Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Slovakia sued over talc mining

AN AMERICAN company, EuroGas, has announced plans to sue the Slovak government for damages of $1.65 billion in a dispute involving rights to extract talc from a mine in Gemerská Polomka that dates back to 2004, when Pavol Rusko served as the economy minister in the second government of Mikuláš Dzurinda, the TASR newswire reported.

AN AMERICAN company, EuroGas, has announced plans to sue the Slovak government for damages of $1.65 billion in a dispute involving rights to extract talc from a mine in Gemerská Polomka that dates back to 2004, when Pavol Rusko served as the economy minister in the second government of Mikuláš Dzurinda, the TASR newswire reported.

The firm’s board of directors passed two decisions to seek arbitration to resolve its claims against the government’s actions in 2004. Wolfgang Rauball, the company’s board chairman, told TASR that if Slovakia does not respond to the request for arbitration EuroGas is prepared to file a lawsuit with international courts.

EuroGas GmbH Austria, a wholly-owned subsidiary of US firm EuroGas, claims that the Slovak Mining Office in Spišská Nová Ves unlawfully deprived the company of its mining rights at the talc mine in Gemerská Polomka, one of the largest and purest talc deposits in the world, and instead gave the mining rights to a small domestic accounting company. Slovakia’s Supreme Court confirmed in May 2011 that the Slovak Mining Office had made an error in its decision.

EuroGas representatives have alleged that the action taken in 2004 was a clear case of money laundering, tax evasion and corruption, TASR reported.

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.