Spectator on facebook

Spectator on facebook

Police start prosecution in hidden privatization of Slovak Airlines

POLICE started prosecution procedures in the alleged hidden privatization of Slovak Airlines (SA) by Austrian Airlines (AUA), based on a motion filed by MP Branislav Opaterný of the Free Forum party, the daily SME reported.

AUA gained an almost 62-percent stake in SA with the agreement of Transport Minister Pavol Prokopovič after the Austrians guaranteed an Sk200 million (€5.3 million) loan that SA took to avoid bankruptcy.

In January last year AUA then increased SA's assets by Sk114.6 million (€3 million). For this sum they gained a controlling majority in SA. According to Opaterný, by enabling this, Prokopovič has damaged the state.

"They sold state property without a proper cabinet or parliamentary decision," says Opaterný.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.