“ACT ON SUPPORT OF SMALL AND MEDIUM ENTERPRISES”

On 01.01.2017, the Act No. 290/2016 Coll. on Support of Small and Medium Enterprises and on the Amendment and Supplements to the Act No. 71/2013 Coll. on the provision of subsidies within the competence of the Ministry of Economy of the Slovak Republic as amended (“Act“) entered into effect. The aim of the Act is to create a legal framework to support small and medium enterprises and to facilitate those interested in business their position in the market.