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CORPORATE BRIEFS

Slovak Telecom becomes joint stock company

Slovak Telecom (ST), the state-owned fixed telephony monopoly, was transformed into a joint stock company with 100% of shares owned by the state, the Ministry of Transport, Post and Telecommunications said on December 30. ST had been preparing for this transformation since a 1995 government resolution. The newly formed ST joint stock company is now preparing for the entrance of a strategic partner, probably a large European operator with significant financial means and know-how. ST's monopoly on the Slovak market expires in 2003, and the company has repeatedly urged the ministry to approve its transformation without delay, in order that upgrades can be made in time to meet the competition.

Top stories

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Kysuce inhabitants block busy road in protest

The blockade caused traffic collapse.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.