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.

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

Opposition fails to recall Education Minister Lubyová

The reason was the dubious distribution of the state's stimuli for science and research.

Education Minister Martina Lubyová (SNS nominee)

Brexit: Fulfilling the wishes of the dead

It is supposed to be honourable to respect the last wishes of the deceased. But is it also reasonable to sacrifice the life perspectives of those remaining?

Foreigners in Slovakia promote the ice hockey world championship

In videos, they tell fans from abroad that Slovakia has much to offer.

Mascot of 2019 IIHF Ice Hockey World Championship Slovakia, bear Macejko.

Caregiver Dušan, a breadwinning father working in Austria, will earn €6,000 less this year

The Austrian government has cut down child benefits for Slovak parents working in Austria if their children live in Slovakia. The European Commission regards the measure to be discriminatory.

The Valach family