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Economy Ministry proposes investment stimuli for seven projects

The Economy Ministry has submitted proposals to provide investment assistance to seven investors for inter-ministerial review, the ministry’s communication department stated on October 7, as reported by the TASR newswire.

The Economy Ministry has submitted proposals to provide investment assistance to seven investors for inter-ministerial review, the ministry’s communication department stated on October 7, as reported by the TASR newswire.

The investment stimuli is proposed to go to projects in the Nitra, Banská Bystrica, Žilina, Prešov and Košice regions and could help to create 1,096 jobs within five years, TASR wrote. The unemployment rate in these regions ranges between 9.22 percent and 34.33 percent.

Most of the investment projects have an export orientation and the ministry has recommended that investors should receive financial assistance in the form of tax relief, subsidies for purchase of long-term tangible assets and subsidies linked to the number of jobs created, TASR wrote.

Source: TASR


Compiled by Radka Minarechová from press reports
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