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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

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci