Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

FNM wants to sell heating firms

THE NATIONAL Property Fund (FNM), Slovakia’s agency that holds many state assets and deals with issues of privatisation, has decided that selling the country’s six largest central heating companies which it owns to private companies would be advantageous.

THE NATIONAL Property Fund (FNM), Slovakia’s agency that holds many state assets and deals with issues of privatisation, has decided that selling the country’s six largest central heating companies which it owns to private companies would be advantageous.

“Immediate proceeds from the sale are more beneficial from the fiscal point of view as well as in consolidation of public funds than the FNM’s long-term position in companies of only local importance,” the agency stated in its analysis of the economic benefits of retaining ownership and collecting dividends or selling the heating companies, the SITA newswire reported.

The FNM estimated that the privatisation process could be completed within a year if the government approves the sale of the heating companies in Bratislava, Žilina, Martin, Zvolen, Trnava, and Košice.

The market price of the six heating companies is estimated at €160 million to €200 million and the FNM said the sale should be handled through a bidding process.

Because prices for heat from the central heating plants will continue to be regulated, the FNM stated that privatisation would not negatively affect consumers, adding that private investors could best secure future investments in the facilities.

The government will deal with the recommendation only after the leaders of the four parties in the Coalition Council have discussed it, SITA wrote.


Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo