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CORPORATE NEWS

Chirana posts an unexpected loss

Chirana-Prema Inc., a medical equipment company located in Stará Turá, recorded a 24.1 million Sk loss for the first half of 1997 on 599 million Sk of sales and 784 million Sk of total revenues. Juraj Borovský, Chirana's general director, explained the loss by increased commercial interest rates and exchange rate fluctuations. "We purchase a lot of material abroad, and the moving exchange rates significantly increased our costs," Borovský said. "Due to the economic-political situation, foreign banks are forcing us to repay loans, and we have to pay them back at much worse rates than when we acquired them."

Top stories

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

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EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.

Armed forces need new armour, and more

Slovakia's armed forces need to modernise their military technology, but also improve infrastructure and make soldiers' salaries more competitive.

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