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Cargo money to offset debts

MONEY that the Finance Ministry acquires from the privatization of Železničná Spoločnosť Cargo Slovakia (ZSSK Cargo) is to be used to pay off other state railway companies' debts.

Transport Minister Pavol Propokovič expects proceeds from the privatization to range from Sk15 billion (€390 million) to Sk20 billion (€520 million), which should be enough to settle the companies' debts.

Economy experts consider the deal to get rid of the debts to be a positive move.

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