Project on the increase of capital development Fund DFO will contribute to the state Duma in October

Project on the increase of capital development Fund DFO will contribute to the state Duma in October


Relevant information was spread by the head Minvostokrazvitiya Alexander Galushka. The Fund of development of the Far East and the Baikal region is earmarked for investment projects on a returnable basis.

VLADIVOSTOK, 12 Oct. Nadezhda Egorova. A bill to recapitalize the Fund development of the Far East will be submitted to the state Duma until early November, told reporters the head of Minvostokrazvitiya Alexander Galushka.

“By the end of this month, the Ministry of Finance must introduce a bill on the recapitalisation of the development Fund of the Far East,” Galushka said.

The development Fund of the Far East and the Baikal region, founded by Vnesheconombank, was established in November 2011, its capital is 15.5 billion rubles. The Fund is earmarked for investment projects on a returnable basis.