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

Mendoza: A news story can change the world

Every journalist has the responsibility to take a story beyond their daily beat, says Martha Mendoza, one of the team of four women who won the 2016 Pulitzer Prize for Public Service for their “Seafood from Slaves”…

Martha Mendoza

Czech television recommends Islam is a hoax

Here is the overview of the hoaxes and fake news that appeared on the internet over the past week.

Former MP František Gaulieder killed by train

Former MP František Gaulieder, who once was illegally excluded from parliament by HZDS and its chairman, was killed by a train near the village of Trnovec nad Váhom (in Nitra Region) in the early hours of March 25.

František Gaulieder back in 1996 hwen he was excluded from parliament.

Slovakia beats Malta in World Cup qualification Video

The Slovak team beat Malta on March 26 evening at the Maltese stadium in Ta’Qali in their third consecutive winning qualification match.

Slovak rejoice after scoring a goal in Malta, March 25.