Spectator on facebook

Spectator on facebook

IN SHORT

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.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.