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

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška

Slovakia commemorates the 1968 invasion. Here’s what it looked like Photo

Anniversary of the Warsaw Pact troop invasion that ended the Prague Spring.

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo