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Implementation of the LLC "VirmontFood" Investment Project in the territory of Smolensk Region
 

03.02.2014 Implementation of the LLC "VirmontFood" Investment Project in the territory of Smolensk Region

On February 3, 2014, at the head office of JSC "Rosselkhozbank," talks were held by M.Yu. Pitkevich, the First Deputy of Governor of Smolensk Region, and R.L. Rovbel, the Deputy Chief of the Department on Economic Development of Smolensk Region, with B.P. Listov, the First Deputy Chairman of the Board of JSC " Rosselkhozbank," on the opening of a credit line for implementation of the LLC "VirmontFood" Investment Project, "Opening of a poultry complex for broiler breeding in Smolensk Region."

During the talks, M.Yu. Pitkevich expressed the views of Smolensk Region Administration, that Smolensk Region authorities will provide comprehensive support for the Project, including assistance in agreeing an infrastructure layout, and, in the case of a positive decision on the opening by the JSC "Rosselkhozbank" of a credit line, consideration will be given to an issue of how to provide a subsidy to reimbursement of expenses for the payment of interest under the

State Program of agricultural development and regulation of agricultural products, raw materials and food markets during a period of 2013 to 2020, as well as provision of tax benefits under the applicable investment laws of Smolensk Region.

A financial model for the LLC "VirmontFood" Investment Project, "Opening of a poultry complex for broiler breeding in the Smolensk Region," will be considered by JSC "Rosselkhozbank" in February 2014.

Summary of the Project

LLC "VirmontFood" is one of the companies of the "Virmont" Group of Companies. The "Virmont" Group of Companies primarily specializes in wholesale trade in import meat and meat products in the Moscow Region. The "Virmont" Group of Companies was established in 1998 and since then has successfully operated in this field for more than 14 years.

The plan is to implement the Project in the territory of Temkinskiy District of Smolensk Region.