Spectator on facebook

Spectator on facebook

Prime Minister says customers of bankrupt deposit companies must wait

The current economic crisis is pushing aside the problem of compensating clients of bankrupt unlicensed deposit companies that collapsed in adomino effect in 2002. According to Prime Minister Robert Fico, the cabinet is dealing with this according to the approved schedule, but it now gives much more importance to measures to reduce the impact of the current economic crisis. Seven years have passed since the demise of the unlicensed deposit companies and their customers have not been compensated by the state, the SITA newswire wrote.

The current economic crisis is pushing aside the problem of compensating clients of bankrupt unlicensed deposit companies that collapsed in a
domino effect in 2002. According to Prime Minister Robert Fico, the cabinet is dealing with this according to the approved schedule, but it now gives much more importance to measures to reduce the impact of the current economic crisis. Seven years have passed since the demise of the unlicensed deposit companies and their customers have not been compensated by the state, the SITA newswire wrote.

The current government made a commitment to partially compensate them in its keynote address. Fico repeated the position of the government that what happened with these deposit companies was a shared responsibility of both the state and people.

"It is the people's responsibility for risking their finances and the state's responsibility for allowing such risks to be taken," Fico said.

In Slovakia, unlicensed deposit companies collapsed in a domino effect after BMG Invest closed its offices in February 2002. The collapse left thousands of victims who had deposited billions of Slovak crowns in these companies which had promised unrealistically high yields.

The victims have been calling on the Slovak government to compensate them for their lost deposits. They maintain that the government had enabled the unlicensed deposit companies to operate in Slovakia and that the government shared some responsibility for their collapse. According to police information, the collapse of the unlicensed deposit companies harmed about 300,000 depositors. 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

A Slovak prisoner tattooed in Auschwitz, remained silent until he grew very old

Lale Sokolov fell in love in the concentration camp; only those close to him knew his story.

A tattoo, illustrative stock photo

Kiska: Only president can bestow awards

President Andrej Kiska turned to Constitutional Court over the law on state awards recently passed by the government.

President Andrej Kiska granting awards, January 1, 2018

Global warming is a myth, claims a hoax

According to recent hoaxes published online, snow in the Sahara disproves global warming and milk can block airways.

The snowfall in Sahara can be seen in this satellite picture.

Blog: Are flying cars coming to the skies?

At least 19 companies, including a Slovak one, are currently developing flying car planes, but there are still many issues that must be worked out.

AeroMobil