The Moscow Government supports its businesses during the pandemic

The Government of Moscow allocates more than 700 million rubles to support IT and manufacturing companies, as well as various business areas.

"Such money injection will allow us to save jobs, move forward, develop new technologies and adapt them to new & increased needs and opportunities, so it's actually like a blood transfusion". Such comment was provided by IANS CEO, Doctor of Technical Science, Professor Mihail Kanevskiy.

In the first half of the year more than 4 000 small and medium-sized businesses have applied for subsidies, and more than 500 applications have already been approved for the total amount of 700 mln. rubles.

IANS expresses gratitide to the Moscow Government for the support that is so necessary for business during the pandemic.