Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Ministry snags highway building syndicated loan

The Slovak Finance Ministry and foreign banks signed a syndicated loan contract worth 4 billion Sk ($120 million) that will support highway construction in Slovakia, ministry officials announced.

The loan, managed by the London branch of the Industrial Bank of Japan, will be provided by a bank consortium made up of Bayerische Landesbank Girozentrale, Credit Lyonnais, Industrial Bank of Japan in London, Kreditbank N.V., Dublin branch and the Sanwa Bank.

The loan carries a seven-year maturity, with the option to postpone the maturity period to 10 years. The loan will be made in two tranches of $50 and $70 million, respectively.

Top stories

Governmental campaign should bring Slovaks home from the UK

The Slovak cabinet plans to persuade its expats living and working in the UK with at least a bachelor degree to return home: a campaign offering specific jobs should help.

Young researchers, IT experts and medical staffers are needed in Slovakia, illustrative stock photo.

EU lawyers claiming the Russian annexation of Crimea as legal is a hoax

One lawyer does not mean all EU lawyers; immigrants attacking a shepherd dog and HAARP causing hurricanes in the US are hoaxes, too.

Hoax on immigrants attackign two German shepdherds and ebing bitten yb them

Co-founder and co-owner of Sme daily dies

A major Slovak entrepreneur, Peter Vajda, died in Prague on October 15. He was exceptional for his innate sense of democracy and believing in equal opportunities for all.

Peter Vajda

Germans in Slovakia preserve their culture

The German minority is aging, and despite efforts, not many young descendants affiliate themselves with their origins.

Hauerlandfest is one of the bigger regional events.