FinMin: State aid down in 2013

THE OVERALL volume of state economic aid provided to business entities in Slovakia in 2013 reached €290.74 billion, down by 1.71 percent year-on-year, according to a report presented by the Finance Ministry.

THE OVERALL volume of state economic aid provided to business entities in Slovakia in 2013 reached €290.74 billion, down by 1.71 percent year-on-year, according to a report presented by the Finance Ministry.

"The total amount of state aid was reduced by €5.06 million (1.71 percent) year-on-year in 2013. Significant reductions were recorded mainly in support provided to small and medium-sized enterprises - 94.04 percent, education - 79.31 percent, and transport - 66.42 percent," reported the Finance Ministry as quoted by the TASR newswire.

The largest portion of state aid was made up by subsidies and non-returnable financial contributions - 72.63 percent, followed by tax allowances - 27.37 percent.

The biggest share of the money in 2013 went on regional development - 40.73 percent, followed by energy production - 20.09 percent, research and development - 11.84 percent, and the environment - 11.56 percent.

Source: TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

Top stories

Slovak Levies in their beginnings in 2012
Politics & society

Slovak extremists groups can produce rebels in Ukraine

THERE are several unofficial paramilitary groups running military trainings with non-lethal guns in Slovak forests and Martin Keprta, who used to take part in such exercises, now fights for pro-Russian separatists in Ukraine.

26. Feb 2015
Mochovce
Business

Finnish firm eyes Slovenské Elektrárne shares

FINNISH firm Fortum looks interested in acquiring a 66-percent stake in Slovenské Elektrárne (SE), the country's largest electricity producer. 

26. Feb 2015
Ján Figeľ
Opinion

KDH at 25? More a funeral than a celebration

Christian Democrats never found a way to wed pragmatism with inspiration. 

27. Feb 2015
Business

Unemployment and education remain the focus

High unemployment rates, even as they fall slightly, remain a persistent problem.

27. Feb 2015