Gašparovič signs law amending Slovakia’s investment assistance methods

Slovakia’s provision of investment aid is slated to include new conditions and limits differentiated in accordance with the economic sector and region, based on an amendment to the Investment Assistance Act signed by President Ivan Gašparovič on July 18, the TASR newswire reported. The amended law aims to foster job creation in areas with high unemployment rates and to increase investments with added value. Eastern Slovakia's Košice and Prešov regions as well as central Slovakia's Zilina and Banska Bystrica regions should be bolstered by the amendment, TASR wrote.

Slovakia’s provision of investment aid is slated to include new conditions and limits differentiated in accordance with the economic sector and region, based on an amendment to the Investment Assistance Act signed by President Ivan Gašparovič on July 18, the TASR newswire reported.

The amended law aims to foster job creation in areas with high unemployment rates and to increase investments with added value. Eastern Slovakia's Košice and Prešov regions as well as central Slovakia's Zilina and Banska Bystrica regions should be bolstered by the amendment, TASR wrote.

"For instance in Bratislava, an investor won't have any chance of receiving investment aid," said Economy Minister Juraj Miškov, as quoted by the TASR newswire.

The minimum amount of investment needed to acquire assistance will be increased and tax relief will become the primary form of investment aid, TASR wrote.

Source: 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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Pilot testing deemed successful

Coronavirus affects bus connections, gastronomy businesses send an open letter to the prime minister. Take a look at the latest in our news digest.

PM Igor Matovič presents the results of the pilot nationwide testing on October 26.

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger