Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

SLSP privatisation contract published

THE FINANCE Ministry published a part of the deal under which Slovakia's largest retail bank, Slovenská sporiteľňa (SLSP), was privatised to Austria's Erste Bank in 2000.

The ministry has been under political pressure to publish the agreement with Erste Bank, the state-run news agency TASR wrote.

According to the contract published September 16 the ministry agreed to ensure that SLSP's commercial activities and business methods would not be subject to any unusual changes in the time between the signing of the contract and completion of the transaction.

The agreement also pledged that SLSP would not pay dividends or change its statutes during this period.

Erste Bank promised to keep, either directly or indirectly, a stake of at least 50 percent in SLSP for not less than five years.

Top stories

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Námestie Slobody square closer to facelift Photo

The Bratislava city council wants to revitalise the square by the end of 2018

The winning project for revitalisation of Námestie Slobody square

Slovak hockey league will not rest during Olympics

Unlike the Slovak premiere hockey league, Swiss, German and Russian leagues will take a break during the 2018 Winter Olympics.

Ice hockey is popular in Slovakia