Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Slovpump trades to Middle East and former USSR

Slovpump Inc., a pump producer in Závadka nad Hronom, expects to break even on total sales worth 140 million Sk this year, meaning that the company has reversed last year's sluggish demand for its products. The company has penetrated the Egyptian and Syrian markets, where it sells pumps to sugar producers for irrigation systems and waste disposal equipment.

The firm is also currently developing contacts in the Ukraine, Lithuania and Latvia, where so far it has experienced no problems with collecting debts. Slovpump's sales to former USSR countries are currently 25 million Sk annually, which is only 10 percent of the company's pre-1989 annual turnover of 250 million Sk to this region. Although Slovpump's exports to the Czech Republic have declined substantially in recent years, that country continues to be the firm's largest customer, with 60 percent of production sold there.

Top stories

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.

Stopping extremism before it starts

Schools in Slovakia must do a better job of developing their students’ critical thinking skills from an early age, US envoy says.

Danko’s popularity keeps falling

The SNS chair suffers mostly because of the controversial military promotion and his following actions.

Lack of qualified labour needs to be addressed

After visiting carmaker PSA in Trnava, PM Fico says that people do not want to work even for more than €1,300.

PSA Groupe Slovakai in Trnava