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10 September 2012

“Russian Salmon” Goes “Independent”

New trend in Russian fishing industry: hatcheries strive for independence from imported fry

“Russian salmon”, one of numerous hatcheries in Russia where Atlantic salmon and sea trout are grown, plans to get rid of need to import fry and fodder by 2015.
“Russian salmon” is an example of a successful business at every stage, from a great idea that has been perfectly realized and worked fine for many years to the current plans for further development. The company’s product is in a great demand in domestic and international fishing markets, and technological process is highly developed, waste-free, and environmentally friendly.
As a matter of fact, businesses connected with hatcheries have very good prospects in the Kolskiy North region, and Murmansk region Government is ready to continue providing such companies with all necessary assistance.
As I learned, within the regional target program “Coastal fisheries development in the Murmansk region in 2012 – 2014” the regional government plans to fund companies engaged in industrial fishing and allocate about 1.5 million USD. The budget funds will be used to subsidize the interest rate on loans taken for purchase of the fish feed, fish breeding material, and equipment purchase and modernization.
So this field looks very attractive for investors who want to be sure that their investments will be paid out.

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