Spectator on facebook

Spectator on facebook

BUSINESS BYTES

Much interest in Košická magnezitka

Recently a third party has shown interest in privatizing the state run Košická magnezitka in Košice (now in liquidation). It offers to take over the company and its liabilities, worth 1 billion Sk. According to the bank VÚB (the company's largest creditor), the third party is backed by foreign capital. So far, the Minister of Industry favored a joint privatization project by VSŽ and Slovmag, which made a condition for their participation forgiving all Košická magnezitka debts. Another interested party, an owner of Gemer brewery, Vladimír Poliak, said he may take Minister of Economy Ján Ducký to court because Ducký slandered him by claiming that Poliak does not have the financial resources to realize his plans to transform the company. Slovenský magnezit Košice is reportedly interested in privatizing the company. Slovenský magnezit was established by Košická magnezitka's former director and the deputy labor unions leader. Fifty Košická magnezitka miners went on strike and refused to return from the mine, protesting against the on-going insensitivity of the Ministry of Industry regarding the company's problems.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness