Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Tax holidays for foreign companies in the works

According to the state secretary at the Slovak Ministry of Economy, Jozef Brhel, the government is prepared to offer a foreign investors what may be for some a big break.

"The government is preparing tax holidays for foreign investors in an effort to attract foreign capital," he said. "It plans to forgive 70-75 percent of taxes during the first five years of operation if a foreign company invests more than 100 million Sk into a strategic Slovak industry, and if its exports grow at least 25 percent per annum." "It is not possible to advance in reforming the poor structure of the Slovak industrial sector without foreign capital," Brhel continued.

Top stories

Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.