BUSINESS IN SHORT

State to give investors €4.6 million

INVESTORS operating in Slovakia will receive investment stimuli amounting to almost €4.6 million. The cabinet of Robert Fico approved the amount to be transferred from undrawn capital expenses, the SITA newswire reported.

INVESTORS operating in Slovakia will receive investment stimuli amounting to almost €4.6 million. The cabinet of Robert Fico approved the amount to be transferred from undrawn capital expenses, the SITA newswire reported.

The government pledges to support investment projects that will help to lower the unemployment rate in the regions where it is highest.

The undrawn financial resources were found in the sub-programme Kia Motors Slovakia – which was intended to increase the company’s automotive production – amounting to almost €2 million.

The extra money remained in the sub-programme due to currency rate differences between the time when the financial aid was approved and the time at which it was actually drawn.

Further financial resources will come from the sub-programme Support of Samsung Project, amounting to €795,500, and the sub-programme Regional Development Support, amounting to over €1.76 million.

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