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TELECOM NOTES

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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.