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CORPORATE BRIEFS

Slovak Telecom turns 902 million Sk profit in 1998

Slovak Telecom (ST) made a net profit of 902 million crowns ($21 million) in 1998. Its operating income was 16.97 billion crowns, and its operating costs were 9.5 billion crowns. Štefan Bugár, vice-chairman of the ST Board of Directors, announced these results at a June 29 discussion forum on the telecom privatization.

Last year, ST made investments of 9.64 billion crowns, while shareholder equity slumped to 22.58 billion crowns as of December 31, 1998 from 24.74 billion crowns at the end of 3Q98.

Top stories

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Germans will distribute cars from Nitra’s JRL plant

The state-run freight carrier Cargo did not succeed in its bid, but is still discussing the distribution of suborders with the German firm.

Jaguar Land Rover’s construction site

Ministry: Law against puppy farms affects honest breeders

The recently passed law, clamping down on puppy farms will have serious consequences for honest dog breeders and state employees.

Illustrative stock photo.

Mihál leaving SaS

Behind his decision is disagreement with the stances of party chair Richard Sulík.

Jozef Mihál (l) and Richard Sulík (r)