State assistance for Slovak mortgage debtors may start in 2010

The first debtors unable to repay their mortgages as a result of the economic crisis could make use of a newly introduced state assistance scheme beginning next year. The proposal for implementation of the state assistance scheme was approved by the Slovak cabinet at its session on September 30 which also stipulated that the Finance Ministry should finish the wording of the necessary legislative drafts by October 9, 2009, the SITA newswire wrote.

The first debtors unable to repay their mortgages as a result of the economic crisis could make use of a newly introduced state assistance scheme beginning next year. The proposal for implementation of the state assistance scheme was approved by the Slovak cabinet at its session on September 30 which also stipulated that the Finance Ministry should finish the wording of the necessary legislative drafts by October 9, 2009, the SITA newswire wrote.

Subsequently, banks should sign an agreement on joint action with the state bailout agency Slovenská Konsolidačná by November 6 of the same year. These are the conclusions of talks involving the Finance Ministry, the Slovak Banking Association and Slovenská Konsolidačná. The Cabinet approved the scheme of state assistance to people that will be unable to repay their housing loans as a consequence of the crisis in the middle of July, SITA wrote. 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.

Get daily Slovak news directly to your inbox

Top stories

Bödör reportedly paid €50,000 for non-prosecution of ex-economy minister's nephew

The former minister has reportedly met with the investigator who informed on the case.

Peter Žiga

Fico and Kotleba have not been fined for being maskless yet

The police are dealing with violent protesters, but no politician has been penalized for calling on people not to wear masks.

Ex-police chief Lučanský in handcuffs

He is one of the eight people facing charges after Operation Judas.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.