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FNM halts ongoing privatization tenders

THE NATIONAL Property Fund (FNM), Slovakia's privatization agency, has postponed the ongoing privatization sales of majority stakes in Slovakia's six biggest heating companies until October 1.

The FNM also halted the sale of the engineering firm DMD Group, as well as minority stakes in several bus companies.

The ruling is in line with a previous government decision to sell no state assets in the period leading up to June elections.

According to the Pravda daily, investors interested in buying the 51 percent stakes in heating companies in Bratislava, Košice, Trnava, Žilina, Martin and Zvolen hope that the new government will complete the transactions. The sales are expected to fetch Sk4-5 billion (€107.8-134.8 million).

While the current ruling parties agree that the sales should be wrapped up after the elections, the Smer and Movement for a Democratic Slovakia opposition parties are keeping their counsel.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak