Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Power producer improves losses to 1.87 billion Sk

State energy utility Slovenské Elektrárne closed the third quarter of this year with a loss of 1.87 billion Slovak crowns ($45 million). Over the same period of 1998, the company earned a profit of almost 936.8 million crowns. Losses from financial operations contributed the most to the negative economic performance, climbing from 1.3 billion crowns in January to September, 1998, to 4.5 billion crowns in the first three quarters of this year.

The company originally projected losses at 4.6 billion crowns for 1999, a target that counted on prices for electricity remaining stable at the level of January 1, 1999. However, power prices swelled 35% for households and 5% for corporate entities as of July 1, bringing a significant inflow of unexpected revenue into SE's coffers.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).