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BUSINESS BRIEFS

Coalition agrees on further privatisation

THE RULING coalition agreed to privatise the remaining stakes in the country's strategic companies at a Coalition Council session on June 10.

"There are several reasons to lift certain limitations set by the currently valid law [on strategic companies]," Prime Minister Mikuláš Dzurinda told the TASR news agency after the meeting.

In his opinion, there's "no need to hurry" with further privatisation of the national gas utility SPP. But it would be useful to relax the law that currently allows selling a maximum stake of only 49 percent in state-owned strategic companies in other cases.

"We agreed to lift this legal barrier. It does not mean that we are going to privatise everything automatically, but we will be seeking an agreement on further privatisation of each company individually," Dzurinda said.

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