Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Mečiar minister faces graft charges

INVESTIGATORS have charged the Mečiar-era economy minister Karol Česnek and seven former top officials of the National Property Fund (FNM) with fraud and abuse of power.

The Mečiar-era privatizers are accused of embezzling vast sums from the company DMD Holding between 1994-1998 and of depriving the state of Sk5 billion (€120 million).

Česnek, on behalf of the Economy Ministry as a DMD shareholder, ordered the transfer of shares from former heavily indebted arms producers ZŤS Martin, ZŤS Dubnica nad Váhom, and ZVL Dubnica from the Economy Ministry to the accounts of DMD Holding.

Interior Minister Vladimír Palko believes that the investigation will bring further charges. The daily SME reported that a former deputy from Mečiar's Movement for a Democratic Slovakia party, Milan Rehák, may also be charged.

Top stories

Roma segregation - Slovakia’s evergreen problem

Amnesty International slams Slovakia for discriminating against minorities and for hate speech in its annual report.

JLR plant, cheap mortgages alter market

In the sector of industrial real estate attention is focused on Nitra and its vicinity, where Jaguar Land Rover (JLR) is building a new plant.

Slovak drama of the early 20th century goes English

Visual art, dance and music are universal means of expression; drama, on the other hand, is determined and limited by the language it is performed in. To offer the world at least a taste of Slovak drama, the Theatre…

L-R: Diana Mórová (Eva), Kamila Magálová (Matka), Ján Koleník (Bača Ondrej) in Ivan Stodola's play Shpeherd's Wife in the Slovak National Theatre

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.