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CORPORATE NEWS

VSŽ wins bid for steel mill

VSŽ Inc., Košice, the east Slovak steel maker, announced that it won a tender to privatize the highly indebted and loss-making Hungarian company DAM Diosgyör. VSŽ will pay a symbolic $1 for the shares with a nominal value of 8 billion forints (1.4 billion Sk), but it pledged to increase the company's capital by 3 billion forints (532 million Sk). VSŽ defeated the German Max Eicher, and a Russian-Hungarian consortium in the tender.

Top stories

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.

Valorisation mechanism changes

But not everybody is satisfied with some of the latest changes.

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.