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State support balloons

SLOVAKIA increased its state support in 2004, supplying Sk9.2 billion (€235.9 million) in state assistance, compared to Sk6.9 billion (€176.9 million) in 2003. This year’s support included payments made to the agriculture and fisheries sectors after May 1, when Slovakia joined the EU.

According to an annual report on state support, in addition to the Sk6.9 billion, the Slovak government provided a further Sk7.6 billion (€194.9 million) to the railway transport system. These subsidies took the form of payments for public interest activities, the SITA news agency reported.

The state devoted 70.6 percent of all its support to pay off tax and customs duty breaks. The rest consisted of subsidies, contributions, coverage of interest costs or a portion of interest on loans provided to entrepreneurs.

Since 2000, Slovakia has provided state support exceeding Sk40 billion (€1 billion).

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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