Spectator on facebook

Spectator on facebook

Strategic companies proposal is unconstitutional says KDH

The legislative proposal on strategic companies approved by the Slovak cabinet on October 28 is unprecedented and politically dangerous, opposition Christian Democrats (KDH) vice-chairman Daniel Lipšic told the TASR newswire on October 29.

The legislative proposal on strategic companies approved by the Slovak cabinet on October 28 is unprecedented and politically dangerous, opposition Christian Democrats (KDH) vice-chairman Daniel Lipšic told the TASR newswire on October 29.

Because the KDH believes the draft is at odds with the Constitution, the party is ready to submit a complaint to the Constitutional Court if the bill is passed in parliament, Lipšic said.

According to the draft, if a strategic company has financial trouble and finds itself under the threat of bankruptcy that could have serious consequences for various sectors, the government can intervene. This measure would be aimed at stabilising a company, explained Economy Minister Ľubomír Jahnátek who submitted the proposal.

The minister said that a strategic company is understood to be a company with production which influences other sector in the country or one that does business in the sphere of energy, network industries, waterworks engineering or sewage disposal. Such companies would have more than 500 employees or a have considerable social influence. The cabinet sees the draft as an anti-crisis measure, which - if passed by parliament - will be valid only until the end of 2010.

"This legislative proposal manifestly violates the constitutional right to property," said Lipsic, adding that the act would help speculators and dissuade decent entrepreneurs, with tax-payers footing the bill for dishonest speculation in the end. 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.

Top stories

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Blog: Environmental sustainability is the future for sustainability in business

A great example of how you can make a difference by sharing your passion with others: Ivana Maleš, co-founder of the Institute for Circular Economy, describes her journey from a blogger and promoter of the zero…

Illustrative stock photo

Developers in Bratislava withdraw applications for important investment statutes for their projects

J&T Real Estate and HB Reavis declare continuation in their projects without the statutes.

New development projects are going to change the skyline of Bratislava.

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.