Continuing my theme of documenting firm-specific location incentives, I’m listing a few incentives in Slovakia from October 2012.  Why should you care about Slovakia?

Incentives in the European Union are largely governed by “state aid” rules.  In short, the least developed countries and regions within countries have the ability to offer incentives to firms, although the legislation is complex.  As the EU continues to heated negotiations over the 2014-2020 budget, state aid and agriculture are both on the table for potential cuts.

The Slovak Investment and Trade Development Agency provides some details of state aid for investment into Slovakia and the EU commissions has a pretty informative website that addresses state aid.  PriceWaterhouseCoopers also has a nice overview from 2010.

Below is an incomplete list of incentives from October 2012.  I’ve also seen one story of a firm trying to renegotiate to get more incentives.

Incentives Deals (Oct 2012)

Ekoltech (Slovakia) receives an incentive (Tax credit) to the value of $0.95 million to invest into the city of Filakovo (Banska Bystrica) Slovakia in the area of Consumer Goods.

Muhlbauer (Muehlbauer Technologies) (Germany) receives an incentive (Tax credit) to the value of $5.47 million to invest into the city of Nitra (Nitra) Slovakia in the area of Information Technology & Telecom (ITT).

ZKW Slovakia (Austria) receives an incentive (Tax credit) to the value of $27.98 million to invest into the city of Krusovce (Nitra) Slovakia in the area of Automotive.

Fagor Ederlan Slovensko (Spain) receives an incentive (Tax credit) to the value of $3.64 million to invest into the city of Ziar nad Hronom (Banska Bystrica) Slovakia in the area of Automotive.

Continental Automotive Systems Slovakia (Germany) receives an incentive (Tax credit) to the value of $6.30 million to invest into the city of Zvolen (Banska Bystrica) Slovakia in the area of Automotive.

Delta Electronics (Taiwan) receives an incentive (Tax credit) to the value of $7.16 million to invest into the city of Dubnica nad Vahom (Trencin) Slovakia in the area of Electronics.

Bekaert Slovakia (Belgium) receives an incentive (Tax credit) to the value of $11.77 million to invest into the city of Hlohovec (Trnava) Slovakia in the area of Basic Materials.

Magneti Marelli (Italy) receives an incentive (Tax credit) to the value of $38.47 million to invest into the city of Kechnec (Kosice) Slovakia in the area of Automotive.

Mondi SCP (South Africa) receives an incentive (Tax credit) to the value of $35.54 million to invest into the city of Ruzomberok (Zilina) Slovakia in the area of Basic Materials.

Samsung Electronics (South Korea) receives an incentive (Tax credit) to the value of $27.70 million to invest into the city of Galanta (Trnava) Slovakia in the area of Electronics.