Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Kažimír to represent Slovakia at ESM

FINANCE Minister Peter Kažimír will become Slovakia’s top representative on the board of governors of the European Stability Mechanism (ESM), the Finance Ministry announced on September 25, as reported by the TASR newswire.

FINANCE Minister Peter Kažimír will become Slovakia’s top representative on the board of governors of the European Stability Mechanism (ESM), the Finance Ministry announced on September 25, as reported by the TASR newswire.

The inaugural meeting of member-state representatives is set to take place on October 8. Member states must therefore send the credentials of their delegates to the administrative bodies of the institution by September 30. Kažimír was appointed as the cabinet member in charge of the country’s finances. Finance Ministry State Secretary Vazil Hudák is set to become Slovakia’s ESM deputy governor.

Hudák has also been appointed as a top representative on the ESM Board of Directors, with Finance Ministry European Affairs department director Robert Auxt as his deputy, TASR wrote.

The institution, which is currently being set up, will have three chief administrative bodies – a board of governors, a board of directors and a managing director. The voting rights of each member state depend on the volume of shares allocated to each country. Slovakia’s contribution to the ESM accounts for 0.824 percent of the approved capital of the mechanism, meaning that the country has 57,680 shares out of a total of 7 million.

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico