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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

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)