CORPORATE BRIEFS

Gaz de France ready to put 4 billion crowns in Nafta Gbely

At a meeting with Slovak Finance Minister Brigita Schmognerová on April 1, French Minister of Foreign Trade Jacques Dondoux stated that gas company Gaz de France is prepared to invest 4 billion crowns in Slovak gas storage company Nafta Gbely.

The French minister also presented the interest of France Telecom to invest in Slovak Telecom. The Slovak government has announced the desire to see a foreign investor enter into this state-owned company this year.

Dondoux also reiterated the interest of France to take part in the construction of the Bratislava metro. As he said the French side offers an 18- month grace period for installments of the loan provided for the metro construction. The Slovak minister informed him that the Slovak government has no sources to subsidize the construction of metro and will provide no state guarantees for the foreign loan destined for its construction.

In August 1996, the national privatization agency FNM sold 45.9% of Nafta for 500 million crowns although the market value of the package at the time of sale was over 3 billion crowns.

The FNM has since transferred 40.9% of the company back to its account, but is looking to reprivatize the share soon.

Get daily Slovak news directly to your inbox

Top stories

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar