Spectator on facebook

Spectator on facebook

State handed out billions in aid

OVER 2005, Slovakia provided Sk10.3 billion (Ř270 million) in state aid for foreign investments, according to a report presented to the cabinet.

Since 1999, when the Act on State Aid took effect, more than Sk50 billion in state assistance has been handed out to support employment, education, regional economic growth and the investing companies.

In 2005, state aid was 12 percent higher than in 2004, the SME daily wrote. The government supported regional development, including tax breaks for investors and assistance in building infrastructure, with nearly Sk3.9 billion.

The state aid also includes incentives for investors. Since 2003, the Economy Ministry has approved Sk14.8 billion in state incentives. The biggest share has gone to a pair of carmakers that recently settled in Slovakia - PSA Peugeot Citroen, which has received more than Sk5 billion, and Kia, which has got Sk500 million more than that.

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

Touring wine cellars in Bratislava Photo

Nearly 30 wine cellars and wineries were opened in the boroughs of Rača, Nové Mesto, Vajnory and Devín during the first edition of Po Bratislavských Vínnych Pivniciach event.

Wine tasting in Pivnica u Štefana in Devín.

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.

Home (for a rest)

Returning from exile is a fine thing, but no one talks about how exhausting it is.

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018