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CORPORATE NEWS

Creditanstalt Bratislava up for sale

The Bank Austria/Creditanstalt banking group labeled its Bratislava-based bank "for sale" in an across-the-board move aimed at getting rid of part of its stakes in eastern Europe. Creditanstalt Bratislava is available for 1 billion ATS ($82 million). Creditanstalt suggested a merger of its two banks in Slovakia, but Bank Austria was adamant about including only its daughter, Bank Austria Bratislava, into the holding and pushed for the sale of Creditanstalt's daughter. One of the parties interested in the purchase is the German Erste Bank. The offering price is viewed as fair by the bank, since it is not just a complex bank infrastructure that is being sold, but also Creditanstalt Bratislava's banking license and access to the Slovak market.

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Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo