transparency of Publicly owned enterprises in Slovakia

Slides:

Advertisements

Similar presentations

1 University of Economics of Prague Western Bohemian University, Pilsen Actual challenges of implementation of PPP projects in Czech republic Zuzana Khendriche.

Advertisements

    1 Liz Smith, EBRD The role of IFIs and the Principles of the Aarhus Convention UNECE 24 February 2011.

High Level Meeting of the State Ownership Authorities State as an owner – ownership policy, execution of state interests and fostering public-private dialogue.

The 2013 Resource Governance Index

KS BEDRIFT – KS Enterprises (The Norwegian employers’ organisation for locally owned enterprises) Organises more than 500 companies in the municipal and.

Health Policy and Social Enterprise in the UK

CHARTS TEXT X.D. Yang Managing Director Foreign Investment in China: The Private Equity Perspective Carlyle Shanghai Office.

PPP projects in Energy Sector and related issues State Property Committee May 15, 2012.

Monitoring Public Procurement Seminar on anti-fraud and anti-corruption in Slovakia Jan Ondrus, Bratislava,

1 Aggregate Resources Trust under the Aggregate Resources Act Recycling Council of Ontario January 20, 2010 Stuart Thatcher, Senior Policy Advisor Aggregate.

CV Keskus Trends and challenges of Estonia labour market. Recruitment in Estonia at a glance. Renita Käsper Recruitment Manager

Small-Scale Embedded Generation (AMEU and its Work Group Input) Gerrit Teunissen 18 April 2013.

SAP for Regional & Local Governments Dragan Španović Managing Director SAP West Balkans.

Working with EUROPEAID

IGCSE®/O Level Economics

1 Kiev July The OECD Guidelines on Corporate Governance of State-Owned Enterprises Mathilde Mesnard Administrator, Corporate Affairs Division Directorate.

1 INTOSAI September 2006 The OECD Guidelines on Corporate Governance of State-Owned Enterprises Mathilde Mesnard Economist Corporate Affairs Division Directorate.

Corporate Governance Corporate Governance in State-Owned Enterprises: Specific Problems & Possible Solutions Corporate Governance in State-Owned Enterprises:

HOW DOES REGIONAL POLICY SUPPORT THE DEVELOPMENT OF CLEANTECH SECTOR in Helsinki?

1 Governance, accountability and performance reporting in the public sector Des Pearson Executive in Residence August 2013.

-1- Policy for Effective Management of State-owned Enterprises in Latvia 5th-6th September 2011 Ljubljana Mr. Juris Puce State Secretary.

1 The role of the private sector in preventing corruption Arne Røed Simonsen Senior Adviser The Norwegian Business and Industry Security Council.

Shareholder Oversight “What Audit Committee Can Expect”

Sustainable Procurement Strategy Who is responsible?

Philippine SOEs: Towards Higher Standards of Governance Presentation to High-Level Meeting of the State-Owned Authorities 5-6 September 2011 Ljubljana,

PPP Legal & Regulatory Framework. PPP Policy In July 2008 GOK approved the PPP policy directive through which: PPPs are identified as a method for investing.

Energy efficiency in municipal infrastucture 29 July 2010.

- 11 June Anna Constable Adviser Internal Market BUSINESSEUROPE The Confederation of European Business Meeting with Norwegian delegation A. Constable.

INTRODUCTION TO PUBLIC FINANCE MANAGEMENT Module 4.3: Internal Control & Audit.

Ministry of Strategy and Finance of Korea Korea Development Institute (KDI) Economic Research Institute at the Bulgarian Academy of Sciences 2015/16 Korea-Bulgaria.

INTER-AMERICAN DEVELOPMENT BANK Business Opportunities IDB Financing in Latin America and The Caribbean May 2016.

REPUBLIC OF ALBANIA PUBLIC PROCUREMENT AGENCY Eighth Regional Public Procurement Forum May, 22-25, 2012 Tirana

M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Working Group for Chapter 5 – Public Procurement Bilateral screening:

Fiscal decentralization and transparency of municipalities in Slovakia Peter Golias INEKO Director May 28th, 2015 Chisinau, Moldova Seminar on “Financial.

CONSTRUCTION PROCUREMENT, CONTRACTING AND CONTRACTS MANAGEMENT IN GHANA PREPARED BY: SURV. OSEI AGYEMANG-BADU MSc, BSc, MGhIS. (PROCUREMENT SPECIALIST)

Empowering CROs to Navigate the Current Risk Management Culture – Learnings from CoE M KHUMALO.

Types of Business Organisation IGCSE Economics Chapter 4.1 The private firm as producer and employer.

Fiscal Performance Improvement in Afghanistan

Open Local Government Ranking of transparency in 100 Largest Slovak TOWNS and The examples of anti-corruption measures in Slovak municipalities Transparency.

Perspectives on the importance of Mining to National Economic Planning By: Innocent Madziva Deputy Director, Economic Modelling MEFMI candidate.

Infrastructure Investment at ADB

GERRY D. CONSTANTINO Director for Projects and Sector Advocacy Events

The Community, Voluntary and Charitable Sector

John Buckley Managing Director Carbon Footprint Ltd

Workshop on Regulatory Governance 7 April 2016, Riga, Latvia

how to Improve transparency level in municipalities

CORPORATE GOVERNANCE IN STATE OWNED COMPANIES

Indigenous and Northern Affairs Canada Leveraging Infrastructure Funds

Partner details: LP - SOFIA MUNICIPALITY BASIC INFO

Economic Survey Poland in the eyes of foreign investors

Peter Golias INEKO Director November 26th, 2015

Economic Survey Poland in the eyes of foreign investors

Protecting structural funds from corruption: The case of Slovakia

Transparency in Slovak municipalities

SUPERPOWERS OF PROCUREMENT DATA IMPORTANCE AND IMPACT OF OPENING DATA

Bribery Act 2010.

WATER UTILITY REFORM PLAN

COSATU’s Submission on the Medium Term Budget Policy Statement, 2014

BUSINESSEUROPE The Confederation of European Business

Cofindustria OVERVIEW OF THE WORLD BANK PROGRAM IN SERBIA

Water in Denmark From no economic regulation to regulation with benchmarking Tone Madsen – Head of Danish Water Regulator Authority.

Financial health of local governments in Slovakia and Moldova

Health Sector Governance Better Governance for Better Health Public Asset Management in Hospitals Ownership and Corporatization Mostafa Hunter.

Transparency of state, city and county owned companies in Slovakia

PRESENTATION OF MONTENEGRO

Do I Qualify for the Midsize Enterprise Program?

The EU Strategy for Adaptation to climate change

New tasks of the National Labour Inspectorate in Poland related to inspections of legality of employment.

Public procurement and Infrastructure implementation risk management

Presentation transcript:

transparency of Publicly owned enterprises in Slovakia Transparency ranking of Slovak Publicly owned companies Transparency International Slovakia, Jun 2019

A Risky area In Jun 2019 media publish a story about opaque contracts signed by the head of the Slovak MOE Východoslovenská Water Company The motorbikes (delivered through a private company of the director) Storage of waste (his brother´s company) Water engineering products (his cousin) Security services (cousin) etc...

A Risky area In 2015 Slovak SOE MH Invest contracted a lawyer for a legal dispute related to Gabčíkovo hydropower plant with the Italian company Enel SOE won - in 2017 media publish the story about a dream pay-out for the lawyer The lawyer should receive around €77 million for representing the SOE during an international arbitration (11% from value of dispute) – the published contract exposed An ordinary Slovak would have to work around 7 thousand years for the sum After strong criticism the lawyer agreed to reduce his pay-out to €17 million

Lack of transparency The number of state, region or municipality-owned enterprises unclear 81 of important SOEs and MOEs included in our 2015 Transparency ranking - 9.5 billion € (17 billion € – state budget) Important competences – health insurance, hospitals, broadcasting, post services, energy, railways, motorways, public transport, heating, waste disposal, etc. On the edge between public and private sector – lack of transparency

Transparency rankings

Transparency rankings Transparency rankings of companies fully owned by public sector: 2012, 2015 (81 companies – 46 SOEs; 31 MOEs; 4 ROEs)

Transparency ranking

Transparency ranking

Moldovan ranking

Moldovan ranking www.companies.viitorul.org/

Findings 49 in 68 Moldovan companies owned by public sector did not respond to the request of information lodged in compliance with the legal terms and conditions More than half of companies owned by public sector failed to publish not only the CVs of Management Board members, but also their names Three quarters of the public companies did not publish public procurement notices in 2017 on the website 20 public companies out of 68 have published on the website their annual reports for 2017 Moldovan public companies scored only a third of points (17%) comparing with sixteen foreign companies owned by public sector, which scored almost 59% in the ranking

Transparency rankings

International Comparison

Access to Information

Ethics

Grants and Sponsoring

Contracts

Different approach

“ Transparency matters In recent years, we have seen how corruption involving SOEs can cause serious economic and political damage and lead to a breakdown of public trust extending well beyond the SOEs themselves. This is why we need a concerted effort to stamp out corrupt and otherwise irregular practices in SOEs, as well as in government institutions exercising state-ownership rights. Angel Gurría, OECD Secretary-General, 2018

Thank you for your attention www.transparency.sk facebook.com/transparencysk twitter.com/transparencysk transparency.blog.sme.sk https://transparency.blog.sme.sk/ © 2019 Transparency International Slovakia