ECONOMIC BRIEFS

Prime Minister outlines plan to attract foreign investment

Prime Minister Mikuláš Dzurinda spoke about a Slovak-German project to use new credit lines from the European Bank for Reconstruction and Development (EBRD) to encourge the entry of foreign capital into small- and medium-size businesses at a February 8 press conference marking the first one hundred days of his cabinet.

By the end of February, the cabinet should approve a series of measures to attract foreign capital, he said. Within its overall strategy, the Cabinet has adopted a draft project which proposes using both tax-motivating and legislative measures. Tax-motivating measures include tax holidays, tax relief, free trade zones and the easing of goods through customs.

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