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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.

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Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak