SDĽ modifies objections to Privatisation Law

The former communist SDĽ party has agreed to modify its objections to a government law allowing state-owned utilities and monopolies to be sold. The law is presently stuck in its second reading in parliament.

The SDĽ has agreed to allow the minimum state share in telecom monopoly Slovenské Telekomunikácie (ST) and insurer Slovenská Poisťovňa to be lowered from 51% to 34%, and to allow the outright sale of state bank Všeobecná Úverová Banka (VÚB).

The SDĽ still insists, however, that parliament rather than cabinet have authority over privatisation decisions, and that the state keep a majority stake in gas utility SPP, energy utility SE and its three regional distributors, pipeline company Transpetrol and state bank Slovenská Sporiteľňa (SLSP).

The government has been trying since June to agree on the sale of all state-owned companies with the exception of forestry companies and a few regional power firms.

Top stories


Employers will start testing unvaccinated employees on Monday

The Economy Ministry issued the manual on Friday afternoon, one day after it was supposed to.

26. nov

Incomers from countries where omicron was confirmed asked to report to authorities

Slovakia's Public Health Authority is working on new border rules.

27. nov
The fountain in its current shape and visualisation of its refurbishment.

The biggest fountain in Bratislava will gush water again

The Družba fountain on Námestie Slobody Square will be renovated after 40 years. Take a look at what its dilapidated interior looks like before the reconstruction.

24. nov
Skryť Close ad