Business News

EUR 7M Still Available for FDI Incentives

Ljubljana, 05 February (STA) - The Public Agency for Entrepreneurship and Foreign Investments (JAPTI) is offering EUR 7.13m in incentives for for foreign direct investment (FDI) this year as part of a two-year public call issued in 2010.

Out of EUR 8m in budget funds offered in the call for this year, EUR 7.13m is still available. The deadline for the first opening of bids is 9 February, to be followed by thee more by 9 September, JAPTI said.

The main purpose of the call is to attract quality investment projects by foreign investors creating value added and new jobs, as well as contributing to the transfer of expertise and technologies and a balanced regional development.

The main novelty in the call is valuation of the investment, with the addition of a mechanism that includes the investment's value in the calculation of the incentive. Technical adjustments have also been made to make the call clearer and more transparent.

Last year ten investment projects with a combined value of EUR 38.81m were approved. A total of EUR 4.86m in incentives was provided to eight projects worth a total of 32.49m; one company failed to sign the agreement and one backed out.

Most of the projects will be implemented in underdevelopment regions, two of them in the region of Pomurje and two in Podravje, both northeastern Slovenia.

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