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New investment rules for state stimuli

SLOVAKIA is to implement new fixed rules on providing state stimuli for the investors.

Ministers with economic portfolio discussed the rules for providing state support for firms and advised the cabinet to approve them. The cabinet will discuss the rules next week, according to the daily SME.

These rules are designed to overcome the dispute that arose over state stimuli for Korean investor Hankook Tire.

The proposed law divides Slovakia into two basic zones: a green (poorer) zone and a yellow (wealthy) zone. Economic sectors are divided into three: sector A is for investment in industrial production, and Sector B is for strategic investment in the high-tech branch. Sector C is for research and development centres.

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

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