Business News

Over EUR 5 Million Distributed for FDI in 2012

Ljubljana, 19 April (STA) - Slovenia approved EUR 5.1m via a call for applications to encourage foreign direct investment last year. Some EUR 2.7m has already been distributed, while the remaining EUR 2.4m will be paid out this year, according to a report the government debated on Thursday.

The 2012 report on financial incentives for FDI shows that the funds were approved for 12 projects and that the recipients have committed to open a total of 430 new jobs in the three years after the investments are finalized.

Two of the projects will be realized in the R&D sector and the rest in manufacturing.

Last year, the government also distributed EUR 1.86m to four projects from a 2010 public tender. While the contracts were signed in 2011, the payment was postponed for one year due to insufficient funds.

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