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CORPORATE NEWS

VSŽ aims for steel mill in Hungary

VSŽ, the iron and steel mill located in Košice, wants to privatize a Hungarian steel mill in Ozda, VSŽ officials confirmed. The firm will submit its application for the privatization tender in January, and a decision is expected later that month. "VSŽ is a very successful company that has expressed its interest in taking part in privatization going on in my country," Hungarian Ambassador to Slovakia Jeno Boros said on a visit to the iron and steel works on December 6. "We would like to welcome our northern neighbor into this process."

VSŽ's initiative stems from an early November meeting between Prime Minister Vladimír Mečiar and Hungarian Premier Gyula Horn in the west Slovak town of Piešťany, in which Mečiar expressed that Slovak companies were interested in taking part in Hungary's privatization, which is 70 percent complete.

Top stories

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.