Record dividends to be paid to foreign owners

FOREIGN owners of Slovak companies will earn record high dividends from their Slovak assets this year.

In 1999 a total of Sk1.7 billon was paid out in dividends to foreign owners. This year, analysts estimate that the sum will reach Sk35-40 billion.

The increasing volume of dividends paid abroad is due largely to foreign ownership of the Slovak energy and banking sectors, the Pravda daily wrote.

Traditionally, the largest payer of dividends in Slovakia is the Slovenský plynárenský priemysel (SPP) gas utility, which this year will bring nearly Sk10 billion to its foreign owners.

The Hungarian MOL, which owns the Slovak oil refinery Slovnaft, will get Sk7.7 billion from its Slovak assets this year.

A further increase in dividend payments abroad depends largely on whether the next government completes the privatization of the energy sector in Slovakia, said analyst Lucia Stekláčová of the ING bank.

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

Top stories

News digest: Applicants can soon choose which Foreigners' Police office to attend

Chief prosecutors order charges against Fico dropped. Top baby names in Slovakia announced. MPs okay higher salaries for hospital doctors.


10 h
Prosecutor General Maroš Žilinka.

Why has the prosecutor scrapped the charges against Fico?

Contradictions in opinions on the case against Fico and Kaliňák.


18 h
Illustrative stock photo

New project to help with affordable housing in Nové Zámky

Project sees success in Košice.


28. nov
President Zuzana Čaputová delivers her third State of the Republic speech on November 29, 2022, in Slovak parliament.

The public losing track of who rules the country. President criticises the government

President Zuzana Čaputová delivers her state of the republic address in parliament.


29. nov
SkryťClose ad