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State aid fell by almost 23 percent y/y in 2011

The amount of aid provided by the state to companies fell by €102.22 million (22.47 percent) in 2011 compared to 2010, reaching €352.61 million, according to a report drawn up by the Finance Ministry and approved by the government at a session held in Poltár, Banská Bystrica Region, on Wednesday, June 6.

The amount of aid provided by the state to companies fell by €102.22 million (22.47 percent) in 2011 compared to 2010, reaching €352.61 million, according to a report drawn up by the Finance Ministry and approved by the government at a session held in Poltár, Banská Bystrica Region, on Wednesday, June 6.

The most significant reduction in state aid was recorded in the sphere of transport (93.73 percent), followed by job creation (90.57 percent), and environmental protection (74.36 percent), the TASR newswire reported.

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.

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