Spectator on facebook

Spectator on facebook

Malchárek: SE privatization pushed back to early 2006

THE PRIVATIZATION of a 66-percent stake in Slovakia's dominant power producer Slovenské elektrárne (SE) will be finalised early next year instead of by the end of the year, as originally agreed, Economy Minister Jirko Malcharek said on November 4, the TASR news wire reported.

"We certainly will not make the end-of-year deadline," said Malchárek, suggesting that early next year was more realistic.

The state privatization agency the National Property Fund (FNM) approved Enel's investment strategy for SE, but the completion of the transaction hangs in the balance. A number of issues are yet to be settled, including SE's unfavourable long-term contracts with clients such as aluminium smelter Slovalco and the EU-inspired closure of ageing reactors at the nuclear power plant Jaslovské Bohunice.

Slovakia signed a deal with Enel to privatize a 66-percent stake in SE for €840 million in February with opt-out clauses if either party is dissatisfied.

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

Top stories

The art of baking Bratislava rolls Photo

Vienna has Sacher torte, Budapest has Somlói galuska and Bratislava has rolls

Ján Šimunek loves Bratislava rolls, especially those filled with poppy seed.

Sagan shows impressive core exercises Video

The three-time world champion will start the new season in a month's time in Australia.

Peter Sagan

Slovak cybersecurity firm participated in global operation to disrupt malware system

Eset monitored malware and its impact on users over several years

UN committee: Slovakia still discriminates against Roma

Government should adopt measures to remove discrimination and segregation of the minority.

Moldava nad Bodvou