Privatisation amendment put forward

THE SLOVAK cabinet on August 21 agreed on proposed changes to the law on strategic privatisations enabling further sale of shares in firms worth more than Sk80 billion (€1.9 billion).

The changes to the law would remove the need for the government to hold a majority stake - 51 percent - in strategic companies such as the gas company Slovenský plynárensky priemysel, energy company Slovenské elektrárne, and the oil transport company Transpetrol.

The state has kept majority stakes in railway companies, the Slovenská Pošta, state forests, and water companies. The new law has to be approved by parliament before it would come into law.

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