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Final price for VÚB to be set

Closing day on a purchase deal allowing Italian bank IntesaBci to take an almost 95% stake in Slovak state bank VÚB was to be known by the end of the third October week; the proposed price of 550 million euros may be adjusted upward or downward on the basis of Intesa's recent audit of VÚB.

The finance house, the second largest in Slovakia, was sold in June this year. It was the second of three state banks to be sold off following the successful December 2000 sale of Slovenská sporiteľňa. The third, IRB, has attracted a $14 million bid from Hungary's OTP Bank.

Top stories

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

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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.

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Carmakers in Slovakia produced more than one million cars last year

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