Spectator on facebook

Spectator on facebook

Fico: New facts emerge regarding SPP privatisation

New facts have emerged regarding the privatisation of the gas distribution company Slovenský Plynárenský Priemysel (SPP), it was announced on February 20. Fico, speaking after the cabinet meeting Wednesday in Bratislava, pointed out that the former government of Mikuláš Dzurinda (SDKÚ-DS) claimed that the SPP privatisation was an essential precondition to Slovakia's EU-accession process, the TASR wrote.

New facts have emerged regarding the privatisation of the gas distribution company Slovenský Plynárenský Priemysel (SPP), it was announced on February 20. Fico, speaking after the cabinet meeting Wednesday in Bratislava, pointed out that the former government of Mikuláš Dzurinda (SDKÚ-DS) claimed that the SPP privatisation was an essential precondition to Slovakia's EU-accession process, the TASR wrote.

According to Fico, the transaction documents include a pricing regime that guaranteed that the gas prices for households would at least be as high in 2003 as they were in 2002(when the sale was carried out). He also revealed that due to an expert estimate, the SPP value was Sk52.2 billion (€1.57 billion) before the privatisation, while after the transaction it was worth Sk168.7 billion.

According to the inevitable measures resulting form situation, Economy Minister Ľubomír Jahnátek is to make public by March 31 all contracts signed on behalf of Slovakia, to ensure that Slovak legislation hasn't been violated. Jahnátek is also to submit all documents regarding the inquiry into the SPP privatisation to the General Prosecutor's Office and to the Supreme Control Office (NKÚ) Chairman. Jahnátek will also file a request with the relevant court to investigate the decision of the former government made on March 14, 2002. TASR

Compiled by Zuzana Vilikovská from press reports

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.