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Govt. Gives Support to Auto Industry
The government will support the domestic automobile industry, Russian President Dmitry Medvedev stated today in a meeting with regional journalists, Vesti television reports. Medvedev noted that the support for the auto industry is part of a package of support measures. Among them also is the subsidization of interest on loans.
The president said it was possible that new measures will follow, if the ones already adopted are ineffective. He added that companies will likely have to change their plans too. “Be we can’t stop or we’ll lose everything we have restored in the last five or seven years,” he said. “In that period, the auto industry has started to develop not badly.”
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