PMÚ advises against memorandum with Swedish firm

THE SLOVAK Antitrust Office (PMÚ) advised the government not to approve a memorandum between a Swedish company Swedwood and the Slovak Republic.

The memorandum was supposed to guarantee annual supplies of 150,000 cubic metres of spruce for ten years from state forestry company Lesy SR, the SITA news wire reported.

"The Antitrust Office agrees with the Agriculture Ministry, according to which this kind of process could deform competition, and it would be non-standard," said Finance Minister, Ivan Mikloš.

He added that the material was withdrawn from the meeting of ministers with economic portfolios at the request of Economy Minister Pavol Rusko.

Rusko wants to hold discussions with representatives of the Antitrust Office and the Agriculture Ministry.

The Antitrust Office analyzed the memorandum on the basis of a decision from a meeting of ministers with economic portfolios in May, when the Agriculture Ministry expressed its reservations towards the concept of the memorandum.

According to PMÚ, this kind of a long-term guarantee of spruce supplies to Swedwood could restrict other wood processing companies' access to the wood supply and that could cause their elimination from the market.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Investors pursued projects and transactions despite the virus

Investors pursued projects and transactions despite the virus. Check out the 2020 investment highlights from Slovakia.

The visualisation of new Istropolis building

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.