Spectator on facebook

Spectator on facebook

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

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.