Czech Republic: Role and Importance of State Aid and Subsidies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F24%3A00137736" target="_blank" >RIV/00216224:14220/24:00137736 - isvavai.cz</a>
Result on the web
<a href="https://real.mtak.hu/210007/1/CEA-ProfNet11Nagy-ECOG05.pdf" target="_blank" >https://real.mtak.hu/210007/1/CEA-ProfNet11Nagy-ECOG05.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.54237/profnet.2024.znecogov" target="_blank" >10.54237/profnet.2024.znecogov</a>
Alternative languages
Result language
angličtina
Original language name
Czech Republic: Role and Importance of State Aid and Subsidies
Original language description
State aid and subsidy policy in the Czech Republic, especially the manner in which the country’s subsidy policy is aligned with regulations of the EU law, form the topic of discussion in this chapter. Direct aid and indirect aid are the two categories of aid covered under the subsidy policy, which has been a subject of much debate in Czech society. The first issue deals with the very essence of state subsidies, that is, whether the benefits of state incentives outweigh their disadvantages. The second is whether the rules are appropriately established for specific incentives and, for example, whether the incentive amount is adequate. The Office for the Protection of Competition and the Ministry of Agriculture and Fisheries monitors, coordinates, and controls state aid. Several entities exploited the advantages offered by state subsidies, although the provision of some subsidies was highly controversial. During the COVID-19 crisis, 18 COVID programmes were offered as the Czech Republic required substantial recovery of the economy and societal conditions. Further, during Russia’s invasion of Ukraine, the energy crisis loomed, making it necessary to resolve this largely through green and digital transitions. A separate chapter is dedicated to fiscal state aid. State aid also provides an advantage through a reduction of the company’s tax burden. These advantages can be used in varied ways, depending on the specific tax. However, despite several reservations (including a certain administrative complexity), these subsidies did contribute to developing the investment environment in the Czech Republic and offered opportunities for financing a wide range of products, such as project plans of towns and municipalities, small- and medium-sized enterprises, and non-profit organisations.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Economic Governance - The Impact of the European Union on the Regulation of Fiscal and Monetary Policy in Central European Countries
ISBN
9786156474452
Number of pages of the result
18
Pages from-to
273-290
Number of pages of the book
879
Publisher name
Central European Academic Publishing
Place of publication
Miskolc, Budapest
UT code for WoS chapter
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