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CORPORATE NEWS

EIB extends loan to reconstruct coal plant

The European Investment Bank (EIB) will kick in one-half of the projected costs to reconstruct the coal-fired power plant Vojany I in east Slovakia, one of the top projects next year for the state-run Slovenské Elektrárne (Slovak Power Plants - SE), SE officials announced.

The project will help reduce air pollutants being produced by fossil fuel combustion to an acceptable level mandated by Slovak legislation that takes effect in 1999. The project's total costs are projected to be 267.7 million ECU (9.37 billion Sk), of which the EIB will provide a 130 million ECU loan without a state guarantee.

The first phase of reconstruction is scheduled to begin by the end of the year 2000, with the second and final stages slated for the end of 2002. The Austrian Energy & Environment agency will provide technical equipment.

Top stories

Letters can be checked at work – but is it legal?

The recent scandal surrounding the parliamentary office opening and checking the post of MPs has opened the issue of postal privacy – which also concerns emails or text messages – guaranteed by the law.

Andrej Danko, speaker of parliament

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.

Blog: A line does not always form

A foreigners' real experience at the foreigners’ police department in Bratislava.

The foreigners’ police department in Petržalka

Coalition SNS seeks mandatory 13th salary

The business sector claims that such a step would lead to speculation and slow the growth of wages.