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ECONOMIC BRIEFS

Slovakia in car talks with Japan

Slovakia is holding talks with an unspecified Japanese carmaker on the construction of a car production plant in the country, Prime Minister Vladimír Mečiar said on May 9. "We are negotiating with one car producer from Japan about building a plant to produce finished cars in Slovakia according to Japanese design and specifications, but from Slovak-made components," Mečiar said in the western Slovak city of Trnava. He did not elaborate. Slovakia's largest steel producer, VSŽ a.s., said in the first week of May, that it was in preliminary talks with Nomura Bank concerning the possible construction of a car assembly plant in Slovakia as part of VSŽ's long-term diversification strategy. In April, VSŽ Supervisory Board Chairman Alexander Rezeš said the east Slovak steel mill was preparing extensive restructuring measures, partly in the hope of forging ties with Japan's Toyota Motor Corp.

Top stories

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

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.