CORPORATE BRIEFS

Slovak Railways losses rise to 9.31 billion Sk

After an inspection of its books and financial records, the 1998 losses of state-owned Slovak Rail (ŽSR) swelled to 9.31 billion Sk. The increase occurred when additional costs of 2.74 billion Sk were discovered.

The new total means that last year ŽSR lost 5.55 billion Sk more than projected at the outset of 1998. According to ŽSR spokesman Miloš Čikovský, the unfavorable results resulted mainly from uncovered losses from passenger transport and losses from financial operations.

According to police investigators in the eastern citry of Košice, however, the state railway's losses were partly due to the tunnelling activities of former ŽSR Director Bartolomej S. Investigators filed charges against Bartolomej S. in the last week of February, alleging that contracts signed by the railway in 1995, 1996 and 1997 did not involve public tenders and cost ŽSR far more than necessary.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

8 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

13 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

14 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

24. jan