FinMin wants promissory notes under state control

Finance Minister Brigita Schmögnerová September 17 introduced a bill to parliament that would require firms to obtain the permission of a state regulator to issue promissory notes, as well as to register each note for a fee with the Bratislava stock exchange.

State-controlled gas distributor SPP has been at the centre of legal disputes over promissory notes allegedly signed by its former head under the previous government, Ján Ducký. The notes, some allegedly signed but left blank, could cost the company billions of crowns.

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