Slovak Ministry Proposes Tax Breaks for Mondi Unit, Sme Says

Slovakia’s Economy Ministry proposes granting state aid to a unit of Mondi Group, a paper and packaging company, to cover part of the cost of an investment and to prevent job cuts, Sme reported.

The ministry is asking the government to approve 25 million euros ($31 million) of tax breaks for Mondi SCP, based in Ruzomberok, the newspaper said, citing a ministry document. The papermaker promised to invest 95 million euros in expanding production and to retain 383 jobs if it gets the aid, Sme said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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