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CORPORATE NEWS

EuroTel nets $100 m syndicated loan

EuroTel, a cellular phone provider located in Bratislava, signed a contract for a syndicated loan worth $100 million (3.3 billion Sk) in mid February, company officials announced. The 18-month loan with an interest of LIBOR + 0.25 percent was arranged by Citibank International and Bank of America International. The loan's original amount of $80 million was increased due to investors' interest, EuroTel officials said. The funds will be used to finance investments into the GSM mobile phone net. EuroTel is a joint venture of the state-run Slovak Telecom (60 percent) and the American consortium Atlantic West.

Top stories

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

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.