Funds to the amount of 400.000 KM as incentives for industrial production
On January 8th, 2009 Ministry of economy of Bosnia-Podrinje Canton Gorazde organized a contract signing ceremony with enterprises from the area of BPC Gorazde concerning incentives for industrial production. The ceremony of contract signing was also attended by Prime Minister of BPC Gorazde, Nazif Uruci.
According to Minister, Mustafa Kurtovic this is a set of measures for reduction of consequences of the global economic crisis, agreed by the Economic and Social Council, the Government of the Federation and the Labor Union. Total value of incentives is 400.000,00 KM and there are 28 enterprises which will be included in this program. They will be awarded grants to the amounts between 5.000,00 and 35.000,00 KM.
These grants are primarily intended for subvention of interest rates for bank loans, keeping present employees and partial expansion of the existing capacities.
According to the Agreement, the beneficiaries have committed themselves to use the awarded funds in accordance with their investment projects.