Cabinet: State assistance up 36.79 percent to €440.65 mn

Slovak state’s aid in 2015 increased by more than one third, according to the Anti-monopoly Office’s report.

Finance Minister Peter KažimírFinance Minister Peter Kažimír (Source: TASR)

Slovakia provided state assistance to companies amounting to €440.65 million, of which €207.01 million came from national resources and €233.64 million from the European Union’s coffers, according to an Anti-monopoly Office (PMÚ) report approved by the cabinet on June 8.

Compared with 2014, the overall volume of state assistance last year went up by €118.51 million which represents an increase of  36.79 percent. The volume of state assistance provided as a proportion of gross domestic product was 0.56 percent, the TASR newswire quoted from the report.

State assistance last year was mainly provided in the form of subsidies and grants (84.60 percent) and tax relief (15.40 percent). The lion’s share went to regional development (49.82 percent); production, transmission and distribution of energy (15.28 percent), and support for research and development (11.96 percent).

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