Spectator on facebook

Spectator on facebook

FinMin: State aid down in 2013

THE OVERALL volume of state economic aid provided to business entities in Slovakia in 2013 reached €290.74 billion, down by 1.71 percent year-on-year, according to a report presented by the Finance Ministry.

THE OVERALL volume of state economic aid provided to business entities in Slovakia in 2013 reached €290.74 billion, down by 1.71 percent year-on-year, according to a report presented by the Finance Ministry.

"The total amount of state aid was reduced by €5.06 million (1.71 percent) year-on-year in 2013. Significant reductions were recorded mainly in support provided to small and medium-sized enterprises - 94.04 percent, education - 79.31 percent, and transport - 66.42 percent," reported the Finance Ministry as quoted by the TASR newswire.

The largest portion of state aid was made up by subsidies and non-returnable financial contributions - 72.63 percent, followed by tax allowances - 27.37 percent.

The biggest share of the money in 2013 went on regional development - 40.73 percent, followed by energy production - 20.09 percent, research and development - 11.84 percent, and the environment - 11.56 percent.

Source: TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Tom Odell surprised Slovak band in Bratislava Video

The British artist was wearing a T-shirt, presented to him by the Tolstoys, from start to finish at his Bratislava concert.

Tom Odell

El País: Female professor openly fights high gender pay gap in Slovakia

The major Spanish daily portrays Slovakia as one of the EU countries with the highest level of gender inequality through the story of Svetlana Fialová.

5 most significant results of the municipal elections Photo

A slightly higher turnout and more independent candidates. Some results in the municipal elections came as a surprise.