BUSINESS BRIEFS

OTP wants 100% of IRB

The largest Hungarian bank, OTP Bank, has said it wants a 100% stake in Slovak finance house IRB.

OTP was due to sign a contract on the purchase of a 92.55% stake in IRB on December 7. But OTP deputy general director Laszlo Wolf told the Hungarian daily Het that the bank would offer to buy the remaining 7.45% from minority shareholders.

The Hungarian bank will pay $14 million for the 92.55% stake.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia opens more testing sites

Slovaks smoke less than 10 years ago. Former tennis player who skipped the vaccination line helped at a hospital.

Journalists' dilemma over the case of the charged Jaroslav Haščák

Investigative reporter Adam Valček writes about what he learned during the Kuciak murder trial and how it applies in the case of the charged co-founder of Penta.

Jaroslav Haščák

Drop in car production lower than expected

Carmakers manufactured 11 percent less cars than in 2019.

Carmakers in Slovakia also produce electric battery and hybrid car models.