Spectator on facebook

Spectator on facebook

IN SHORT

National Property Fund gets advice

A FINANCIAL company, Benefit Finance, will advise privatization agency National Property Fund (FNM) in the sale of claims amounting to Sk10 billion (€256 million), the SITA news agency wrote. Benefit Finance won the engagement through a tender process.

"The whole public tender procedure will be in line with the Commercial Code," FNM president Jozef Kojda said. The privatization agency would like to complete the sale of its claims package by the end of the year.

FNM vice-president Daniel Végh said the agency was unable to claim its rights in some cases where it has a creditor position. "That's why we are selling some claims," he said.

Kojda stated that the recovery rate of claims in the FNM portfolio ranges from 2 to 100 percent. "In bankruptcy proceedings, the FNM reached a maximum recovery rate of 80 percent; however, in some cases it was almost zero," he said.

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico