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.

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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.

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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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