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Bill amending Investment Incentives Act

28 April 2007

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Proposed Changes

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Czech Republic

In connection with the new Guidelines for National Regional Aid 2007-2013 (2006/C 54/08) and Commission Regulation (EC) No. 1628/2006, an amendment to the Investment Incentives Act is currently discussed in the Lower Chamber of the Czech Parliament. If approved, the Bill will, inter alia, introduce the following changes to the conditions for granting incentives for large-scale investments in the Czech Republic: -   the minimum amount of investment (currently CZK 200 million) will be reduced by one-half to CZK 100 million (approximately EUR 3.7 million), of which at least CZK 50 million (currently CZK 100 million) must be funded from...