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SE asks for loan backing

The electricity utility Slovenské elektrárne (SE) has asked the state for a Sk7 billion ($145 million) loan guarantee for next year to back the Sk17 billion it must repay in 2002 and the Sk11 billion it must still borrow before the end of 2001. SE has also said that if the government does not raise electricity prices as planned January 1 next year, the firm will lose at least Sk3 billion. Economy Minister Ľubomír Harach promised earlier this week the prices would not be increased.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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