Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Foreign investors send record profits home

MAJOR foreign investors in Slovakia have sent record-high dividends to their home countries this year, the Pravda daily reported on July 6.

Dividends leaving Slovakia from U.S. Steel, the gas utility SPP, the Slovnaft oil refinery, banks, power distributors and small businesses, added up to Sk70 billion (€2.1 billion), the Slovenská Sporiteľňa bank reported.

"The economy is growing quickly, as are corporate profits," Slovenská Sporiteľňa analyst Michal Mušák told the daily. "So the outflow of dividends will probably not slow down in the near future."

The dividends came from last year's profits.

Mušák expects the amount of money ending up in the hands of foreign owners will rise in the future.

"Some big investments made in the recent past, such as by car-makers, will begin creating profits," he said.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4