Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Bourse changes SAX index structure

Slovakia's Bratislava Stock Exchange (BSE) said on February 1 it had changed the composition of its official 16-share SAX index after the regular annual revision of the index.

The new structure of the SAX excluded from the index three shares: wire producer Drôtovňa Hlohovec, construction firm Váhostav Žilina and heavy engineering company Považské Strojárne. These three were replaced by: packing materials firm Grafobal Skalica, shipmaker Slovenské Lodenice Komárno and paint producer Chemolak Smolenice.

"The main criteria for inclusion of issues into the (index) basis were the liquidity of shares in 1998... (and) the level of market capitalisation of the issue as of the last trading day in 1998," the BSE said in a statement.

The weight in the index was significantly changed for the issue of troubled steel maker VSŽ, to 11.42% from the previous 23.63%.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).