In the case of the construction of both parks, the state's companies, MH Invest, s.r.o. and Valaliky Industrial Park (VIP), s.r.o., failed, as did the Ministry of Economy itself, which insufficiently fulfilled its control tasks as their founder. Therefore, the state auditors recommend that the parliamentary economic committee intensify public scrutiny by requesting regular annual reports on the implemented expenditures and the fulfilment of objectives concerning preparing industrial parks. The SAO deputy chairman pointed out that the aim is a higher degree of public information and control in reparing the state's strategic investments. "This is big money and big expectations, so systematic public and parliamentary pressure on the executive management and compliance with the state's commitments is also necessary to prevent potential damage," Ivančo added.

The two projects also share other shortcomings. The audit team was not provided with any documents, analyses or studies that were used as a basis for concluding the investment contracts. The contracts with companies located in the parks show signs of unilateral advantage. In fact, contractual penalties are only threatened to the companies of the Ministry of the Economy of the Slovak Republic; investors are not threatened with any penalties for non-fulfilment of the contractual conditions.

Read the full text of the press release about this issue in Slovak language.