Spectator on facebook

Spectator on facebook

IN SHORT

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 break.

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 break was provided to Bratislava-based carmaker Volkswagen Slovakia.

Top stories

Performance of wild animals to be banned in circuses

Slovakia takes first steps to regulate animals in circuses.

Two travel bloggers showcase Slovakia Video

Youtubers give their viewers a sample of the mountains and streets of Slovakia.

Lomnický štít peak in the High Tatras

Recreational vouchers may return

Slovakia is far from fully tapping its tourism prospects.

Cursive or block writing?

Ministry gives up idea of teaching pupils one type of writing only, for now.