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CORPORATE NEWS

Kerko got a loan from Tatra banka

Kerko Inc., Ko_ice (a floor tile producer), last week began operating a new line for the production of high-quality tiles with an annual capacity of 1.5 million M2. Expenditures for the new line, worth 150 million Sk, were partially covered by an advantageous loan worth 5.5 million DEM (110 million Sk), mediated by the Tatra banka from funds provided by the EBRD. Payback period for the investments is estimated at 3.5 years. It created 40 new jobs. The FNM obliged KERKO to invest altogether 580 million Sk. Last year, the company invested 170 million Sk and this year, it will invest 190 million Sk. During the first 10 months of this year, it made a gross profit of 73 million Sk on 700 million worth of sales. It exported 30 percent of production to the Czech Republic, with portions also going to Poland, Russia and Germany. Annual labor productivity is 500,000 Sk per employee.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

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