Spectator on facebook

Spectator on facebook

Government to seek strategic partner for state-run Trenčín companies

The government will start looking for a strategic partner for state-run repair companies Vojenský Opravárenský Podnik Trenčín and Letecké Opravovne Trenčín, with legal consultancy costs reaching altogether €360,000 in 2013 and 2014. The state should remain a 100-percent owner of both firms, according to the document that the government will discuss on July 10. If the state does not find an investor, the companies will have to lay off hundreds of employees, the SITA newswire reported.

The government will start looking for a strategic partner for state-run repair companies Vojenský Opravárenský Podnik Trenčín and Letecké Opravovne Trenčín, with legal consultancy costs reaching altogether €360,000 in 2013 and 2014. The state should remain a 100-percent owner of both firms, according to the document that the government will discuss on July 10. If the state does not find an investor, the companies will have to lay off hundreds of employees, the SITA newswire reported.

Slovakia plans to rent the two firms over the following 20 years, the document shows.

“The economic situation of companies Vojenský Opravárenský Podnik Trenčín and Letecké Opravovne Trenčín is persistently unfavourable, therefore it is necessary to pass crucial decision over the future operation of the firms,” reads the document, as reported by SITA.

Both companies reported negative economic results over the past few years, while they have not realised any significant investments, the Defence Ministry said, adding that orders from the ministry represented about 80 percent of their total revenues.

Slovak Democratic and Christian Union (SDKÚ) MP Martin Fedor calls the Defence Ministry’s intention a form of hidden privatisation of military companies. He called on Defence Minister Martin Glváč on May 14 to explain to the deputies the planned steps, SITA reported.

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Daughter to father: I’m going to kill you

Children are often manipulated against their parents while authorities decide about divorces and custody.

Who will stand up for journalists in Turkish prisons?

Journalists living in countries where politicians (for now) do not send people to prison for their opinions, who only sigh in relief that they are lucky this story does not concern them, are deeply mistaken.

Protesters in front of the court building.

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.