The main part of the funds from the Kyrgyz-Russian Development Fund will be invested in agricultural processing

Almaty. March 3. Silkroadnews - Kyrgyz-Russian Development Fund will give businesses "long-term money" in the form of loans for 5-7 years, reported KyrTAG.
As recalled by the Minister of Economy of the KR Temir Sariev, created Kyrgyz-Russian fund, which will  accumulate up to $1 billion. The funds will be directed to the adaptation of the economy of Kyrgyzstan to the Custom Union and the Eurasian Economic Union.
"We have processed only 10-15% of domestic agricultural products. Processing enterprises are exempt for six years from VAT and for three years from the tax on profits. The main part of the money from the Development Fund will be directed to this sector", - said the minister at the forum "Kyrgyzstan - Tatarstan" on Tuesday.
"We will welcome the integration of the Russian and Kyrgyz business in the processing of products. Businessmen will be able to get loans for this sector. This will be long-term money loans will be issued for a period of 5-7 years", - said T. Sariev.