European support for Private Profit-Oriented Entities in Slovak Regions

Abstract

This paper deals with the question of the European Union support given to the Slovak Republic within the programming period 2007 to 2013 in the framework of the policy of economic and social cohesion being distributed among the Slovak regions to the private profit oriented entities. The issue at stake is whether the monetary resources are channelled to the regions which suffer most disadvantaged circumstances measured by their gross domestic product per capita in purchasing power prior to the commencement of the programming period in question. The results are somewhat unconvincing in the sense that some regions one might consider worse due to lower gross domestic product per capita in purchasing power are subject to the relatively small amount of the support, while the most economically advanced region with the capital Bratislava enjoys a substantial amount of support being channelled.