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BUSINESS BRIEFS

Outcry against Devín banka profiteering

The Justice Ministry said October 2 that it was powerless to challenge a court decision September 28 awarding the post of bankruptcy trustee on the failed Devín banka financial house to lawyer Ernest Valko one day before a new bankruptcy rule was to substantially cut the fees trustees earn.

Finance Minister Brigita Schmögnerová has estimated that Valko stands to earn Sk500 to 600 million ($10 to $12 million) on the bank case if he recovers Sk5 to 6 billion for creditors; had Bratislava regional court judge Eugen Palásthy waited one more day before awarding the post, Valko would have had his earnings capped at Sk10 million. Valko called the minister's estimate "inflated", and said neither he nor the judge had known the rules were due to change.

Top stories

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.