Economy Minister supports buy-back of Transpetrol

ECONOMY Minister Jirko Malchárek has changed course and admitted the possibility that Slovakia will buy-back its 49 percent stake in the Slovak oil transportation company Transpetrol from Russian oil refinery Yukos.

Just a few weeks ago, the ministry rejected the idea of a buy-back as disadvantageous for Slovakia, the Hospodárske noviny wrote. At the beginning of this year, it had even supported the stake's sale from Yukos to fellow Russian company Russneft.

The government's ruling partners have no information on the buy-back plan so far, as the minister would like to sound out the transaction with Yukos president Steven Theed first.

The two officials should meet within three weeks. The minister did not comment on whether Slovakia will keep the stake or re-privatize it later.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Murder of journalist: How did Ján and Martina die?

Journalists working with Ján Kuciak described how he and his fiancée, Martina Kušnírová, were killed.

People still remember Ján Kuciak and Martina Kušnírová.

The murder of journalist changed Slovakia, but not all of it

There are still people who continue as if it’s business as usual.

Illustrative stock photo

What are the best employee benefits? Ask your employees

Salaries and a good company atmosphere, not benefits, keep people loyal.

Parking as a benefit it popular among employees.

UPDATED: Protest gatherings will return to Slovakia one year after the murders of Kuciak and Kušnírová

The gatherings will be held under the slogan “We won’t forget! We will continue!”.

November 16 gathering in Bratislava