Bailout of public hospitals is suspended

Bailout of public hospitals, which should have been changed to join-stock companies, is now suspended. This was the decision of Ministry of Finance. The reason is the stoppage of transformation until the early elections in March. Originally there were € 350 million earmarked for the bailout of hospitals. Debts of 31 public hospitals represent approximately € 500 million. According to MoF spokesman the bailout of hospitals together with transformation into the joint-stock companies should have ensured more effective functioning of hospitals. But as he said, the change of management will not occur without the transformation.