Spectator on facebook

Spectator on facebook

Fico refuses to allow cabinet to discuss SPP share sale

The Slovak cabinet declined, at its session on Wednesday, October 17, to discuss the transfer of the 49-percent stake in Slovak gas utility SPP owned by French and German companies to Czech energy concern Energetický a Prúmyslový Holding (Energy and Industrial Holding (EPH)), the TASR newswire reported.

The Slovak cabinet declined, at its session on Wednesday, October 17, to discuss the transfer of the 49-percent stake in Slovak gas utility SPP owned by French and German companies to Czech energy concern Energetický a Prúmyslový Holding (Energy and Industrial Holding (EPH)), the TASR newswire reported.

The move came after the two stakeholders – Germany's E.ON Ruhrgas and France's GDF Suez – who despite their minority stake have management control of SPP, failed to withdraw by 10:00 on Wednesday their proposal for a hike in household gas prices of between 18 and 25 percent for next year. The deadline was set by Prime Minister Robert Fico on Tuesday.

The shareholders explained their stance in a letter to the government, but the prime minister was unmoved. He reiterated that unless the minority shareholders vowed to indicate what he called "a 0.00 percent rise" in gas prices, the cabinet would not debate a proposal by the two companies to sell their share in SPP to EPH.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Police detain another person in promissory notes case

Ex-director of private broadcaster TV Markíza, Pavol Rusko, was detained shortly after being heard.

Pavol Rusko

First 500 jobseekers start training to work in automotive jobs

Neither labour offices nor the automotive industry dare to estimate to what extent the project will be successful.

For a Decent Slovakia organise another protest for June 22

At the same time, they are suing ex-PM Robert Fico, in response to his statements made during the protest rallies in February, citing fear-mongering and defamation.

For a Decent Slovakia represenattives - L-R: Lukáš Füle, Karolína Farská, Juraj Šeliga and Veronika Bruncková - filed a suit against ex-PM Robert Fico June 15.

Construction of the longest tunnel in Slovakia gets complicated

Érsek considers delays in construction of the cross-country highway to be unacceptable.

Western portal of the Višňové tunnel