CORPORATE NEWS

Calex weighs two rescue options

Slovak government representatives and the management of Calex Inc., a refrigerator producer in Zlaté Moravce, concluded after their meeting in late February that the company's problems will be resolved by the middle of March, officials from both sides announced.

The rescue scenario for the troubled company involves two options. The first is that the state will keep a 51 percent stake and the remainder will be split between the Omnia holding company and the commercial bank Všeobecná Úverová Banka (VÚB). The second option involves the entrance of foreign capital; negotiations with three foreign partners are now underway. Calex's management supports the first alternative, the so-called Slovak way, according to a source at the company. The architects of Calex's revitalization program propose that 1,600 employees will stay with the original production assortment, 780 will work in servicing plants, and the remaining 1,000 in new production ventures with car makers Daewoo and Volkswagen.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Courageous pensioner, Roma from Moldava and victims of totalitarian regime awarded for courage

White Crow awards were handed out on the anniversary of the Velvet Revolution.

White Crows 2019

Crossing the Slovak-Austrian border has never become a matter of course for me

How I ran for Mária Rozmaňová who was killed on the border in 1952.

About 50 people ran on November 17 to commemorate the 42 people who were killed at the Iron Curtain between former Czechoslovakia and Austria in their attempts to flee the Czechoslovak Socialist Republic in 1948-1989.

Kočner: I told Fico that if I was left alone, he would be PM

Denník N published another one of Kočner's recording. In it he mentions his dealings with the former prime minister.

Robert Fico

Čaputová on the anniversary: Democracy is an opportunity

Politicians celebrated 30 years of freedom, too.

Zuzana Čaputová and Miloš Zeman