Spectator on facebook

Spectator on facebook

Financial groups now in competition for Cargo Slovakia

THREE Slovak financial equity groups, Penta, J&T and Slávia Capital, grouped in three consortiums, are marching into the last large privatization in Slovakia, the sale of the country's railway cargo transporter Cargo Slovakia.

Cargo Slovakia owns approximately 800 locomotives and about 16,000 cargo wagons, as well as attractive pieces of land on which an investor could, for example, build hotels, the daily SME reported.

Penta and J&T were each part of consortiums that bid for Slovakia’s two largest airports, in Bratislava and Košice, with Penta emerging as the winner as a member of the TwoOne consortium.

The cabinet will probably manage to sell Cargo before March 31, the date the cabinet has set as the deadline for wrapping up all privatization deals.

The Transport Ministry estimates that the sale of Cargo could bring about Sk15-20 billion (€401 million to €534 million) to state coffers.

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

Top stories

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.

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.

Police president refuses the proposals of students

He turned down their suggestions for a public debate but invites them to talk about corruption at the Police Corps Presidium.

Police President Tibor Gašpar

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.