Coalition agrees on further privatisation

Slovakia's four governing parties agreed on a plan for the further privatisation of strategic companies on December 1, the TASR news wire reported.

The government is looking to sell further stakes in large monopolies, mainly energy companies. Most of the companies have already been privatised and sold to foreign investors with the transfer of controlling stakes of 49 percent.

Late November, President Rudolf Schuster vetoed a law that makes possible the sale of more than 49 percent of shares in the monopolies. However, Schuster will have no veto power if the law is approved a second time.

The state stakes in the companies are administrated by the state privatisation agency, the National Property Fund.

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

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