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IN SHORT OF BUSINESS

Wanted: advisor for sale of railway

THE TRANSPORT Ministry is looking for an advisor for the privatisation of a new railway freight transport company ZSSK-Cargo. The idea behind creating the new company is to separate passenger transport from freight transport, as the railway company ZSSK currently provides both.

According to the Pravda daily, firms interested in advising the state on the sale of ZSSK-Cargo may submit their detailed bids, and a committee is to shortlist the seven top candidates.

Last year's revenues of freight transport were around Sk16 billion (€401 million). However, the amount of assets to be transferred to the new firm remains unclear. The Transport Ministry hopes to earn Sk15 billion (€210 million) from the sale of ZSSK-Cargo.

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