Entrepreneurs Support Program in Action

09 December 2019, 12:29
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The regional state administration, together with the oblast council, provides financial support to entrepreneurs of the region in the form of partial compensation of interest on loans involved in the implementation of investment projects.

The program has been successfully implemented in the region since 2017.

This year, two competitive selections were held and the commission considered 20 applications.

One of the companies that won the competition and receives compensation is the winery Vintrest from the Ovidiopol district.

The complex is located between Hadzhibeevsky and Dnistrovsky estuaries in the center of the vineyard zone founded by the German colonists. The company has its own vineyards with an area of more than 650 hectares. It produces soft and sparkling wines of its own Grande Vallee trademark, provides services of bottling of quiet wines to order of the trademarks Inkerman, Aznauri, Koblevo and others.

In order to increase production volumes, the company purchased, at the expense of credit funds, modern wine bottling equipment. The introduction of new equipment will improve the quality of grape processing and the formation of better taste of wines. Increasing production will help create about 20 new jobs and raise wages at the enterprise.

Currently, the Odesa Regional State Administration supports the implementation of 26 investment projects with a total loan portfolio of more than UAH 65.0 million. Program members provide jobs to more than 1,400 residents of the region and have created an additional 140 new jobs since the beginning of participation.

Every manufacturing entrepreneur who provides transport or tourism services, works in the field of energy efficiency, can get support for the implementation of their projects.

The amount of partial compensation of interest on national currency loans is - 10% per annum, in foreign currencies - 5% per annum.

Applications for participation in the competition will be accepted until December 17 at the following address: 4, Shevchenko Ave., Odesa. 554.

The detailed conditions for participation can be found at the link on the site www.ooda.biz.ua