Investment incentives

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Government to increase investment incentives


Regions with high unemployment may look forward to four times higher state subsidies to be collected by investors creating new jobs.

Instead of the current CZK 50k per job position, as from February they should receive CZK 200k from the Labour Office. The condition is keeping the given job for at least five years. The government measure concerns mainly the Moravian-Silesian Region and the Ústí Region coping with unemployment which equals double the nation-wide average. The cabinet expects the state to spend CZK 300m in this way in 2014.

Source: (english version)
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