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BUSINESS BYTES

Investors dig post-communist countries

Direct foreign investment has increased in 15 post-communist countries by 24 percent from $18.3 billion in 1993 to $22.7 billion in 1994. The Slovak and Czech Republics, Hungary, Poland and Slovenia received 72 percent of the total invested. Slovakia itself has gotten $400 million by the end of 1993 and $600 million through April 1995. Although Slovakia's GDP is 35 percent the amount of the Czech Republic, its level of foreign investment reached just 18 percent of the Czech lands' level.

Top stories

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Kysuce inhabitants block busy road in protest

The blockade caused traffic collapse.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.