Spectator on facebook

Spectator on facebook

State-funded financial aid amounted to €244 mln. in 2007

Around Sk7.8 billion (€244 million) was allocated in state-funded financial aid in 2007, of which Sk6.9 billion (€216 million) came from state resources and Sk904.45 million (€28.3 million) from EU funds, according to the Finance Ministry's Report on State Aid in 2007 published on May 12.

Around Sk7.8 billion (€244 million) was allocated in state-funded financial aid in 2007, of which Sk6.9 billion (€216 million) came from state resources and Sk904.45 million (€28.3 million) from EU funds, according to the Finance Ministry's Report on State Aid in 2007 published on May 12.

The total amount of state financial aid fell by 19.43 percent year-on-year. It equalled 0.42 percent of GDP.

A significant fall was recorded in funds allocated to small and medium-sized enterprises (by 52.24 percent), education (49.68 percent), agriculture (77.46 percent) and regional development (45.32 percent). Financial aid allocated to the steel industry rose substantially - by as much as 651.84 percent. The largest amount of state financial aid was granted by tax offices in form of tax relief (52.51 percent of the total sum), with the second-largest donor being the Economy Ministry (27.74 percent of the total).

The largest shares of aid in geographical terms were received by the Bratislava and Košice Regions. TASR

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

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.