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Slovak government to seek investor for bankrupt Slovglass company

Boosting the social and economic situation in Poltár, located in Banská Bystrica Region, was the main issue discussed during the first away-from-Bratislava session of the government that was held on June 6, with Prime Minister Robert Fico promising to help the glassworks in the town that declared bankruptcy in 2011, the TASR newswire reported.

Boosting the social and economic situation in Poltár, located in Banská Bystrica Region, was the main issue discussed during the first away-from-Bratislava session of the government that was held on June 6, with Prime Minister Robert Fico promising to help the glassworks in the town that declared bankruptcy in 2011, the TASR newswire reported.

“Economy Minister Tomáš Malatinský held talks with Slovglass’ bankruptcy trustee this morning and he [Malatinský] was given a straightforward task ... to find a suitable investor,” stated Fico, as quoted by TASR, adding that an investor would receive state assistance to get the glassworks in Poltár running again.

Fico added that the government will be careful when looking for a new owner.

“I am repeating this,” he said. “We won't give money to new owners appearing from God knows where. This has to be a big company, an investor that is active in this sector, and that is interested in re-launching production in Poltár. The government is ready to help such a company provided that such an investor is found,” Fico added, as quoted by TASR.

Fico said each year he would like to set up about four meetings of the government away from Bratislava.

Having the sessions outside Bratislava was traditional during Robert Fico’s past government. While the government of Iveta Radičová also decided to move some sessions outside the capital only two such meetings took place while Fico’s first cabinet travelled outside the capital nearly 20 times.

Source: TASR

Compiled by Radka Minarechová from press reports
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