PSB will support the development of the investment potential of Chuvashia

PSB and the Investment Development Agency of the Chuvash Republic have signed a cooperation agreement. The document was signed by Dmitry Makeev, Deputy Chairman of the bank, and Denis Vasiliev, Executive Director of the agency, at the Cheboksary Economic Forum.

The agreement is aimed at developing the investment potential of the republic. The parties plan to work together to attract private Russian and foreign capital, support priority regional projects, and create mechanisms to promote investment opportunities in Chuvashia.

In addition, the cooperation provides for the development of a system of lending to local businesses within the framework of regional programs to support small and medium-sized businesses and government support mechanisms.

"Chuvashia has significant investment potential, and we see business interest in projects in the region growing every year. By combining the financial expertise of the PSB and the capabilities of the Investment Development Agency, we will provide investors with comprehensive support at all stages of project implementation, from the elaboration of an idea to its implementation. Attracting new capital will give an additional impetus to the socio-economic development of the republic," Makeev said.

Vasiliev noted that the partnership with one of the largest banks in the country will expand the range of tools for investors. "The financial expertise of the PSB will complement the support mechanisms that we build when supporting projects, and joint work on loan programs will open up new opportunities for businesses operating in the republic. Such agreements systematically strengthen the position of Chuvashia on the investment map of the country," the executive director added.