Government approves investment aid for five companies

We just did our homework, Economy Minister Peter Žiga said.

The government approves investment support for five eastern Slovakian companies on January 15, 2020The government approves investment support for five eastern Slovakian companies on January 15, 2020 (Source: TASR)

Five companies in eastern Slovakia will receive support from the state worth millions of euros. The cabinet approved the aid only a few weeks before the general election.

“Essentially, we just did our homework,” Economy Minister Peter Žiga (Smer) said, as quoted by the TASR newswire. Most of the companies in question are situated in the least developed districts of Slovakia, he added.

The cabinet approved the investment support of €13.5 million in total, on January 15. €5.6 million is to be spent on the creation of jobs and the purchase of fixed assets, while the rest of the incentive, €7.9 million, will be provided as income tax reduction.

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