Charges laid in alleged backdoor privatization

POLICE have launched criminal proceedings in the alleged covert privatization of national carrier Slovak Airlines (SA) by Austrian Airlines (AUA), based on a motion filed by MP Branislav Opaterný of the Free Forum party.

POLICE have launched criminal proceedings in the alleged covert privatization of national carrier Slovak Airlines (SA) by Austrian Airlines (AUA), based on a motion filed by MP Branislav Opaterný of the Free Forum party.

In January last year, AUA gained a 62-percent stake in SA with the agreement of Transport Minister Pavol Prokopovič after guaranteeing a Sk200 million (€5.3 million) loan that SA took to avoid bankruptcy.

AUA then increased SA's basic capital by Sk114.6 million (€3 million), giving them a majority control of SA, the SME daily reported.

According to Opaterný, in countenancing the transaction, Prokopovič damaged state interests.

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

Top stories

Lockdown in Bratislava

Ministry proposes to start reopening Slovakia for the vaccinated and recovered shortly before Christmas

The Health Ministry came up with three phases, one of which involves a longer lockdown.


21 h
Igor Matovic

PM’s calls for “respect” are ignored by his own colleagues

Finance minister proposes massive handout without consulting PM.


23 h
Katarína Nováková Grubb

This Slovak wears her folk costume even in New York City

Katarína Nováková Grubb made a career in the US. She remembers 2020 fondly despite the pandemic.


24 h
Skryť Close ad