Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Nafta Gbely Reports 41 Percent Drop in Pre-Tax Profit in 1998

Gas Storage Company Nafta Gbely, a.s., reported a gross profit of 357.5 million crowns for 1998, down almost 41 % from 602.12 million crowns one year before. Its 1998 revenues totaled almost 5.1 billion crowns (up 36% y/y), while expenditures accounted for 4.73 billion crowns (up 50% y/y), according to data released by the company.

According to information available to SITA, three foreign investors - Canadian, US and French- are interested in capital entry in Nafta Gbely. The most serious is the Canadian bidder, Trans Canada Pipelines, while the others are Gaz de France and the US company of Enron. During his working meeting with Slovak Finance Minister Brigita Schmögnerová, French Foreign Trade Minister Jacques Dondoux stated that Gaz de France is ready to invest about 4 billion crowns into Nafta Gbely.

Top stories

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.

Wizz Air: Luggage changes have to wait until we train our staff

Clients of the Wizz Air airline will no longer have to pay for bigger hand luggage with a new service to be launched in late October.

Highways do not solve problems in hunger valleys

Recent analysis says that districts also need quality human capital, but the transport minister questions the results.

D1 highway, illutsrative stock photo