Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Vážny appointed new deputy PM

AMID a nationwide teachers’ strike and struggling with the state budget, the cabinet of Prime Minister Robert Fico grew in number on November 26 when Ľubomír Vážny, a former transport minister, was appointed deputy prime minister for investment.

AMID a nationwide teachers’ strike and struggling with the state budget, the cabinet of Prime Minister Robert Fico grew in number on November 26 when Ľubomír Vážny, a former transport minister, was appointed deputy prime minister for investment.

Vážny’s responsibility will lie mainly with the coordination of large investment projects with estimated costs of over €1 billion, as well as the supervision of large investment projects with expected costs of less than €1 billion based on the government’s agreement, the SITA newswire reported.

The deputy prime minister for investment will also cooperate in coordinating the use of EU funds in the 2014-2020 programming period, as well as preparation of the Partnership Agreement for 2014-2020 at the national level, i.e. activities covered by the Transport Ministry. For this reason, Vážny is to become the deputy chair of the Cabinet’s Partnership Agreement Council, SITA wrote.

After his appointment to the position, Vážny said it would be necessary to adopt a strategy of long-term economic development of Slovakia and also said his ambition is that this strategy would not only be approved by the cabinet, but also supported by the entire political spectrum.

Another duty of the deputy prime minister for investment will be to assess whether major investment projects are realistic and necessary, as well as to present to the cabinet feasibility studies of specific proposals and funding proposals for their construction. Additionally, he should develop a strategy for the economic development of Slovakia, which should include the concept of development programmes for the economy. According to Vážny, it will be important to adjust the terms for better use of EU funds, which should be simplified, accelerated, and free of red tape, SITA reported.

Top stories

Investigator: We have cases where parents have sold their own daughters for sex Photo

The price of a human when trafficked on the black market is between €3,500 and €20,000.

Adrián Begáň

Writer Patrick Ness will meet readers in Bratislava today

Acclaimed author and screenwriter of the recently adapted novel A Monster Calls arrives in Bratislava to introduce his book More than this.

Patrick Ness

Not now, Scots told by UK

Scotland's pro-independence leader may secretly be relieved not to have to stage referendum while Brexit underway

Nicola Sturgeon

A firm’s owner can impede generational succession

Seven key ways to deal with transition of a family business.

Family business, illustrative stock photo.