Home Economy Monotown Development Fund may be liquidated in autumn

Monotown Development Fund may be liquidated in autumn

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A package of documents on the liquidation of the Monocities Development Fund has been prepared and sent to the court, said Irina Makieva, general director of the fund. Already in September, the organization may be liquidated, however, the functions of supporting single-industry towns, previously performed by the fund, will be transferred to another structure. This status implies financial support from the government, including subsidizing new jobs in single-industry towns through the Monotowns Development Fund, controlled by VEB.RF. procedures. A package of documents has been prepared and sent to the court. Dates, preliminary, are the last decade of September. We are fully prepared for this,” said Ms. Makieva in a dialogue with TASS. According to her, the staff of the fund has already moved to VEB.RF, the structure of which included ….

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