Spectator on facebook

Spectator on facebook

Law on investment aid changed

Slovak MPs have altered the law on investment aid as part of changes to consumer protection regulations passed March 25. Smer MPs argued that this should speed up tax relief for investments exceeding €200 million.

Slovak MPs have altered the law on investment aid as part of changes to consumer protection regulations passed March 25. Smer MPs argued that this should speed up tax relief for investments exceeding €200 million.

However, the amendment was criticised by two opposition independent MPs, Juraj Miškov and Martin Chren. They opine that Smer thus introduce into practice automatic tax relieves for investments over €200 million, and moreover, secretly through an indirect amendment.

Opposition MP Juraj Miškov was among the most outspoken critics of the changes, according to TASR newswire, citing a lack of parameters — like the number of new jobs or the location of investments in a region with high unemployment rates – other than investment amount. He also voiced the suspicion that the amendment was tailor-made to suit a specific investor and a specific investment, the Metropolis project near Bratislava.

Critics want to turn to President Ivan Gašparovič and ask him not to sign the amendment and they want to table a proposal that would oblige the government to inform about investment stimuli allocated through this law in the future.

(Source: TASR, press release)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.