The Directorate for Technological Industrial Development Zones (TIRZ) in 2020 had paid over EUR 10,6 million to 29 companies to implement their investments in the zones. It is 94.4% realization of the 2020 state aid for foreign investors in the country.
Also, early payment has been approved for two companies, Kostal and Gentherm, after completing their investment plans and employment target in advance, said the Directorate.
“The objective is to motivate other investors to wrap up their investment and employment plans earlier than required. the Directorate of TIRZ and the government are prepared to follow their dynamic,” the Directorate said.
The government-run body responsible for developing free economic zones throughout the country recorded 96% realization of the 2020 budget. In capital investments, there is 100% realization.
The Directorate said that EUR 15 million will be invested this year in main infrastructure in the zones. At the same time, TIRZ will create a separate strategic investment fund in cooperation with the World Bank.
Also, the Directorate said in 2021 it will introduce a fresh approach in attracting investments to allow both local and foreign companies to have the same conditions and privileges.
