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).
8. Jun 2016 at 23:51 | Compiled by Spectator staff