BUSINESS BRIEFS

Nemcsics: privatisation must go on

ECONOMY Minister Róbert Nemcsics hopes that his pending departure due to conflicts within his mother party, the New Citizen's Alliance (ANO), does not have any impact on foreign investors who have chosen Slovakia as an investment target, the daily SME reports. Nemcsics was particularly referring to the privatisation of Slovakia's power producer, Slovenské elektrárne (SE), which will be the state's last large-scale privatisation deal.

Nemcsics stated his hope that the privatisation plans would be kept, even after his departure.

"Regardless of how the situation at the Economy Ministry develops, we will continue the preparations for re-launching the privatisation process," Peter Mitka of PricewaterhouseCoopers, the privatisation advisor to SE, told SME.

The cabinet decided to begin a privatisation tender after Czech company CEZ had indicated its possible participation. So far, only the Czech firm has indicated interest in acquiring SE as a whole.

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