Spectator on facebook

Spectator on facebook

Decision on Transpetrol tomorrow

A DECISION as to whether Slovakia will try to buy back a 49-percent stake in oil transportation company Transpetrol from Russian Yukos or will support the stake’s sale to another company will be made tomorrow, said economy minister Ľubomír Jahňátek after a meeting with Slovak President Ivan Gašparovič on August 7.

"If we do not agree with Yukos over the Transpetrol buyback, we will request the fulfillment of certain conditions from potential buyers. The company best meeting these terms will have a chance to become Slovakia's strategic partner in Transpetrol," said Jahňátek.

Apart from obtaining greater state control in Transpetrol, the Slovak Economy Ministry will insist that the potential minority owner of Transpetrol guarantee Slovakia's energy security and solve questions related to storing Slovakia's strategic crude oil reserves, as required by the European Union.

Jahňátek insisted, however, that the buyback of shares remains a priority for Slovakia.

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

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.