Rusko goes public with his defence

THE SLOVAK dailies SME, Pravda and Novy čas all published letters written by Economy Minister Pavol Rusko explaining how he paid off the controversial promissory notes worth Sk104.5 million (€2.68 million), the news wire TASR wrote.

"I'm legally allowed, even if I'm a minister, to be shareholder, owner of a private firm. I'm also allowed to invest according to how I see fit," Rusko's advertisement reads.

According to the advertisement, Rusko gained Sk100 million in 2000 for the sale of his share in TV Markiza. Being a shareholder in other companies, he earned additional income. By the time he entered politics, he had also made money by speaking at public functions.

Rusko says that the promissory notes served as guarantees for debts in the past, while some of the funds covered his future investments.

The text reads that he started to pay off the promissory notes on October 9, 2003, when he paid Sk6.125 million back to companies Norex Digital, www.markiza.sk, ZT Slovakia trading, Fajn Production and Lenox. On November 3, 2003, he paid off his debt of Sk19.294 million in three instalments to Minerfin. Also in November 2003, he paid off a personal debt of Sk10.6 million. The loan worth Sk28.5 million, which was created during 2003, was paid off in January 2004.

At that time, Rusko planned to found a new publishing company, on which he planned to use Sk40 million. However, the project was not realized, so he paid the money back.

"All the listed data are backed by relevant contracts and documents," Rusko says in his closing argument.

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

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.