State Aid Approval Process

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Step 1:

Filing an investment/business plan with the Slovak Ministry of Economy (the project work may start)

Step 2:

Review of submitted investment plan by the Slovak Innovation and Energy Agency (SIEA)

Step 3:

Professional 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 4:

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

Step 5:

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

Step 6:

Filing an application for investment aid based on the proposal from the Slovak government

Step 7:

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

Step 8:

Issue of the decision on approving investment aid to the beneficiary

Step 9:

Implementation agreements with the provider of direct form of aid

Step 10:

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

Approval Procedure of the Investment Incentives