Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

New rules for investment aid

COMPANIES asking for state investment aid will have to prepare for new terms starting in April 2013. On January 9 the government approved the changes, as elaborated by the Economy Ministry.

COMPANIES asking for state investment aid will have to prepare for new terms starting in April 2013. On January 9 the government approved the changes, as elaborated by the Economy Ministry.

According to the new rules, aid-seeking companies will have to guarantee the creation of at least 15 percent of new jobs from the average of the last 12 months, the TASR newswire wrote. However, the number of new employees shall not be less than 40, and they must be employed full-time for one year; while the part-time and seasonal jobs represent the shares of annual labour units. The jobs that ceased to exist during the previous year must be deducted from the number of jobs created within that period.

If the company asks for help to expand production in an existing plant, it must guarantee a growth in production – at least by 15 percent in value or volume for the last three fiscal years preceding the application, TASR wrote.

Top stories

EP calls for thorough investigation of Kuciak’s murder

It has raised an alarm about the potential infiltration of organised crime in the Slovak economy and politics at all levels.

European Parliament, illustrative stock photo

On killing a crab

If you eat animal flesh, you should not be squeamish about slaughtering your dinner.

Students will return to streets on Friday

They will hold up the letters of the last sentence from the last story by murdered Slovak journalist Ján Kuciak.

The April 15 protest in Bratislava

Festival aims to build trust between foreigners and natives

After having shifted the attention to new minorities appearing in Slovakia, the 13th year of the “multicultural festival focusing on minorities”, fjúžn, aims to boost mutual trust.

The Superar choir