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BUSINESS BRIEFS

Cabinet told to change SPP money plan

THE COUNCIL of Economic Ministers, a senior cabinet body, has recommended the government put Sk52.8 billion rather than a suggested Sk20 billion toward paying down state debt from the $2.7 billion sale of gas utility SPP. Cabinet is to discuss the matter April 24.

A controversial proposal by the FNM state privatisation agency to allot only Sk20 billion of the SPP proceeds had gone against the recommendations of the central bank and international institutions that more money be used to repay debt. The FNM assigned about Sk45 billion to development programmes and paying down debt in unreformed sectors of the economy such as health care.

Top stories

Problematic highway stretch, Turany-Hubová, will go via Korbeľka tunnel

This variant is more environmentally friendly compared with the surface variant originally planned.

Landslide during construction of the highway near Šútovo in 2013.

400 types of Slovak seeds will be placed in the World Gene Bank at Spitsbergen Photo

Slovak Agriculture Ministry works is storing the seeds on the Svalbard archipelago.

World Gene Bank in Spitsbergen, Norway

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.