Privatization in Slovakia occurred primarily in the 1990s as a result of the Velvet Revolution in 1989 and after the creation of Slovak Republic in 1993 due to the splitting of Czechoslovakia.
[2] The Minister for Privatization in the First Mečiar government was Ľubomír Dolgoš (HZDS), who was perceived as an independent economist.
According to Dolgoš, various Ministry offices did not work on preparing privatization but instead they were only concerned with how to find ways to give certain state-owned companies to certain people.
[3] In June 1993, after conflicts with Mečiar, Ľubomír Dolgoš resigned as a Minister and left the political party HZDS.
On 5 August 1996 the FNM Presidium President Štefan Gavorník said that the agency is preparing to privatize firms, including banks, under pressure from the ministers of agriculture, economy, and construction and public works, in spite of Prime Minister Vladimír Mečiar's written pledge to the Party of the Democratic Left (SDĽ), in which he guaranteed a halt to privatization.