Slovak state loses out on dubious warehouse contract

Slovakia is paying some EUR 100,000 a month for the lease of a warehouse, which is practically not being used at all, the Slovakian media reported – highlighting the latest real-estate scandal connected to government.

“The lucky company, called Armagedon, has seemingly been raking in some EUR 89,000 a month ever since [the contract was signed], for a four-storey building that has only been used to store palettes,” The Daily. SK reported March 25.

The daily reportedly uncovered the scandal, which dates back to 2008 when the contract was signed. Slovak National Party (SNS) backed Patrik H, who led the Geodetic and Cartographic Institute (GKU) at the time, allegedly involved the institute in the contract, adding a high penalty for the state, should it try to withdraw from the deal.

The contract for the warehouse, which is located in the southern Slovakian town of Liptovsjy Mikulas, runs out in 2057.