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Ministry proposes investment assistance

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 with overall investments of €80 million in the Nitra, Banská Bystrica, Žilina, Prešov and Košice regions which could create 1,096 jobs within five years, TASR wrote. The unemployment rate in these regions ranges between 9.22 percent and 34.33 percent.

TASR noted that most of the investment projects have an export orientation. The ministry is recommending that the firms 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.

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