State Aid Approval Process

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Step 1:

Filing an investment/business plan with the Slovak Ministry of Economy

Step 2:

Expert review of the investment plan by the providers of the relevant type of investment aid, such as the Ministry of Economy, Ministry of Labour, Social Affairs and Family, and Ministry of Finance, etc.

Step 3:

Proposal in writing to grant investment aid issued by the Ministry of Economy

Step 4:

Filing an application for investment aid based on the proposal from the Ministry of Economy

Step 5:

Approval of the application by the Ministry of Economy and by the Government

Step 6:

For investment projects with eligible costs exceeding EUR 100 million, granting state aid is subject to notification by the European Commission

Step 7:

Issue of the decision on approving investment aid to the beneficiary

Step 8:

Implementation agreements with the provider of direct form of aid

Step 9:

Presenting monitoring reports and final investment report on terminating and withdrawing investment aid by a beneficiary