Spectator on facebook

Spectator on facebook


Citibank may grant loan to ST

If all goes well, the state-run Slovak Telecom (ST), which faces questions about its credit (See story on Page 1), will receive a $100 million syndicated loan from the American Citibank. The loan, with no governmental guarantee, has a 6.5 percent interest rate over five years and is by far the most favorable rate for a Slovak company provided by a foreign bank. The loan agreement is to be signed this month on the condition that ST is transformed into a j.s.c. with 100 perent state share holding. Funds for the loan will be used to finance part of "Telecommunications Project II," requiring a total investment of 48.7 billion Sk ($1.6 billion).

Top stories

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

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