Spectator on facebook

Spectator on facebook

Hidden privatization of bus firms prepared

THE GOVERNMENT is preparing a hidden privatization of the SAD Trenčín and SAD Žilina bus companies through its nominees in the National Property Fund (FNM) executive committee, according to the SME daily.

The FNM executive yesterday supported a plan to transfer all real estate owned by these companies, worth hundreds of millions of crowns, to the SIRS Development firm, a subsidiary of the SIRS company that currently owns roughly 40 percent of the bus firms.

SIRS is headed by George Trabelssie, a business associate of Ján Slota, the chairman of the ruling coalition Slovak National Party (SNS). Meanwhile, the head of the FNM is Peter Šimko, who was appointed to his post by the SNS.

The FNM presidium must now look at the planned transfer before it goes before an extraordinary shareholders’ meeting at the bus companies on March 5.

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.