Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Nafta, Bank Austria sign $10m loan

Nafta Gbely and Bank Austria signed a loan contract worth $10 million on July 7. The loan, which matures in 2000, will be drawn gradually in US dollars or in Deutsch marks. The interest rate is tied to LIBOR and the interest rate spread of a creditor is up to 1 percent p.a. The loan was non-collateral.

Bank officials said that such lucrative conditions partially stemmed from Nafta's current economic situation and market position, but added that the development prospects of Nafta and its partner, the state-run gas company SPP, meant most.

"The loan will be used to cover operational costs and reconstruction of Nafta's underground natural gas storage facilities," said Jozef Čechovič, Nafta's economic director.

Top stories

Surcharges for night, weekend and holiday work will go up in two phases

Social partners agree upon a compromise solution.

Giving a voice to those unheard

The Sme daily celebrates 25 years since its founding. It is of immense importance that it remains independent and free, writes its editor-in-chief.

The Sme daily celebrates 25th anniversary

The newspaper, which was established as a protest against autocratic power, has been published for 25 years.

The first issue of Sme in own printing house; publisher Alexej Fulmek (C) with chief editor Karol Ježík (R).

Ryanair changes its cabin bag policy as of Monday, January 15th

The low-cost airline operates dozens routes from Bratislava.

ryanair plane, illustrative stock photo