CORPORATE BRIEFS

Energy producer SE suffers 1H99 loss of 3.28 billion crowns

State-owned monopoly power producer Slovenské Elektrárne (SE) made a loss of 3.28 billion Slovak crowns ($79 million) in the first half of 1999, largely as a result of exchange rate losses and financial costs of 5.36 billion crowns.

Despite the loss, the company's 1H99 sales went up slightly from 14.9 billion crowns to 15.44 billion crowns, thanks in part to an increase in regulated electricity prices which took effect on January 1. This development should continue in the second half of 1999 (a second price hike took effect on July 1).

As a result of a weaker Slovak currency in 1999, SE had to create almost 8 billion crowns in reserves against exchange rate losses.

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

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.