Coalition agrees on further privatisation

RULING parties agreed on a plan for the further privatisation of strategic companies on December 1, the state-run TASR news wire reported.

The government is looking to sell further stakes in large firms, mainly energy companies. Most of the companies have already been partly privatised and sold to foreign investors, who now hold controlling 49 percent stakes in them.

Late November, President Rudolf Schuster vetoed a law that makes possible the sale of shares greater than 49 percent of strategic firms. However, Schuster will have no veto power if the law is approved a second time. The state's stakes in the companies are managed by the National Property Fund.

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