Spectator on facebook

Spectator on facebook

State could pay for delay in Mečiar bonds

The one-year delay in the redemption of FNM (National Property Fund) bonds, approved by Mečiar's government in 1995 as compensation for the cancelled second wave of voucher privatisation, will likely cost the state tens of millions of crowns, the daily Pravda wrote on December 12.

The one-year delay in the redemption of FNM (National Property Fund) bonds, approved by Mečiar's government in 1995 as compensation for the cancelled second wave of voucher privatisation, will likely cost the state tens of millions of crowns, the daily Pravda wrote on December 12.

The FNM redeemed a security in the par value of Sk10,000 at the end of 2001. The Irish firm Jojan appears to be heading towards a victory in its lawsuit against the fund, for late interests on behalf of bond holders, the daily wrote. If it is defeated, the FNM would lose tens of millions of crowns.

The FNM is aiming for a cheaper out-of-court settlement.

-SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

Regional authority stops money for school that warned against fascists

Though there is no obvious link between the criticism and the decision to scrap the subsidy, there are some indications.

Marian Kotleba

Eight Tatra peaks in 27 hours

The man from Košice ended up before his goal due to health problems.

Richard Zvolánek

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival