BUSINESS BRIEFS

IRB sale to close in December

The privatisation of Slovakia's Investment and Development Bank (IRB) to Hungary's OTP Bank should be confirmed in the first week of December, Finance Minister Brigita Schmögnerová has said.

Cabinet on November 7 approved the sale of a 92.5% stake in the finance house for Sk700 million. OTP, founded 50 years ago, has market share of 23% in Hungary.

IRB posted a loss of Sk193 million for the first three quarters of this year.

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Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.