Spectator on facebook

Spectator on facebook

Poll: Cabinet and financial groups wield most power

THE CABINET and large financial and business groups are those who wield the most power in Slovakia, according to a poll the MVK agency conducted for the daily SME.

The survey found that more than 32 percent of respondents think the cabinet has the most power and almost 26 percent think the same of large financial groups. Only 12 percent of people see political parties and parliament as those with the most power.

Christian Democratic Party (KDH) MP Pavol Minárik said we have to ask what kind of power is being discussed and that the power of the cabinet and parliament is one. He believes it is natural that large investors have an important influence in the business sphere.

Vice-chairman of opposition party Smer, Monika Beňová, is not surprised by the results of the survey: "I also think that the financial groups rule in Slovakia. I am sure about it."

Economy Minister Jirko Malchárek does not consider the survey results important. He thinks the large amount of media attention given to the financial groups is the reason people think they have a lot of power.

Slovak financial groups started appearing in 1990s. They earned their first windfalls through coupon privatization. Gradually, they started to trade in equities. Over the last few years they have been active in further privatizations. The Penta Group, J&T Finance Group, and Istrokapitál are among these financial groups.

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

Top stories

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

British embassy opens condolence book

The embassy will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.

EC: Focus on education and labour market

Some recommendations remain the same as last year.

Illustrative stock photo