BUSINESS BRIEFS

Stock exchange halts trading

For the first time in its history, the Bratislava Stock Exchange October 18 blocked trading in the shares of almost 500 firms for their failure to provide information about their financial results as required by a new Stock Market Law. After five of the blocked firms quickly supplied the details, trading in their issues was resumed.

Traders and stock exchange officials had expressed fears when the new legislation was first drafted that some companies operating on the exchange would not be able to easily fulfill all requirements on financial disclosure.

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