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CORPORATE NEWS

Slovak Railways to become JSC

A new bill on Slovak Railways (ŽSR), which would allow the transformation of the currently state-run company into a joint stock company, should be discussed by cabinet before the end of the year. Michal Lazar, ŽSR Director, said that the company's privatization has long been pointlessly postponed and that he hopes the change in the company's statutes will enable it to solve its most pressing problems, namely growing debt, obsolescence of railway cars, and continuing decline in output. The state doesn't cover the company's losses from personal transport anymore, so ŽSR has to make up for it from freight transport, whose output decline exceeded 50 percent over the past year. This year ŽSR has already lost 4 billion Sk and total debts have doubled since the beginning of 1997. Lazar said that ŽSR should make an effort to clarify the financial flows within the company, increase bargain prices for freight transport and restructure the loan burden in favor of long-term loans and leasing financing.

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Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

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Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

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