Spectator on facebook

Spectator on facebook

IN SHORT

FNM prepares to shut down

SLOVAKIA's privatization agency, the National Property Fund (FNM), is preparing to close at the end of this year.

FNM president Jozef Kojda told the daily SME that, "this institution can close as of December 31."

It is expected that the FNM's assets will be taken over either by the Economy or Finance Ministries. The FNM is preparing the documents needed for the closure.

According to SME, the FNM's existing claims should either be sold or transferred to the bailout agency Slovenská konsolidačná.

The FNM was created in 1991 in order to administer the state's stakes in firms and oversee whether investors are meeting the commitments they made when buying the companies.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo