Spectator on facebook

Spectator on facebook

US Steel boss warns minister on share sale

John Goodish, head of steel maker US Steel Košice, was closeted with Economy Minister Ľubomír Harach for 90 minutes yesterday to discuss the recent murky sale of 21 per cent shares in steel firm VSŽ. The VSŽ shares, in which US Steel had declared an interest but had been unable to come to terms on with the Economy Ministry, were sold on the Bratislava bourse an hour before trading ended on the last business day of 2001 to three investment firms – Penta Group, J & T and Istrokapitál – arousing suspicions the deal had been arranged long before. Said Goodish: “This is a country and a government which has committed itself to transparency, but this was a transaction that according to the world was not transparent.”

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.

Stopping extremism before it starts

Schools in Slovakia must do a better job of developing their students’ critical thinking skills from an early age, US envoy says.

Danko’s popularity keeps falling

The SNS chair suffers mostly because of the controversial military promotion and his following actions.

Lack of qualified labour needs to be addressed

After visiting carmaker PSA in Trnava, PM Fico says that people do not want to work even for more than €1,300.

PSA Groupe Slovakai in Trnava