Russia Furniture & Wood Processing Support: 2021 Policy Snapshot

The Russian Furniture and Wood Processing Enterprises Association announced that the association and the "Region-Sustainable Development" competition organizing committee have jointly provided financial and policy support to furniture and wood processing enterprises.

The main goals of the competition organizers and sponsors are to help wood processing companies realize modernization, improve wood processing efficiency, establish and improve infrastructure, develop investment projects to obtain preferential loans and enjoy national support policies. In addition, Russian furniture and wood processing companies participate in innovation competitions by developing new products and launch new products on the market.

Timur Irtuganov, chairman of the Russian Furniture and Wood Processing Enterprises Association, said, “We guide enterprises to carry out investment projects with state support or participation in accordance with the management system of the'unified coordinator'. The organizing committee of the competition is to help enterprises develop projects and prepare loan documents. Review investment projects and receive state support as a'unified coordinator'. The competition supervision committee and expert review committee include bank leaders, federal project development agencies and government officials, industry organizers and association leaders. "Region-Sustainable Development" It is a unique and innovative competition project. Since 2011, the competition organizing committee has created a special incentive mechanism to simplify and improve the procedures for entrepreneurs to obtain preferential loans and enjoy state support policies in the federal and regional areas."