Spectator on facebook

Spectator on facebook

VSŽ share sale approved

The Financial Markets Office on February 6 unfroze a transaction it halted last year involving the sale of 21 per cent of shares in steel maker VSŽ; the sale was to go forward by the end of the week.

Just days before the decision, John Goodish, head of steel maker US Steel Košice, met Economy Minister Ľubomír Harach for 90 minutes to discuss the VSŽ share case. US Steel had declared an interest in the shares but had been unable to come to terms on with the Economy Ministry, which was reportedly asking too high a price.

The shares were subsequently 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."

The Attorney General's office has said it is investigating the deal on evidence of possible insider trading.

Top stories

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project