Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Mečiar: 4 banks should merge

Premier Vladimír Mečiar suggested on June 16 that Slovakia's four largest financial houses should merge into two, proposing that VÚB and Slovenská Sporiteľňa (SLSP) become one twin and the IRB and Slovenská Poisťovňa (SP) as the other. Mečiar justified the proposal by saying that "these banks are losing market position to foreign banks." Three of the biggest financial houses - VÚB, the largest commercial bank, SLSP, the largest savings bank, and SP, the largest insurer - are controlled by the state through the National Property Fund (FNM) privatization agency. "Mergers of these Slovak banks would improve their competitiveness in the light of Slovakia's integration [into] the EU and the OECD," admitted NBS spokesman Ján Onda. "[But] so far there is no such plan that the central bank knows about."

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.