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Government halts all sales of state property

THE CABINET yesterday halted all sales of state property as well as the transformation of state owned companies to other legal forms, such as joint stock companies, limited liability companies, or NGOs.

The decision will effectively freeze sales of real estate that had been planned by the Culture Ministry. The ministry wanted to sell several buildings and plots of land to raise money to finance the completion of the new Slovak National Theatre (SND) complex.

In some cases, however, there is a risk of legal action due to the halted sales, the Hospodárske noviny daily wrote.

"We were surprised by the government's decision, because the tender was practically closed. We will look at the situation from the legal point of view and then decide on our next steps," said Peter Korbačka of J&T Global, which represented the Ditrio company in the purchase of a lucrative plot near the SND complex.

Compiled by Martina Jurinová from press reports
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