Spectator on facebook

Spectator on facebook

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.

Top stories

Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.