Spectator on facebook

Spectator on facebook


Považské strojárne on EU right track

The engineering company Považské strojárne Inc., Považská Bystrica, earned 1.9 billion Sk ($63 million) in revenues during the first half of this year. According to the company's management, the firm is continuing to fulfill its goals for 1996 - 1998, namely to increase the company's value five percent above the industry's average annually, and to increase sales by 16 percent during the three-year period. By 2005, Považské strojárne intends to reach a ten percent profit margin - a level common in the engineering industry throughout the EU.

The company succeeded in its bid to supply presses for the Japanese company Mitsubishi. It is presently implementing a large energy savings project, which aims to save 30 percent of all energy the company consumes. The project, which should be finished by the end of November, could save Považské strojárne 100 million Sk ($3.3 million) annually.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.