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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

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska