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State supported investors with Sk32.147 bln. over seven years

Slovakia provided Sk32.147 billion in incentives to investors between 2001 and the end of last year, the SITA newswire wrote.

Slovakia provided Sk32.147 billion in incentives to investors between 2001 and the end of last year, the SITA newswire wrote.

An analysis by the Economy Ministry shows that the state allocated an additional Sk11.168 billion to towns and villages during the same period for construction of public infrastructure needed for development of industrial zones. Throughout the whole period, 84 applications for provision of investment incentives were approved.

The most widespread form of assistance was subsidies to buy investment assets (51.5 percent). The second most common was tax relief (36.6 percent).

Contributions for re-qualification and creation of new jobs implemented in cooperation with the Labour Ministry made up the smallest portion of the total volume of approved aid, in the form of investment incentives (11.7 percent). SITA

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

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