The volume of financing raised by small and medium-sized businesses in the Far East under guarantees of regional guarantee organizations (RGOs) amounted to 10 billion rubles in the first six months of this year, Alexander Isaevich, CEO of SME Corporation, said at the Eastern Economic Forum.

"Thanks to the national guarantee system, small and medium-sized businesses in the Far East have attracted 10 billion rubles under guarantees from RGOs," he said.

In addition, about four billion rubles were issued by SME Bank against guarantees from the RGO and guarantees from the SME Corporation.

A total of about 600 sureties were issued in the Far East in the first half of the year, which is 35% higher than last year's figures for the same period.

According to Isayevich, through the provision of guarantee support small and medium-sized businesses were able not only to save jobs and their operations, but also to increase production volumes.

The Eastern Economic Forum takes place in Vladivostok on September 2-4. The main theme of this year's event is "New Opportunities for the Far East in a Changing World". The forum is organised by the Roscongress Foundation.

Made in Russia // Made in Russia

Author: Ksenia Gustova