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Penta Group dismisses concern over SP buy

The financial arbitrage house Penta Group August 22 subscribed the entire 504 million crown ($10.4 million) offer in a second round capital increase at state insurer Slovenská poisťovňa, thereby raising its stake in the firm to 20.22%.

Management at the firm said that they did not intend to profit "unduly" from later selling their 20.22% SP stake. Penta has agreed with the state that it will sell its stake to an investor conjointly with the state's privatisation of its 67% share in SP.

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Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo