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BUSINESS BRIEFS

Sk1.8 billion for tourism infrastructure

MUNICIPALITIES, regional governments, and other groups can apply for assistance of almost Sk1.8 billion (€44.8 million) to develop tourism infrastructure, the private news agency SITA wrote.

The Slovak Tourism Agency, as of May 3, starts implementing measures from the project Assistance for the Development and Reconstruction of Tourism Infrastructure, Roman Zaťko, head of the angency, said at a press conference on April 26.

The project is part of the Industry and Services sector operational program for the EU's structural funds.

As much as 95 percent of justified costs will be covered from structural funds, while recipients should finance 5 percent from their own sources. A total of Sk1.3 billion (€32.3 million) should arrive from the European Regional Development Fund, Sk354.4 million (€8.8 million) from the state budget, and the recipients' own sources should reach Sk88.6 million (€2.2 million).

"The minimum assistance for tourism projects under the above measure will be €25,000 and the maximum assistance will be €6 million," said Zaťko.

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