Kažimír: Yield from the sale of Slovak Telekom to be used to reduce debt

The yield from the sale of the 49-percent state stake in the Slovak Telekom should ideally be used to reduce the state debt, Finance Minister Peter Kažimír said after the government session October 16. Stakeholders of the Slovak Telekom - the state and Deutsche Telekom AG – this summer agreed on drawing up a memorandum on a joint course of action that should set up the formal framework for co-operation of future shareholders, the TASR newswire wrote. The Economy Ministry on October 16 informed the government that working groups are currently preparing comments on the memo, which should stipulate conditions for the sale. Previously, there had been an assumption that this money would go toward the government’s intention to buy out the two private health-insurers, Dôvera and Union, en route to installing a single-payer state health system.

The yield from the sale of the 49-percent state stake in the Slovak Telekom should ideally be used to reduce the state debt, Finance Minister Peter Kažimír said after the government session October 16.

Stakeholders of the Slovak Telekom - the state and Deutsche Telekom AG – this summer agreed on drawing up a memorandum on a joint course of action that should set up the formal framework for co-operation of future shareholders, the TASR newswire wrote.

The Economy Ministry on October 16 informed the government that working groups are currently preparing comments on the memo, which should stipulate conditions for the sale. Previously, there had been an assumption that this money would go toward the government’s intention to buy out the two private health-insurers, Dôvera and Union, en route to installing a single-payer state health system.

The ruling Smer party has lost the image of a party that stands firm against privatisation, the opposition Most-Híd party’s Vice Chairman Ivan Švejna said in reaction to Kažimír, as quoted by the SITA newswire.

(Source: TASR, SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

10 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

17 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan