Spectator on facebook

Spectator on facebook

Compensation for victims of unlicensed deposit companies in doubt

The process of compensating clients of bankrupt unlicensed deposit companies, who suffered damages when a series of such companies collapsed in 2002, has reportedly encountered a serious problem.

The process of compensating clients of bankrupt unlicensed deposit companies, who suffered damages when a series of such companies collapsed in 2002, has reportedly encountered a serious problem.

Finance Minister Ján Počiatek and his staff have said they do not know who should be compensated, and that no court or law has defined what an unlicensed deposit company is and who a damaged client is, the Hospodárske Noviny (HN) financial daily reported on February 25.

A source close to the Finance Ministry told the daily that Počiatek lacked the fundamentals to determine the volume of compensation which should be paid by the state. Ministry spokesman Miroslav Šmál confirmed that Počiatek would submit a proposal on the level of compensation by the end of this week. Šmál also said the proposal would not contain anything dramatic. HN

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

Tax evasion still causes problems

The state adopts several measures to curb room for tax evasion, but the effect of some is questioned.

Many firms find taxes too complicated to handle themselves.

UPDATED: Slovakia’s Kuzmina wins Olympic gold Video

The Slovak biathlete dominates the 12.5km race at this year’s Winter Olympic Games in PyeongChang.

Anastasiya Kuzmina

Slovakia ends last in its preliminary group Photo

Slovenia defeated the Slovak team on shootouts.

Slovak archaeologists discover a key to understanding the Maya Photo

Revolutionary laser technology has changed the view of current knowledge about the ancient Mayas. Slovak experts' findings are part of a major breakthrough in Maya archaeology.

Slovaks participate in a major breakthrough in Maya archaeology.