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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

It takes nuts to help Kenyans

Slovakia has provided more than €10 million to the Kenyan people since 2005.

Muruku slum in Naorobi

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Our exit from the EU will not weaken our links

The UK has no intention of undermining the stability of the EU, nor do we want to become more distant to our European neighbours, including those here in Slovakia, the ambassador writes.

Flags displayed on a tourist stall, backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as Big Ben, in London.

Roma civil patrols will continue

The Interior Ministry allocated €10 million for the project.

Roma patrols in Veľká Lomnica.