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CORPORATE BRIEFS

J.P. Morgan to lead manage SE eurobond issue

Energy utility Slovenské Elektrárne (SE) announced on September 7 that J.P. Morgan would be the chief manager of its upcoming eurobond issue. SE chose J.P. Morgan from among 16 participants in an international tender. The state-owned utility has announced neither the volume nor the date of the planned bond issue.

Slovenské Elektrárne ended the first half of this year with a massive 3.3 billion crown loss, compared with a profit of one billion crowns for the same period in 1998. The result chiefly reflects 1H99 losses from financial operations, which jumped from 0.5 billion crowns in 1998 to 5.4 billion crowns this year because of a rapid fall in the value of the Slovak crown.

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