BUSINESS IN SHORT

Ministry nixes rail holding firm

THE TRANSPORT Ministry has discarded a plan developed by the previous government to form a holding company called Slovenské Železnice that would have clustered Slovakia’s three ailing state-owned railway companies, while retaining the independent legal status of each firm, the SITA newswire reported.

THE TRANSPORT Ministry has discarded a plan developed by the previous government to form a holding company called Slovenské Železnice that would have clustered Slovakia’s three ailing state-owned railway companies, while retaining the independent legal status of each firm, the SITA newswire reported.

The ministry stated that neither it nor the European Union institution favour the plan tailored by former transport minister Ľubomír Vážny. Current ministry officials prefer three separate companies, saying this enables more transparent funding and better conditions for open competition which will increase quality demands and reduce costs, according to Ľubomír Tuchscher, the director of the Transport Ministry’s PR department.


Get daily Slovak news directly to your inbox

Top stories

News digest: Weekend testing will be possible on buses as well as in companies

Numbers of victims of human trafficking is alarming. Coronavirus spreads among homeless people in Bratislava.

14 h
Illustrative stock photo

More aggressive COVID strain probably dominant in Slovakia. It is not necessarily bad news

Virologists report they have found that the B.1.1.7 strain, first detected in the UK, is dominant in the samples from Trenčín.

20. jan
Gabriel Šípoš

I receive more hate mail than I used to, says outgoing transparency watchdog director

Gabriel Šípoš leaves Transparency International Slovakia after 11 years. Slovakia has gone a long way in transparency, he says.

20. jan