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ECONOMIC BRIEFS

Slovakia says two options for Slovnaft stake

Slovak Finance Minister Brigita Schmögnerová said on April 18 she would hold further talks over a controversial EBRD stake in Slovakia's Slovnaft oil refiner, but promised that the issue would not be resolved before the end of the week.

The European Bank for Reconstruction and Development (EBRD) took a 10.5% stake in Slovnaft in 1995 by buying half the refiner's $113 million issue of global depositary receipts. The EBRD effectively paid 1,000 crowns per share and was angered when the Slovak state privatisation agency, the National Property Fund (FNM), soon afterwards sold 39% of Slovnaft to a management-led group for an implied price of 156 crowns. The EBRD wants the FNM to buy back its stake.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.