Spectator on facebook

Spectator on facebook

BUSINESS BYTES

VSŽ interested in Czech steel mill

According to unofficial sources, VSŽ Košice will buy 20 percent of shares in the Czech steel mill Trinecké Železárny (TŽ) in Trinec. The companies will sign a cooperative agreement this month. The agreement, which has already been verified, so far does not include acquiring of a stake in TŽ by VSŽ. VSŽ places only 10 percent of its output on the small Slovak market, and so it seeks other opportunities for acquisitions in other areas. The company cooperates with steel mills in Poland, Yugoslavia and Bulgaria. The mill currently exports 750,000 tons of steel to the Czech Republic annually (of that sum, 150,000 tons are supplied through other traders), but it aims to export 1 million tons of steel to the Czech Republic. Of total VSŽ rolled materials production, 68 percent were sold abroad, 18 percent in the Czech Republic and 14 percent on the domestic market.

Top stories

Famous books on totalitarianism popular in Slovakia too

Internet bookstores have recorded an increased interest in books exploring totalitarian regimes, including demanding theoretical works.

George Orwell in Slovak bookstores

It takes nuts to help Kenyans

Slovakia has provided more than €10 million to the Kenyan people since 2005.

Muruku slum in Naorobi

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Our exit from the EU will not weaken our links

The UK has no intention of undermining the stability of the EU, nor do we want to become more distant to our European neighbours, including those here in Slovakia, the ambassador writes.

Flags displayed on a tourist stall, backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as Big Ben, in London.