IN SHORT BUSINESS

Rusko says SE will not be sold cheaply

ECONOMY Minister Pavol Rusko said on July 6 that there was a possibility that the Slovak power producer Slovenské elektrárne (SE) would not be privatised.

"If potential investors offer a low price for SE, I will recommend the cabinet not privatise the proposed 66 percent of SE shares," said Rusko.

He expects, however, that the investors will offer good prices.

The private news agency SITA wrote that, in Rusko's opinion, the cabinet's support for investors interested in the completion of the third and fourth blocks of the nuclear power plant in Mochovce will increase the price of SE. Rusko also said that three of the potential buyers were willing to complete this power station.

Investors must submit binding bids by July 21.

According to information published in the Slovak press, investors interested in purchasing both the conventional and nuclear assets of SE include the Russian company RAO UES, the Italian group Enel, and the Czech company ČEZ.

Get daily Slovak news directly to your inbox

Top stories

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar