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.

Get daily Slovak news directly to your inbox

Top stories

News digest: High-profile arrests and discussion on reopening schools continues

PM Matovič proposes pilot testing for schools. Slovakia will have the very first Slovak ambassador to the EU.

PM Igor Matovič has stepped into the debate about opening the schools for older children.

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.

Older children will not return to schools before Christmas

PM Igor Matovič still wants some pupils to return, he proposed a pilot testing plan.

The school in Trebišov.