The Capital City accounted for illegally the O. Nepela Stadium comprehensive reconstruction debt

Bratislava, September 25, 2020 - The comprehensive reconstruction of the Ondrej Nepela Winter Stadium in Bratislava worth almost EUR 100 mil was not covered in the Bratislava self-government budget and either in its contributory organisation budget - General Investor Bratislava (GIB).

The City and GIB thus acted in violation of the law when concluding contracts for the Stadium reconstruction. The Supreme Audit Office also points to the illegal solution of repaying the EUR 27 mil debt for the modernisation through capital expenditures. They can only be used for new investments, not repaying old debts.

As a significant shortcoming, the auditors also identified the incorrect accounting for the loan resulting in the public deception about the Slovak Capital real indebtness, but also circumventing the obligations when exceeding the legal 60% total indebtedness limit.

The national authority for external control will cede its findings to the organs active in criminal proceedings on suspicion the criminal offense of distorting the data in economic and commercial records were committed. Use the Google icon in the top bar for automatic translation.  

The full text of the press release about this audit in Slovak language is available here. Use the Google icon in the top bar for automatic translation.