Changes to investment incentives proposed

THE ECONOMY Ministry is suggesting changes to the rules for providing state aid to investors.

The proposed new rules should enable individual negotiations with each investor that intends to create at least 1,000 new jobs and invest over Sk10 billion, regardless of where the investment will be located in Slovakia, the Hospodárske noviny wrote.

The change would eliminate the current system of "yellow" and "green" zones with differentiated investment stimuli rewarding investments in less economically developed areas.

At the moment, the "yellow" zone includes districts with unemployment rates of between 10 and 15 percent, while the "green" zone includes districts with a jobless rate of more than 15 percent.

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