BUSINESS IN SHORT

Government keeps Muňko

DUŠAN Muňko will remain at the helm of the state-run social insurer, Sociálna Poisťovňa, after the cabinet on September 5 reversed the previous government’s decision to sack him as general director, the SITA newswire reported.

DUŠAN Muňko will remain at the helm of the state-run social insurer, Sociálna Poisťovňa, after the cabinet on September 5 reversed the previous government’s decision to sack him as general director, the SITA newswire reported.

The cabinet reconsidered the decision of its predecessor after the Constitutional Court cancelled the decision of the Iveta Radičová cabinet from August 2010 to dismiss Muňko from his post. Radičová’s cabinet reasoned that financial management regulations governing the social insurer were severely violated under Muňko. The Constitutional Court ruled that the decision lacked legal reasoning.

Labour Minister Ján Richter has agreed with Muňko, who is a sitting MP for the ruling Smer party, that the state will pay him compensation of €106,000 in lost earnings. He said Muňko plans to give the money to charity, SITA wrote.

Muňko has also promised to give up his MP’s mandate by the end of September, so that he can “fully devote himself to managing the insurer”. He was reinstated soon after the court ruling.

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