In the last two months of summer, economic growth continued in Mordovia, as evidenced by the data presented in the September issue of the report of the Bank of the Russian Federation.
In July of this year, industrial production in the Republic of Moldova increased by more than 7% compared to the same period in 2023. The growth of business activity in Mordovia is also supported by bank lending. So, in the seven months of 2024, enterprises in the region took out loans for more than 49 billion rubles, which is 9.5% more than in the same period last year.
Photo: Portal of the Government of the Republic of Moldova
It is reported that enterprises that produce machinery and equipment, metallurgical products began to take more loans. So, by the beginning of August, the loan portfolio of the business had already exceeded 77 billion rubles. Thus, the annual increase amounted to more than 19%.
Earlier we told you that free business development services are available to entrepreneurs in Mordovia.
