ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
Slovakia's investment aid in the form of a corporate tax exemption to the Slovakian company Mondi SCP has a total nominal value of EUR 48.8 million (USD 55.56 million) or a total present value of EUR 46.3 million (USD 52.71 million). The aid supports the Slovakian company's project to increase the pulp production capacity at its Ružomberok plant.
The European Commission issued its decision on not to raise objections against the investment aid on 13 July 2017.
In this context, the European Commission concluded that the state aid: "... will relieve Mondi SCP from costs it normally would have had to bear itself, and therefore the company benefits from an economic advantage over its competitors. The measure is likely to affect trade between Member States as trade between Member States exists in the paper sector. As the measure favours Mondi SCP, competition is distorted or is threatened to be distorted." However, the Commission finally concluded that: "... the positive effects of the project on regional development clearly outweigh any distortion of competition brought about by the state aid."
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
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