Cabinet hopes to complete ZSE privatization by year’s end

THE CABINET wants get about Sk15 billion (€385 million) from the privatization of 51 percent of energy distribution company Západoslovenská energetika (ZSE). Currently, only 49 percent of ZSE is in the hands of private investors and the rest is still in the hands of the state.

The daily Pravda discovered the information in a secret document submitted to the cabinet on October 5.

"The end of the year is realistic for finalizing the privatization of 51 percent if the contracts are signed as soon as possible,” Katarína Pecnová of Salans, the company that is acting as an advisor to the economy minister on the transaction.



Compiled by Marta Ďurianová 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.