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BUSINESS BRIEFS

Cabinet: No pay-out for S & L victims

CABINET has decided not to compensate 265,000 Slovaks, or according to Deputy PM Ivan Mikloš "five percent of the population", who lost money in the spectacular crash of several savings and loans funds last month. Meanwhile, the Košice regional court declared bankruptcy on the BMG and Horizont firms, allowing a bankruptcy trustee to step in and stop owners from selling off lucrative assets. Last week the S & L firms sold off three popular magazines, assets which now cannot be used to repay clients.

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.

Safari under High Tatras Video

Marek Stolarčík from Kežmarok filmed unique video.

Illustration stock photo

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.