Spectator on facebook

Spectator on facebook

Proposed Slovak bill on strategic companies is modified

Parliament agreed, on the fourth attempt on Wednesday evening, November 4, to consider the bill on strategic companies in a fast-track legislative procedure, the TASR newswire reported.

Parliament agreed, on the fourth attempt on Wednesday evening, November 4, to consider the bill on strategic companies in a fast-track legislative procedure, the TASR newswire reported.

Economy Minister Ľubomír Jahnátek announced that ten modifications are to be inserted into the original draft presented last week. “We have defined more clearly that it is an anti-crisis measure, which means that it will be in effect only until October 2010. Secondly, it concerns only enterprises in bankruptcy,” the minister told TASR.

The bill will also contain a provision on an option to buy a problematic strategic company for a market price. The kind of enterprises that will be described as strategic companies will also change. The draft proposal states that if a strategic company gets into trouble and finds itself under the threat of an early bankruptcy that could have serious consequences for various other sectors the government can intervene and apply the principle of the right of first refusal.

This measure would be aimed at stabilising the company which would be subject to public offer at a later date to the business sector. Jahnatek said last week that a strategic company is understood to be a company whose production has an influence on other industrial production in the country or one that does business in the sphere of energy, network industries, waterworks engineering or sewage disposal. 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

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.

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.

Námestie Slobody square closer to facelift Photo

The Bratislava city council wants to revitalise the square by the end of 2018

The winning project for revitalisation of Námestie Slobody square

Slovak hockey league will not rest during Olympics

Unlike the Slovak premiere hockey league, Swiss, German and Russian leagues will take a break during the 2018 Winter Olympics.

Ice hockey is popular in Slovakia