New FNM president is SNS nominee

THE PARLIAMENT approved personnel changes in the National Property Fund (FNM) management team on August 4. The new president of the organisation will be Peter Šimko, a Slovak National Party (SNS) candidate. Šimko, who turned 50 in July, has worked for the police department for 24 years. Since 2004, he has been on the board of water-management company Severoslovenská vodárenská spoločnosť, news agency TASR wrote.

Apart from Russian, the new FNM head cannot speak any other foreign languages, which may complicate negotiations with foreign investors. The new management team will administrate the Fund's accounts. FNM has over Sk40 billion (€1.06 billion) at its disposal. It expects expenditures of Sk22 billion through the end of this year.

Following the personnel changes at the Fund, the economy ministry can also start replacing people in companies under the control of the state. This could involve Slovak gas utility SPP, electrical utility Slovenské elektrárne, electrical transmission company SEPS to name but a few of the most important state owned companies.

Prime Minister Robert Fico rules out any privatisations of strategic companies, but the government may consider selling off smaller firms.

Top stories

The interactive exhibition Elements of Art is dedicated to the 70th anniversary of the Žilina Music Conservatory on November 18, 2021.

Weekend: US basketball players score big in Slovakia

A potential Christmas present, one hike, nice sports stories, and more. Dive into reading this week's roundup.


26. nov

News digest: Employers finally get manual for employee Covid testing

Bratislava starts the Christmas season online and the refurbishment of one of the biggest fountains in Slovakia. Tatra ski resorts have switched on their snow-making machines.


26. nov
Christmas trees began appearing in the squares during the First Czechoslovak Republic and there is a touching Christmas story behind it.

Lockdown for just two weeks? Forget it, say experts

The experts advising the government expect some rules may lift before Christmas, but only for the vaccinated.


26. nov
Chicago Blackhawks right wing Marián Hossa prepares for a face off against the Florida Panthers during an NHL hockey game in March 2017.

The (in)conspicuous superstar that had to suffer to achieve great things: Marián Hossa

The Slovak hockey player has been inducted into the Hockey Hall of Fame.


25. nov
Skryť Close ad