Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Courts declared 303 bankruptcies in 2005

REGIONAL courts in Slovakia declared 303 companies bankrupt last year, just over 50 percent more than in 2004.

In Central and Eastern Europe only Croatia, Bulgaria and Estonia registered fewer bankruptcies. Courts in the Czech Republic declared 1,205 companies bankrupt, while in Hungary the figure reached 8,099.

"In total, companies filed 3,907 motions for bankruptcy, which is up 79 percent from 2004," said Peter Meier, the head of Coface Slovakia Credit Management Services, which collects similar data.

The courts rejected 1,035 of the total number of motions due to insufficient assets, a rise of 78 percent from 2004, the SITA news agency wrote.

Top stories

Employee of the ministry’s agency accused of corruption

If found guilty, the employee of the Agricultural Paying Agency may spend up to eight years in prison for taking a bribe.

Sagan wins first race of 2017 Video

The Slovak cyclist triumphed at the second race of the Belgian classics.

Peter Sagan

Queues rigged at foreigners’ police, say clients

Not our problem, say police, who blame ‘cultural specifics’ and ‘habits’ of foreigners.

Queue in front of the foreigners' police department in Bratislava.

Legendary Luna bar to reopen Photo

The programme in the bar will focus on retro and oldies.

Luna Bar in the Kyjev Hotel