AmCham Slovakia

We are pleased to invite you to an exclusive closed-door session with EIB and OECD representatives tailored for manufacturing companies in Slovakia. This event will focus on the significant opportunities available in the current business climate, driven by technological advancements and strategic financial support. Manufacturing companies can leverage EIB financing for green technologies and combine it with insights from the OECD MAGIC database to optimize their financial strategies. 

By understanding the types and levels of subsidies available, companies can better plan their investments and operations to align with government support and market trends. Both EIB and OECD initiatives emphasize the importance of innovation and sustainability, providing a comprehensive framework for companies to enhance their productivity and environmental impact. These opportunities can help manufacturing companies stay competitive and thrive in the evolving business landscape.

The European Investment Bank (EIB), the long-term lending institution of the European Union owned by its Member States, is providing substantial funding for projects aligned with the Green Deal Industrial Plan, focusing on net-zero technologies like solar, wind, battery storage, and carbon capture. Built around eight core priorities, the EIB finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union. The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. In 2023 alone, the EIB committed €293 million to support public and private investment across Slovakia, benefiting over 23,000 jobs.

The OECD is promoting industrial decarbonization and strategic industrial policies to enhance productivity and innovation. The OECD MAGIC database highlights government subsidies available for large manufacturing firms, which can help reduce costs and enhance competitiveness. Simplifying regulatory compliance can reduce costs and make it easier for firms to expand their business. The MAGIC database reveals that subsidies are common among major global firms across 14 key industrial sectors. These subsidies can include grants, corporate income tax concessions, and below-market borrowings. The platform shows how subsidies have impacted global market shares, with firms based in China often gaining market shares compared to OECD-based companies. The database covers 482 of the largest manufacturing firms globally, providing detailed financial and economic data, which can help companies understand the competitive landscape and government support patterns.

Speakers: