BUSINESS IN SHORT

Investment stimuli rules change

THE MAXIMUM intensity of state investment aid will change after the cabinet passed on February 27 a measure targeted at awarding the highest stimuli to investment projects in sectors with high added value and located in underdeveloped regions.

THE MAXIMUM intensity of state investment aid will change after the cabinet passed on February 27 a measure targeted at awarding the highest stimuli to investment projects in sectors with high added
value and located in underdeveloped regions.

The differentiation in awarding investment stimuli, in compliance with the measure proposed by the Economy Ministry, should allow more aid for sectors with high added value and limit the aid for less attractive sectors, “while keeping the principle of providing more investment aid to investment projects in less developed regions”, the SITA newswire reported. The investment aid will thus depend on the unemployment rate in the region.

The maximum possible investment aid should go to projects of technological centres and centres of strategic services only in districts whose average unemployment rate is higher than 125 percent of the national average. For projects in industrial production and tourism the maximum state investment aid will be allowed only in districts with an unemployment rate of more than 150 percent of the national average.

No investment aid will be provided for projects in industry or in tourism in regions with unemployment rates lower than 75 percent of the national average. The measure is to become effective on March 15, SITA wrote.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

UK nationals in Slovakia advised to take action as end of transition period nears

UK Nationals should check the British Embassy's "Living in Guide" for the most up-to-date information.

Illustrative stock photo

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.