Spectator on facebook

Spectator on facebook

HZDS deep in debt

THE RULING Movement for a Democratic Slovakia (HZDS)party is carrying a Sk40 million debt.

According to the Hospodárske Noviny daily, the party took the loan from an unknown creditor prior to the 1998 general elections to finance its massive election campaign. During the campaign the HZDS invited foreign stars such as German supermodel Claudia Schiffer and French actor Gérard Depardieu to support its election drive.

After losing the vote, however, the party failed to repay anything on the debt.

“We have agreed on an installment plan,” said HZDS secretary Zdenka Kramplová.

Originally the party said the creditor did not wish to be named. Now Kramplová says that at the time the loan was drawn, no legal obligation to reveal the creditor existed. According to Hospodárske Noviny, the money came from a consortium of private companies.

“The only reason a party would keep the origin of the loan secret is because it does not want to lose the trust of the public,” said Zuzana Wienk, the head of the Fair Play Alliance watchdog organization.

Such creditors are believed to have a major influence on the decisions made by party nominees in various public posts in Slovakia.

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.