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CORPORATE NEWS

Matador plans 10 billion Sk in sales for 1997

Matador Inc., a tire producer based in Púchov, plans to have 9.6 billion Sk ($300 million) in sales of its goods this year, 22 percent more than in 1996, company officials announced. Total revenues should reach 12.3 billion Sk, of which 590 million Sk will be invested, officials added.

Matador's most important contract is supplying tires for the Czech car maker Škoda Mladá Boleslav, of which 600,000 tires will be supplied for Škoda Felicias. After tests are completed on Škoda's Octavia model, Matador will supply tires for it too. In the Czech Republic, the company also has contracts with Avia Daewoo and Škoda LIAZ, while the Russian car maker Lada Togliatti will purchase 700,000 tires this year. Matador employs 4,450 people and will spend 74.2 million Sk on social programs this year.

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Keep your passport at hand on your trip to Austria

There are no internal border controls on the Austrian-Slovak border. Yet, the Austrian police check cars and buses heading to Slovakia.

Slovak police checking cars at the border crossing in Berg, Austria.

Bratislava ice stadium will require €2 million

At the same time, its tenant, ice hockey club Slovan, owes some €1 million in rent.

The Ondrej Nepela ice-hockey stadium during 2011 ice hockey world championship.

Who do Slovaks marry the most among foreigners?

Mixed marriages are still quite rare among Slovaks compared to elsewhere in the EU. Slovak women are more likely to marry foreigners than Slovak men. Here is why.

Italy points to “illegal state aid” as Embraco announces relocation to Slovakia

The decision to shift production follows in the footsteps of US conglomerate Honeywell, which reportedly also plans to close its Italian plant and move to Slovakia.

Embraco plant in Spišská Nová Ves