The FNM state privatisation agency has scrapped a tender for ship yard SLKB because neither of the two firms interested in a 100 per cent stake were willing to accept the FNM’s demand they guarantee the revival of production at the troubled facility. While the FNM intends to hold another tender in three months, it will lend SLKB Sk50-60 million to complete two ships, while Eximbank will lend the shipper almost 10 million euros to complete three ships for a German customer. SLKB sent 463 workers – almost half its workforce – home at the beginning of February on 60 per cent salary for lack of work.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
26. Feb 2002 at 8:45