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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

The courage to fight for democracy

Authoritarian societies squander the possibilities of human achievement, of lives lived to their fullest, writes the US ambassador to Slovakia.

Illustrative stock photo

While France has Beaujolais Nouveau, Slovakia has St Catherine's wines

This warm summer with an early harvest was a blessing for young wine.

St Catherine's wines