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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.

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