May - The year in business

Investment incentives approved – On May 12 the Slovak government approved investment incentives of €16 million for five companies: Pasívhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic. These investments were expected to create 468 new jobs.

Investment incentives approved – On May 12 the Slovak government approved investment incentives of €16 million for five companies: Pasívhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic. These investments were expected to create 468 new jobs.

Amendment on corporate crime passed – If a crime is committed by a legal entity it can be sanctioned under an amendment to the Penal Code prepared by the Justice Ministry and signed into law by President Ivan Gašparovič in mid May. The new law introduces legal sanctions for indirect criminal responsibility by corporate entities and became effective on September 1, 2010.

Highway over Považská Bystrica opened – Prime Minister Fico ceremonially opened a 10-kilometre highway section on May 30 that includes an elevated section over Považská Bystrica. As much as 70 percent of the traffic on the first-category road through Považská Bystrica, in Trenčín Region, was diverted to the newly opened Sverepec-Vrtižer section of the D1 motorway. The construction work on the section was launched in 2008 and the overall cost was €379 million.


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