Spectator on facebook

Spectator on facebook

Cabinet freezes privatization as of February 22

THE SLOVAK cabinet said it would take no privatization decisions after February 22, more than a month sooner than the Dzurinda administration had originally suggested.

Stakes in 11 bus lines, 6 heating companies and energy distributor Západnaslovenská energetika will thus remain in state hands for the time being.

The Economy Ministry halted the sale of additional shares in energy distributors Stredoslovenská energetika and Východoslovenská energetika several weeks ago, the SME daily wrote.

The privatization freeze will also affect the sale of a 100 percent stake in the country's freight transporter, Cargo Slovakia. Transport Minister Pavol Prokopovič said the decision will cost Cargo hundreds of millions of Slovak crowns in losses.

Economy Minister Jirko Malchárek said it was difficult to calculate the losses that would result from halting the other privatization sales because putting the companies in private hands would have increased their profitability.

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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4