The Czech government has approved investment incentives for Glaverbel a.s., the Czech unit of Belgian flat glass maker Glaverbel, Industry and Trade minister Miroslav Gregr said.
The government agree…
The Czech government has approved investment incentives for Glaverbel a.s., the Czech unit of Belgian flat glass maker Glaverbel, Industry and Trade minister Miroslav Gregr said. The government agreed to grant incentives for Glaverbel“s planned US$ 53.9 million plant in the heavily unemployed Northern Bohemian region, Gregr told a news conference after the cabinet“s weekly meeting. “The incentives are for a project of creating new glass production capacity. After the tax holiday incentives expire, it will have the financial feedback in that the company will pay more in taxes through higher output,” Gregr said. The standard package of incentives includes tax holidays, tariff-free imports of hi-tech equipment and subsidies for job creation.