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CORPORATE BRIEFS

Well-regarded Slovnaft's profits tumble in first half of 1998

The refinery Slovnaft a.s. saw its pre-tax profits fall to 1.0 billion Sk ($28,6 million) in the first half of 1998 from 1.4 billion Sk ($40 million) in the same period last year. According to preliminary data provided by the company, turnover was 18.2 billion Sk ($520 million) for 1H98 compared with 19.1 billion Sk ($545.7 million) in 1H97, while 2.7 million tonnes of crude oil were processed in 1H98 compared with 2.5 million tonnes in the same period last year. Slovnaft is the most heavily capitalised share on the Bratislava bourse, accounting for around 30% of the SAX index's total capitalisation.

Top stories

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.