CABINET has decided not to compensate 265,000 Slovaks, or according to Deputy PM Ivan Mikloš "five percent of the population", who lost money in the spectacular crash of several savings and loans funds last month. Meanwhile, the Košice regional court declared bankruptcy on the BMG and Horizont firms, allowing a bankruptcy trustee to step in and stop owners from selling off lucrative assets. Last week the S & L firms sold off three popular magazines, assets which now cannot be used to repay clients.
18. Mar 2002 at 0:00 | Compiled from Slovak press reports