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BUSINESS BRIEFS

SPP buyer known next year

An investor for gas company SPP may not be known until February next year, advisers on the sale Credait-Suisse First Boston has said.

The nine companies which have been carrying out due diligence in SPP will need more time to set up consortia, privatisation adviser Credit Suisse First Boston (CSFB) representative Matty Vengerik said November 19.

"We are advising the government not to let itself be pressed by time," he added. The original deadline for selecting an investor had been set at the end of this year.

Speaking at an investment conference in Bratislava November 19 Deputy PM Ivan Mikloš reaffirmed the government's commitment to selling off its largest companies, including SPP. He also said power company SE would be sold next year.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak