Business development and employment growth in the company STAMAP, Ltd., in the field of OZE

Project facts

Project promoter:
STAMAP, ltd
Project Number:
SK07-0003
Target groups
Unemployed,
Small and medium-sized enterprises (SME)
Status:
Terminated
Initial project cost:
€2,907,094
Final project cost:
€0
From Norway Grants:
€ 0
The project is carried out in:
Prešovský kraj

More information

Description

The project is focused on the need to solve the problem of territory disparities in the Slovak Republic – increasing the employment and supporting the economy of rural areas and the need for investment and support of small businesses in the field of energy production. The objective of the project is to increase competitiveness, business development and increase of employability in the company, through investment in the production of briquettes and pellets, their distribution and transformation of heating methods in favour of biomass for consumers. The project is expected to increase employability and business development in the company and these challenges addressed through collection and harvesting of biomass (efficient use of natural resources), establishment of a logistics centre (processing and manufacture of products from OZE) and investment in the equipment (transformation of defective heating methods). The project will benefit unemployed and disadvantaged people, for businesses, public and local government. The partnership will achieve effective implementation of the project, support of project sustainability and increase of proficiency.

Summary of project results

The Programme Operator closed the project and requested returning all funds paid to the project. The Project promoter has not returned the required amount. The case was submitted to the Financial Control Unit and the respective criminal body as a suspicion of fraud. The Government Audit Office issued a decision dated on October 13, 2017 in which a duty to return the funds in the amount of EUR 631,794 was imposed. The administrative proceeding was finished since the decision became effective on November 2, 2017. In case the amount is not returned to the programme account the Government Audit Office will initiate the execution proceeding.

Summary of bilateral results

there has not been any bilateral results achieved as the project was not completed