Fico has not accepted defeat in arbitration

Monday, 10. December 2012, 15:49

Slovakia lost the international arbitration over shareholder of Union health insurance company – Achmea.  Due to ban of profit, which was adopted by Smer during its first government, Slovakia must to pay € 22 million to Dutch company AchmeaAchmea, however, would probably did not pay any profit, because it reported only combined losses until last year. Last year, for the first time reported a profit of nine million euros. Robert Fico qualified the decision as not legally binding and added that no one will pay anything. Minister of Finance Peter Kažimír said that the decision is unenforceable.