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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.

Top stories

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška

Slovakia commemorates the 1968 invasion. Here’s what it looked like Photo

Anniversary of the Warsaw Pact troop invasion that ended the Prague Spring.

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo