MEETING OF THE INVESTMENT COMPETITION COMMISSION WAS HELD AT THE MINISTRY OF ECONOMY OF MORDOVIA
A regular meeting of the Investment Competition Commission was held at the Ministry of Economy, Trade, and Entrepreneurship of the Republic of Mordovia. The agenda included a review of investment projects seeking to conclude additional agreements within the framework of existing arrangements for activities on the Priority Development Area established in the single-industry municipality (monotown) of Ruzaevka.
In particular, the following companies' investment projects were discussed:
- SK Razvitie with a project to establish a plant for the production of colorless and decorated glass containers for the food industry and the organization of modern, competitive production;
- RSK Glass Decor with a project to build a plant for the production of colorless glass containers for the food industry;
- ZITES with a project to construct a plant for the production of block-modular boiler installations;
- CPI NOVA with a project for the production of products and equipment using machining, casting, and stamping technologies;
- Neftekhimmash with a project to organize assembly and mechanical processing of metal products on the Ruzaevka Priority Development Area.
Additionally, there was a discussion on the recommendation to sign an agreement with Hotel LLC to receive a subsidy from the republican budget to compensate for part of the costs of interest payments on loans obtained from Russian credit institutions for the implementation of infrastructure construction investment projects.