Spectator on facebook

Spectator on facebook

State aid exceeded Sk10 billion in 2005

THE TOTAL volume of state aid that the Slovak government provided to companies and regions last year was Sk10.3 billion (€275.4 million), 12 percent higher than in 2004.

Sector aid came to Sk5.3 billion (51.9 percent of the total), followed by regional aid (Sk3.9 billion).

According to a Finance Ministry report, within sector aid the most money went to US Steel Košice in the form of a tax credit.

In 2005 US Steel Košice made use of a Sk3.7 billion corporate tax break for the 2004 taxation period.

The state aid to the steel maker thus made up 35.6 percent of the total volume of state aid provided by Slovakia, the Pravda daily wrote.

Another Sk1.6 billion in the form of a corporate tax credit was provided to Bratislava-based carmaker Volkswagen Slovakia.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall