Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Matador Omskšina not doing as well as expected

After one year of operation, Matador Omskšina - a joint venture of the Slovak tire producer Matador located in Púchov and a Russian company - is operating less efficiently than expected. The joint venture started mass production on February 24, 1996, and now employs 309 people. It has financial problems, mainly a result of general insolvency in Russia, and an exceptionally high tax burden.

This year, Matador Omskšina plans to produce 500,000 tires, of which 150,000 will be sold to the Russian car maker VAZ in Togliati. It also plans to complete capacity expansion to 1.1 million tires annually, extend the production line from 4 to 14 types of tires, and improve efficiency in order to at least break even.

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

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.