Illustratory stock photo. (source: Courtesy of BTB)
The most supported sector of the Slovak economy in the current coronavirus crisis is automotive and its suppliers while the hardest hit sector, tourism, has received only a scrap from the state's first aid package.
The consulting firm Grant Thornton Slovakia ascribes this discrepancy to unnecessary bureaucracy and at the same time possible allegations of subsidy fraud in the event of errors in applications.
“We have met several companies that, due to the complexity of the whole application process and the risk of being accused of subsidy fraud due to incorrect information, have decided not to apply for a contribution,” said Filip Tichý, International Liaison Director at Grant Thornton.
