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CORPORATE NEWS

VSŽ fails in acquisition of Škoda Plzeň

VSŽ Inc., Košice, who negotiated the purchase of the Czech engineering company Škoda Plzeň Inc., has failed to meet Škoda owners' financial requests, according to Škoda officials. VSŽ vice-president, Anton Jura, had a different view on matter, saying the conditions were unacceptable.

Jura added that VSŽ is contemplating the acquisition of another engineering company. "Our interest now is to attract foreign engineering companies to Slovakia," he said. VSŽ wants to create joint ventures out of some of its loss-making daughter companies, e.g. in Snina or Medzilaborce, thus providing conditions for improving their performance. At the end of 1996, VSŽ had a higher-than-20 percent stake in 94 Slovak and 15 foreign companies.

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.