Slovak president appoints new transport minister after coalition shakeup
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
Slovakia's President Andrej Kiska reacts in Helsinki, Finland, October 21, 2015. REUTERS/Vesa Moilanen/Lehtikuva
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
BRATISLAVA (Reuters) - President Andrej Kiska named Arpad Ersek as Slovakia's new transport minister on Wednesday to shore up the governing coalition after a split in one of the four ruling parties.
Prime Minister Robert Fico's leftist Smer party won a second consecutive term in an election in March but lost its parliamentary majority and had to form a coalition with three other parties. The small central European nation currently holds the six-month, rotating presidency of the European Union.
The previous transport minister, Roman Brecely, resigned on Tuesday after his centrist party Siet (Net), part of the five-month-old governing coalition, saw five out of its seven members of parliament bolt over internal disagreements.
The five dissenters, who remain members of parliament, have asked to join another coalition partner, Most (Bridge), gutting Siet and changing the power balance within the government.
Fico's government is still backed by a majority of 81 lawmakers in the 150-member parliament. Apart from Smer and Siet, Fico's coalition is comprised of the centre-right Slovak National Party and the mostly ethnic Hungarian Most party.
With 15 lawmakers, Most is now as strong as the Slovak National Party and secured the right to nominate the new transport minister, Ersek, from its own ranks.
Smer, Most and SNS will sign a new, modified coalition agreement on Thursday, an SNS spokeswoman said.
The two remaining Siet lawmakers said they would continue to support the ruling coalition. "The coalition lost a member but came out more stable," said Marian Lesko, a political analyst from the Trend business weekly.
Slovakia has been a strong critic of EU attempts to stem the flow of refugees fleeing conflict from in the Middle East and North Africa, and has sued the EU over a quota system to distribute asylum seekers agreed by a majority vote last year.
(Reporting by Tatiana Jancarikova; editing by Mark Heinrich)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China top court rules in favor of Michael Jordan in trademark case
- Trump says union head who accused him of lying has 'done a terrible job'
- China's CIC head says Trump to be careful in considering tariffs when in office
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!