OREANDA-NEWS Pavel Malkov, Governor of the Ryazan Region, said that the region would allocate more than 1 billion rubles for the development of industry, which would be released by writing off debt on budget loans.

"We will allocate more than 1 billion rubles for the development of industry in the region. The funds are being released due to the write-off of the debt of the Ryazan region on budget loans," the governor wrote in his Telegram channel.
He specified that the money will be used to replenish the capital of the regional Industrial Development Fund and support small and medium-sized businesses, which "will allow us to finance important projects: the production of high-tech products, import substitution, digitalization and the purchase of equipment for enterprises."

According to Pavel Malkov, earlier, thanks to the funds of the Ryazan Radio Plant, the data processing center was improved. The Tochinvest plant has improved the galvanizing line and launched the production of import-substituting PVC products.