Social insurance provider received Sk6 billion from SPP sale so far

SOCIAL insurance provider Sociálna Poisťovňa (SP) has used Sk6 billion of the privatisation proceeds it received from the sale of a 49-percent stake in gas utility Slovenský Plynárenský Priemysel (SPP) to cover the cost of introducing the capitalisation pension pillar, said SP spokesperson Vladimíra Pôbišová.

"SP should receive another Sk11.6 billion from the Finance Ministry by the end of the year," she said to SITA.

A total of Sk70 billion has been earmarked from SPP's privatisation to settle debts related to the introduction of the second pension pillar.

Pôbišová also said that the state should allocate around Sk19.8 billion for this purpose next year, Sk22.2 billion in 2008, Sk23.3 billion in 2009 and Sk22.8 billion in 2010.

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

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