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| New law to restrict shell companies access to public tenders |
| Bratislava, 24.11.2014 |
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| An amendment to the Public Procurement Act approved by the cabinet on November 20 should restrict the access of these mailbox/shell companies to public tenders. The government wants to see the bill approved in parliament as soon as possible in order to enter into force as of January 1.
The bill will allow only companies that will be able to disclose their owners up to the level of private persons to take part in public tenders. The only exception will be companies listed on stock exchanges in the European Union, the European Economic Area or the OECD, and their subsidiaries, Smer officials told TASR newswire.
Bidders who provide false information regarding their ownership may be fined by €1,000-10,000.
“If a company features a public official holding more than 10 percent of the shares, this company will automatically be excluded from public procurement,” Prime Minister Robert Fico said.
However, the opposition members have some reservations concerning the bill. If it is approved in parliament, the public will not learn who owns half of Dôvera health insurer, Sieť party’s chairman Radoslav Procházka said at a press conference on the same day.
“The public has the right to know this mainly because such information may provide an answer as to why the Prime Minister, despite repeated promises, hasn’t come up with a unified health insurer – and never will,” said Procházka, as quoted by TASR.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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