Slovak parliament set to vote on key anti-corruption bill

By bne IntelliNews October 18, 2016

The Slovak parliament will decide on draft legislation aimed at clamping down on corruption in public procurement as soon as this week, local media reported on October 18.

Provoked by several corruption scandals in recent years – in particular connected to state road contracts and healthcare – the anti-letterbox law is heralded by NGOs as a potentially significant step in the fight against money laundering and the ‘tunnelling’ of public funds, TASR reports. The bill will establish a registry of public sector partners that can bid for public contracts.

Proposed by Justice Minister Lucia Zitnanska, the anti-letterbox law will cover all public contracts, including those issued by the healthcare system and state companies.

"The approval of a good anti-letterbox law is extremely important. It is a key law in the field of preventing money laundering, reducing the scope of corruption and detecting those currently ‘tunnelling’ public funds through various state orders or front companies. The draft law fully conforms to requirements asserted by the Jingle for Change initiative,” said Juraj Rizman, coordinator of the initiative which features several NGOs.

The public sector will be able to provide public funding and trade only with verified business entities listed in the online registry.  Lawyers, tax consultants, notaries and banks will need to verify the names, and they will be responsible for the accuracy of the information.

Companies facing challenges will have to prove in court that their record is correct. Failure to convince the court will result in dropping off the list and sanctions.

Related Articles

Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge

Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more

Druzhba oil flow to Slovakia and Hungary is renewed

The oil flow from the Russian Druzhba pipeline was renewed late on August 19. “The flow of oil to Slovakia is standard at the moment,” the country’s Minister of Economy Denisa Saková (Hlas) ... more

US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant

US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant (HPP) on the Danube ... more

Dismiss
liveChat() ?>