Spectator on facebook

Spectator on facebook

SPP earnings up Sk1.5 billion

RECENTLY privatised gas giant Slovenský plynárenský priemysel (SPP) announced non-audited gross earnings of Sk5.9 billion on Sk73.6 billion in revenues for 2001. This is an increase in gross profits of Sk1.5 billion and an increase in revenue of Sk3.8 billion over 2000 results.

Expenditures saw a year-on-year increase of Sk2.3 billion to Sk67.7 billion. Operating costs accounted for Sk61.2 billion, a Sk4.6 billion increase from 2000. Financial costs dropped by Sk2.2 billion year-on-year to Sk6.4 billion.

The sale of 49 per cent of SPP, approved by the cabinet on March 14, is the biggest privatisation deal in Slovakia's history, and one of the biggest since 1989 in central Europe. A consortium made up of Gaz de France, the German Ruhrgas and Russian Gazprom won the tender with a bid of $2.7 billion.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

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

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak