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CORPORATE NEWS

Slovak Telecom expects profit of 4.4. billion Sk

The state-owned telephone company Slovak Telecom (ST) expects to make a 4.4 billion Sk gross profit this year, up from its projection of 3.7 billion Sk, company officials announced. ST invested 7.8 billion Sk, of which a large part went to install the third digital phone exchange supplied by the German firm Siemens for the city of Košice. According to ST's director, Peter Valent, a syndicated loan worth $100 million is still in the works. The loan, arranged by Citibank International and twenty other financial institutions has been held up as the banks await the resolution of a legal battle between ST and Slovak businessman Jozef Majský.

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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