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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

Police will check overpriced EU presidency

The presidency will also be scrutinised by state auditors.

The ceremonial launch of the Slovak presidency's logo.

Inspectors to focus on firms with foreign staff

Scrutiny follows media report by Serbian journalist concerning conditions in a Galanta-based plant.

Labour Minister Ján Richter

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

SaS denies Russian media reports on its support of Slexit

The opposition party has objected to news in some Russian media stating that it supports the departure of Slovakia from the EU, i.e. Slexit.

Richard Sulík