500 mln rbls allocated for nine LPR projects

The Lugansk People’s Republic Industry Development Fund (FPR) has  allocated more than 550 million rubles for the projects presented by nine LRR companies, said FPR LPR director Violetta Vorobyova.

 “We’ve funded nine projects; the FRP Expert Council has approved another four enterprises .Our capitalization will amount to three billion rubles within the next three years,” Vorobyova said.

The industry development funds in the new regions will be worth 12 billion rubles in 2023-2025 which will help create more than 2,000 new jobs,” the LPR Industry and Trade Ministry said.. *** In March 2023, the LPR government approved the establishment of the regional Industry Development Fund. It is expected to provide support to some 20 LPR companies at the initial stage.*i

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