Spectator on facebook

Spectator on facebook

Investment aid has not reached underdeveloped regions

SINCE 2002, Slovakia has provided €1.5 billion in aid for 151 investment projects worth more than €7 billion, but the latest analysis by the Financial Policy Institute (IFP) indicates that the aid has not been consistently focused on supporting the most underdeveloped regions, the TASR newswire reported on April 7.

(Source: Sme )

The IFP, therefore, has created its own model for comparing and evaluating the quality of investment plans. IFP notes that in the past two years €102 million has been approved for 541 projects worth a total of €541 million. Analysts note that the increasing share of state aid in total investment means an increase in the cost, which has grown by an average of 0.9 percent per year.

“A major share of the aid was directed to western and central Slovakia, creating job opportunities,” said IFP analyst Juraj Mach, as quoted by TASR. “Despite the strong demand for job creation in the west, it’s also the most costly. Even though aid per location has risen in eastern Slovakia since the recession in 2009, it is still lower than in regions with lower unemployment.”

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

Annual subscription
29 €
Buy
You save 17.80€ compared with monthly subsription
Quarterly subscription
9.90 €
Buy
You save 1.80 € compared with monthly subsription
Monthly subscription
0.98 €
Buy
Price is only for new subscribers for their first month. All other months are standard price of 3.90 €

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • All exclusive materials published on our web page
  • A PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you (26 issues a year)
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Another police raid shows lack of equipment and training Video

Police have been waiting for promised body cameras since 2013.

His photo travelled around the globe. He got a punch in the face Photo

For three days, he only had time to take calls and answer emails. Almost all the important global media outlets called or emailed Vladimír Čičmanec.

Vladimír Čičmanec

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

400 types of Slovak seeds will be placed in the World Gene Bank at Spitsbergen Photo

Slovak Agriculture Ministry works is storing the seeds on the Svalbard archipelago.

World Gene Bank in Spitsbergen, Norway