Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Fico wants to buy gas sale concern

PRIME Minister Robert Fico wants to acquire 100 percent of the company that sells gas to consumers for the gas utility Slovenský Plynárenský Priemysel (SPP). He plans to agree on the acquisition of shares in the trade company of SPP with the prospective new co-owner of the gas utility, the Czech company Energetický Průmyslový Holding (EPH), which wants to purchase the minority stake currently owned by two investors from France and Germany. Yet, to realise the deal EPH needs the approval of the government, the Sme daily reported.

PRIME Minister Robert Fico wants to acquire 100 percent of the company that sells gas to consumers for the gas utility Slovenský Plynárenský Priemysel (SPP). He plans to agree on the acquisition of shares in the trade company of SPP with the prospective new co-owner of the gas utility, the Czech company Energetický Průmyslový Holding (EPH), which wants to purchase the minority stake currently owned by two investors from France and Germany. Yet, to realise the deal EPH needs the approval of the government, the Sme daily reported.

As gas supplies to clients are loss-making Fico can expect that EPH will give up its shares in the trade company and thus avoid any disputes with the government over gas prices. In exchange for the less lucrative assets the EPH might acquire a bigger share in the profit-making company responsible for gas transit, Eustream.

The cabinet should soon decide on the share sale.

Top stories

Developers in Bratislava withrdaw applications for important investment statutes for their projects

J&T Real Estate and HB Reavis declare continuation in their projects without the statutes.

New development projects are going to change the skyline of Bratislava.

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.

Four Slovak firms make it on the list of the fastest-growing IT technology companies

Deloitte has compiled the ranking of the companies for the EMEA region for the 17th time.

Four Slovak software companies made it to the Deloitte’s Technology Fast 500 rankings for EMEA.

Refinery collects used cooking oil

Its partner company processes it into a biofuel component for diesel.

People can dispose of used cooking oil at petrol stations.