BUSINESS IN SHORT

SPF ordered to pay a Cypriot company

THE SLOVAK Land Fund (SPF) was ordered to pay a sum of about €60 million to a Cypriot company for bungled land transfers in Veľký Slavkov, the district court in Poprad ruled on March 26, the SITA newswire reported.

THE SLOVAK Land Fund (SPF) was ordered to pay a sum of about €60 million to a Cypriot company for bungled land transfers in Veľký Slavkov, the district court in Poprad ruled on March 26, the SITA newswire reported.

The Cypriot company requested damages from SPF because the fund had made a last-minute transfer of lands of restituents from southern Slovakia and sold them to GVM, a company reportedly close to the Movement for a Democratic Slovakia (HZDS), a member of the ruling coalition.

The private TV channel Markíza reported that Irene Spoerry is a principal in the Cypriot company and that a woman with the same name was alleged by Prime Minister Robert Fico to have been linked with the suspicious financing of the Slovak Democratic and Christian Union (SDKÚ).

The court’s order is not yet effective because the Slovak Land Fund launched an immediate appeal.


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