Spectator on facebook

Spectator on facebook

CORPORATE NEWS

FNM sells part of DMD Holding

The Slovak state privatization agency National Property Fund (FNM) sold close to 10 percent of DMD Holding Inc., a company managing the activities of heavy engineering and armaments companies located in Trenčín, to the state-owned gas company Slovenský Plynárenský Priemysel (SPP) for 300 million Sk ($10 million), FNM officials announced on February 11.

The goal of the transaction was to liquidate the debts that the engineering companies in DMD Holding's portfolio owed to SPP, said FNM officials, adding that DMD Holding will buy the debts and repay them to SPP. DMD Holding's registered capital stands at 3.4 billion Sk, but that was increased by 1.5 billion Sk in mid-February through a transfer of shares in the largest engineering companies into DMD Holding's ownership. Through that transaction, DMD Holding acquired 34 percent of shares in ZŤS Dubnica nad Váhom, ZŤS TEES Martin, ZVS Dubnica nad Váhom, Konštrukta-Defense Trenčín, and Konštrukta-Industry Trenčín.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár