Spectator on facebook

Spectator on facebook

Privatisation of public transporters postponed

THE CABINET turned down proposals to sell shares of public transport company
Slovenská autobusová doprava (SAD) in the towns of Trenčín and Lučenec, as the bids presented at this week's cabinet meeting contained outdated information, news wire SITA reported.

The privatisation tender should be announced again, as new potential buyers have expressed interest in shares of the companies. However, the original bids first had to be rejected.

Privatisation of the two SAD companies was initially to have been decided in August last year. However, the previous cabinet delayed its final decision due to doubts about the winners of both tenders.

Originally, the VIA-UNI company, part of the Denisart group, wanted to buy a 49 percent share of SAD Trenčín for Sk93 million (€2.25 million).

Upon fulfilling the contract terms it would have been given a chance to acquire another 17 percent stake in the privatised company for Sk48 million (€1.16 million).

Žiar nad Hronom-based Powell s.r.o., a subsidiary of Slovagrotrans operating in freight transport, would have paid Sk58.67 million (€1.42 million) for a minority stake in SAD Lučenec. After meeting contract terms, it would have had the option to obtain another 17 percent in the company for Sk20.35 million (€491,000).

Compiled by Martina Pisárová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Product quality laid on the EU table

Concerns over the different quality of same brand products are confirmed, but will anything change soon?

Will shopping in supermarkets soon become a thing of the past?

Education minister fails to explain distribution of EU money

The opposition parties plan to initiate a no-confidence vote, the second against this minister.

Education Minister Peter Plavčan

Who will stand up for journalists in Turkish prisons?

Journalists living in countries where politicians (for now) do not send people to prison for their opinions, who only sigh in relief that they are lucky this story does not concern them, are deeply mistaken.

Protesters in front of the court building.

EU court’s advocate general proposes to dismiss quota lawsuits

Yves Bot rejects arguments from Slovakia and Hungary on the legality of the relocation plan.

Refugees at the border between Hungary and Serbia.