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Slovakia's State Aid Rose by 8.4 percent Y-o-Y to €440.27 million in 2009
Wednesday 09 June 2010 Zoom in | Print page
Bratislava, June 9 (TASR) - Slovakia's state aid for investors in 2009 rose by 8 percent to a total of €440.27 million (including €117.30 million from the European Union) or 0.69 percent of gross domestic product (GDP), the Economy Ministry stated in a report that was approved by the Government on Wednesday.
Large annual reductions in aid extended by way of subsidies, grants, and tax breaks were registered for Bratislava region (88.11 percent), small and medium-sized enterprises (SMEs/68.67 percent) and the steel-making industry (59.17 percent).
Big increases in aid went to the education sector (235.65 percent), employment (116.95 percent), and R&D (55.5 percent).
The bulk of the aid came from the Economy Ministry, accounting for no less than 45.7 percent of the total, followed by the customs authorities with 33.94 percent.
Most subsidies went to the regions of Bratislava, Trnava, Zilina and Banska Bystrica.
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