCR quotes his press service.