Karelia regional authorities decided to lend a helping hand to the enterprises troubled by the crisis. The government is going to help Suoyarvsky Cardboard Factory, Shalsky Sawmill and two companies - Avangard Shipbuilding Plant and Onega tractors producer, Interfax reports.
The working groups including regional officials and local authorities will decide the volumes of financial assistance the companies need.

Avangard Shipbuilding Plant is located on the shore of the Lake of Onega in Petrozavodsk, the capital of the Republic of Karelia. The factory was founded in 1939 as an independent engineering company. The company has been engaged in shipbuilding since 1945. The AS specializes in construction of fishing boats and small cargo carriers operation on inland waters. Besides the main production the plant produces yachts, motorboats, rowing boats. Since September 15, 2009 the company has been under external control.