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BUSINESS SHORTS

SPP nets Sk24 billion in 2006

SLOVAK GAS utility Slovenský Plynárenský Priemysel (SPP) posted a net profit of Sk24 billion (€706 million) in 2006, which is an increase of Sk3.6 billion (€107.5 million) since the year before, SPP executive board chairman Jan Massmann announced on May 29.

SPP's profit was largely influenced by the company's profits from financial operations, which were Sk6 billion (€180 million) higher than in 2005. The financial results were also positively influenced by higher interest rates in Slovakia, higher dividends from SPP's daughter companies and hedging operations employed to guarantee against currency risk.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.