OREANDA-NEWS.  The government plans to allocate automakers 5 billion Rubles in subsidies for compensation of costs in the second quarter of 2015 in connection with the production of motor vehicles. Subsidies proposed to reduce the negative effects of the economic situation in the automotive market, and to enhance the competitiveness of domestic producers.

Automakers predict that this funding will provide additional loading of production capacities in the second quarter in the amount of 50 thousand cars, says the agency "Interfax".

Earlier it was reported that Prime Minister, Dmitry Medvedev, signed a decree on the allocation of 10 billion Rubles in subsidies to automakers in the first quarter. It was noted that the relevance of these measures is connected with the fact that in 2014 the cost of cars, produced in Russia, has increased significantly.