SPP must terminate consultation contracts

THE ECONOMY Ministry announced on January 22 that it had agreed with Gaz de France and Ruhrgas, the minority shareholders of gas utility SPP, on the immediate termination of controversial contracts worth Sk1.2 billion (€29.2 million).

Gaz de France and Ruhrgas have a 49 percent stake in SPP and the state remains the firm's majority shareholder. The consultation contracts, according to which the minority shareholders' mother firms would provide expertise to SPP, were signed without the approval of SPP's supervisory board, where the state has a majority of votes.

So far, Sk280 million (€6.88 million) has been paid for the services. After talks with the shareholders, the Economy Ministry agreed that all further payments would be stopped, Economy Minister Pavol Rusko said.

The Slovak daily Pravda wrote on January 23 that new contracts would be drafted by February 10 and that the maximum payments through them would be "several hundred millions crowns lower", according to Rusko.

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.