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CORPORATE NEWS

Tackling slump, IRB swaps leaders

Vojtech Vranay, President of IRB, the third largest Slovak commercial bank, resigned from his post on November 26. Vladimír Turzák, the bank's former Vice-President, was appointed as temporary director before the December 19 special shareholders' meeting decides on a new director. The meeting will discuss the 1 billion Sk ($28.5 million) increase in the basic capital of the bank, whose capital adequacy at the moment is 1.57 percent. The central bank's (NBS) Bank Supervision Department requires 8 percent. However, Turzák said that despite the 400 million Sk decline in clients' deposits over the last few weeks, the level of deposits has already stabilized and the bank is fulfilling all its liabilities to clients. "The NBS... monitors the situation in the IRB and it is not contemplating imposing caretaker administration over the bank," Turzák said.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár