Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Antitrust Bureau prohibits PNS takeover by Danubiaprint

On November 20, the Slovak Antitrust Bureau issued a decision banning the privatisation of Prvá Novinová Spoločnost (PNS, the nation's dominant newspaper distributor) by Danubiaprint, the country's largest printing firm. Parties involved in the takeover can appeal the verdict within a 15-day legal deadline.

The FNM (national privatization agency) Presidium okayed the takeover on February 19, 1998. Under the terms of the deal, Danubiaprint got 97% of PNS shares for 410 million Sk, but the actual purchase price was only 190 million Sk, the remaining 220 million Sk being written off against future investments.

At the time, Slovak newspaper publishers severely criticised the takeover as an unacceptable concentration of power, saying that Danubiaprint had taken control of both the printing and distribution of Slovak newspapers and magazines, thereby endangering freedom of the press.

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.