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

Israeli artist Menachem Edelman-Landau who lives in Banská Štiavnica.

Life of Israeli artist changed forever after he painted a Slovak woman

Painter Menachem Edelman-Landau had to alter his travel plans after an unexpected event turned his life upside down.


20. jun

News digest: Salvator pharmacy will resume its original function

Bratislava marks the 280th anniversary of Maria Theresa's coronation, what to do with unwanted books, and decommissioning a former nuclear plant might take longer than planned.


24. jun
The Knihotaxi runs every Friday, Saturday and Sunday in Bratislava.

‘Book Taxi’ – new service to sell old books launches

Novels need not end up in trash, says company behind scheme.


24. jun
SkryťClose ad