OREANDA-NEWS. May 08, 2013. Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, held a working meeting with Ramazan Abdulatipov, Acting President of the Republic of Dagestan. In the framework of the meeting Dmitry Patrushev and Ramazan Abdulatipov discussed the financing of investment projects aimed at development of the priority subsectors of the regional agriculture. At the meeting, the Parties have outlined the plan of modernization of the agribusiness of the Republic in 2013.

Following the discussion, the Parties signed a Cooperation Agreement on implementation of the State Program on Agribusiness Development 2013-2020.

The signed Agreement is aimed at development of the rural areas in the region, promoting favourable business environment for agricultural enterprises, farms, personal households and other agribusiness enterprises by increasing credit accessibility and stimulating creation of credit unions — agricultural credit consumer cooperatives.

In the framework of the Agreement the Parties will promote sustainable development of the agriculture of Dagestan, increase in employment and living standards of the owners of personal household plots.