Rules for state aid provision
Published: 18. 9. 2008
New act on investment aid will enter into force on January 1, 2008. This act shall replace the existing regional investment aid legislation, i.e. Act No. 565/2001 Coll. on Investment Incentives No. 565/2001 Co. and Scheme of State Aid for Regional Development Support No. 1621/2007-1000. This new act allows for provision of regional investment and employment aid for investment or expansion projects of industrial production, technology centres, strategic service centres, and complex tourism centres.
At the same time, the European Commission is reforming European Union state aid rules. The new general regulation (GBER) which is assumed to enter into force in early 3Q 2008 will considerably simplify, clarify and speed up state aid provision to entrepreneurs in Slovakia as well. The GBER will also facilitate more types of state aid beyond investment aid.
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