Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

World Rare Earths Outlook 2025

November 4, 2025

Bitcoin slips below $100,000 for first time since June. Here’s where it might be headed next.

November 4, 2025

Unseen Matthew Wong paintings to debut in Venice.

November 4, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Business
Business

Pro-EU ex-minister beats Slovak PM Fico’s ally to set up run-off presidential vote By Reuters

News RoomBy News RoomMarch 24, 2024
Share
Facebook Twitter LinkedIn Pinterest Email
5/5

© Reuters. Election?posters show Slovak presidential candidates Peter Pellegrini and Ivan Korcok ahead of the presidential election, in Trencin, Slovakia, March 22, 2024. The posters read: “Let’s give Slovakia peace, pride and dignity” (Peter Pellegrini) and “To ser

2/5

By Radovan Stoklasa and Jason Hovet

BRATISLAVA (Reuters) -A pro-EU former Slovak foreign minister scored a surprise victory in the first round of a presidential election on Saturday, setting up a run-off vote with a key ally of populist Prime Minister Robert Fico.

Slovakia’s presidential election is a chance for Fico, whose views on Ukraine have angered critics for veering too close to Russia, to strengthen his grip on power. Opposition forces want a bigger counterbalance to his rule.

The government’s foreign policy shift, attempts to revamp the country’s criminal laws and clashes with media outlets have led to a series of protests and criticism from President Zuzana Caputova, 50, who has been a fierce opponent of Fico but did not seek a new term.

Ivan Korcok, 59, a career diplomat who was foreign minister in a past government, is seeking to follow her and won the most votes among nine candidates in the election’s first round.

His 42.4% share of the vote, with 99.7% of districts counted, was above 37.1% for Peter Pellegrini, 48, the parliament speaker who heads junior government party Hlas (Voice). The two will advance to a run-off on April 6.

A Russian-leaning former Supreme Court chief, Stefan Harabin, gained the third most votes at just 11.75%, after getting support from a nationalist party that is also in the government coalition. His voters could give Pellegrini a boost in the run-off.

Fico and his ruling leftist Smer party won a parliamentary election last September with pledges to halt military aid to Ukraine and maintain support for people hit by price surges.

Pellegrini, a former prime minister and ex-member of Smer, was a key figure in forming the coalition.

Korcok is seeking to prevent the government from gaining the seat of the president, a position that does not wield many executive powers but has a role in government and judicial appointments, vetoing laws and shaping public debate as the liberal Caputova has often done.

Voters in the past have often rejected giving ruling parties both the government and presidential offices, including Caputova’s win in 2019 when anti-corruption sentiment hurt Fico’s party, which was in government then.

“This election will show whether mass protests that have taken place in Bratislava and other major cities in recent weeks are also supported by people who usually express their disapproval at the polling stations,” said Radoslav Stefancik, a political analyst at the University of Economics in Bratislava, the capital.

SPLIT VIEWS ON UKRAINE

The war in Ukraine, high inflation and chaotic governance under an opposition-led coalition from 2020-2023 have polarised debate in the NATO and European Union member state.

Opinion polls before Saturday showed Pellegrini leading and being the likely winner in a run-off with Korcok.

Fico has abruptly shifted parts of Slovakia’s foreign policy, ending state military supplies to Ukraine – while still allowing commercial supply deals – and opening dialogue with Moscow even as the EU isolates the Russian regime.

Pellegrini has said Slovakia will remain anchored in the EU and NATO but, like Fico, says the conflict in Ukraine does not have a military solution and supports peace talks between Kyiv and Moscow – a stance Korcok and other critics say is capitulation when parts of Ukraine are occupied.

Fico’s coalition government has pushed criminal law changes that critics say weaken the fight against corruption. Caputova, as president, has challenged the changes at the Constitutional Court.

The government’s decision to shut a dedicated state graft prosecution unit was heavily criticised by the European Commission this week.

Fico’s administration is planning changes that will give it more control over public broadcaster RTVS, raising concern among advocates for press freedom. Korcok has criticised the government’s push for more power.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Bank of Israel quashes rate cut rumors

Should You Invest in Woodward (WWD)?

What to watch for at China’s Communist Party’s plenum

Jamie Dimon issues private credit warning: ‘When you see one cockroach, there are probably more’

European hostility could jeopardize Metro

Exclusive-Japan’s Rakuten weighing US IPO of credit card business, sources say

Dipan Mehta bullish on LG Electronics as GST cut boosts outlook

Kamala Harris doesn’t believe her presidential run was her finale: A glass ‘cliff suggests finality, and I’m not into that’

LevelBlue acquires cybersecurity co Cybereason

Recent Posts
  • World Rare Earths Outlook 2025
  • Bitcoin slips below $100,000 for first time since June. Here’s where it might be headed next.
  • Unseen Matthew Wong paintings to debut in Venice.
  • Medieval Tower Near Colosseum Partially Collapses
  • ‘It’s not complete without people’: the architect behind Art Week Tokyo’s see-through pop-up bar – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Bitcoin slips below $100,000 for first time since June. Here’s where it might be headed next.

November 4, 2025

Unseen Matthew Wong paintings to debut in Venice.

November 4, 2025

Medieval Tower Near Colosseum Partially Collapses

November 4, 2025

‘It’s not complete without people’: the architect behind Art Week Tokyo’s see-through pop-up bar – The Art Newspaper

November 4, 2025

Opinion: A deeper dive into Fed rate cuts and China trade reveals these investing ideas

November 4, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.