Spectator on facebook

Spectator on facebook

Ano financed by party leader

LOOKING AT the financing of the New Citizen's Alliance (ANO) party, it truly seems to be a one-man business.
"Chairperson Pavol Rusko gives the most finances," said Jozef Heriban, member of the party's executive council. "Other sources of income include membership fees and money from sponsors, but members' contributions are the dominant source," he added.

LOOKING AT the financing of the New Citizen's Alliance (ANO) party, it truly seems to be a one-man business.

"Chairperson Pavol Rusko gives the most finances," said Jozef Heriban, member of the party's executive council. "Other sources of income include membership fees and money from sponsors, but members' contributions are the dominant source," he added.

Rusko said in an August 6 interview with the daily Sme that Ano has so far cost him around Sk25 million ($550,000). He also said he expected to provide further Sk10 to Sk15 million before parliamentary elections, set for September 20 and 21.

"I finance it [the party] from my own means, or together with my business partner Janko Kováčik," Rusko said.

"We have borrowed money from our own companies, but I have mostly used money from the sale of my ownership interest in Markíza," Rusko explained.

Rusko has confessed to paying a membership contribution of Sk14.8 million ($328,000). If this amount had been registered as a donation, Rusko would have to pay a tax of almost Sk2.5 million ($56,000), but by listing the money as a membership fee, Rusko avoided the tax duty, because party membership fees are exempt from taxation.

"Each crown that I put into the political party, I take away from my family. Do you want to criticise me for not using a way to take a further two million from them?" said Rusko in defence, adding that he has not broken any laws.

Rusko also said that other members had given tens of thousands, or even half a million to the party.

If Rusko is successful in reaching parliament, he will have to give up his business activities, a move he claims he is prepared to make.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo