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

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska