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CORPORATE BRIEFS

Slovnaft to begin investor talks in October

Oil refiner Slovnaft hopes to begin talks on the entry of a foreign partner into the refinery in the second half of October. Slovnaft wants to offer a strategic partner a 34% stake in the company, under the supervision of investment bank Solomon Smith Barney.

Slovnaft is majority owned by a management company called Slovintegra, which holds a 54% stake.

In the first half of 1999, Slovnaft's sales were 15.7 billion Slovak crowns ($390 million), of which exports accounted for 63%. Slovnaft reported losses of 2.95 billion crowns in 1H99, mostly due to the creation of 3.82 billion crowns in reserves on forex losses. Operating profit fell to 1.04 billion crowns, 540 million down from the same period last year.

Slovnaft's key investment project, a heavy-oil processing operation known as Environmental Fuel Project Apollo (EFPA) has been put into partial operation. EFPA, which will cost a total of $526 million, is scheduled to be finished by the end of the year, and is expected to put Slovnaft among the ten most modern refineries in Europe.

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EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár