TELECOM NOTES

Globtel reports FY98 loss of 2 billion Sk

Globtel GSM reported a projected loss of 2.081 billion Slovak crowns on revenues of 4.1 billion crowns in 1998. Exchange rate losses of 2.5 billion crowns, as well as the necessity of creating 452 million crowns in reserves against future currency devaluations, had the greatest impact on Globtel's bottom line.

Globtel Financial Director Juraj Koman said he expected 1999 results to be in the black, even though the company's business plan did not call for profit until 2001. Koman said that the "unexpected interest of the public in the services of Globtel GSM" were behind the sooner-than-expected profits.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia still dealing with the loss of its talent

Economy minister promises extensive support for hydrogen technologies in Slovakia. Far-right supporters protested in front of PM’s house during the weekend.

The far-right ĽSNS organised a protest in front of PM Igor Matovič's house in Trnava.

Hospital manners expose the toxicity of Kollár

Unjustified privileges overshadow some good news of the coalition's work. Halloween testing will not be repeated during advent time.

PM Igor Matovič (l) and Speaker of Parliament Boris Kollár

Sulík’s party benefits from the dispute with PM Matovič

The Hlas party of former PM Pellegrini is rising, too.

Economy Minister Richard Sulík (l) was charged by PM Igor Matovič (r) to purchase millions of antigen tests.

Anyone can publish a book. Authors often avoid publishers

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.