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SK reports changes in State Aid
( 10 / February / 2009 )
Arrangements of the anti-crisis fight get real contours. The Government approved an amendment of the Act on Investment Aid. The possibility to benefit from such aid shall now be opened to a broader group of companies.
These provisions shall be only temporary and shall cover those companies that submit their investment plan in the period from 1 April 2009 until 31 December 2010.
The key measure is the 50% decrease of minimum investment amounts in case of industrial projects. It means that depending on the region, the company shall expend at least 13.27/6.63/3.32 million EUR. According to the previous regulation the minimum investment amounts were 26.55/13.27/6.64 million EUR.
The decrease in case of projects into tourism was not so striking and reached 40%. The required minimum investment amounts shall be 9.96/4.98/3.32 million EUR.
The amendment intends to support also less sophisticated projects and for this purpose decreased the required percentage of technologies from 60% to 40% of the eligible costs for industrial projects and from 40% to 20% of the eligible costs for projects into tourism.
In comparison with current situation the amendment enables procurement of investment assets also from the related parties. The Government presumes expenditures of 36.5 million EUR and anticipates that this support will assist in creation of 3 800 new jobs. Approval by the Parliament shall follow shortly.
Sario