The government granted between 2017-2022 a total of 75 investment incentives worth over €272 million for projects that created 9,575 jobs, meaning that the average cost per created job was €28,524, the Economic and Social Studies Institute (INESS) reported in a publication called Investment Incentives 2017-2022.
The average amount of eligible investment costs reached approximately €21.5 million, while the average amount of one investment incentive exceeded €3.6 million.
According to the author of the publication, Samuel Jurcisin, investment incentives have long been perceived as a tool for reducing regional differences. In the monitored period, 53 percent of state aid was directed to districts with above-average unemployment. Kosice and Trnava regions received the largest volume of investments.
"Analysis of 2017-2022 data shows that the situation has changed from the point of view of the direction of incentives compared to the past. While the analysis of 2002-2016 data revealed that more than 75 percent of the volume of investment incentives was sent to districts with below-average unemployment, in 2017-2022, districts and regions with above-average unemployment 'won' by number," said Jurcisin.
(TASR)
