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Real Estate Corner

Tri-country highway link underway
EU loans Slovakia $300 milllion
Bratislavans unhappy at home
ÖMV opens 19th Slovak station
S50 million Sk for Žilina apartments

Tri-country highway link underway

Construction on the highway section connecting the Slovak, Austrian and Hungarian highway networks began October 2. "It is important to build the international north-south transportation corridor first, as otherwise the corridor could go through the Czech Republic," said Transportation Minister Alexander Rezeš. The 17.8 kilometers of highway will require investments of 3.2 billion Sk. In 1998, after its completion, it is expected 14,000 cars will use the highway daily.

EU loans Slovakia $300 milllion

The EU will provide Slovakia with a $300 million loan for the development of transportation infrastructure, post-privatization funds, the support of small and medium-sized enterprises and financing international cooperation. The funds will be provided via the PHARE program.

Bratislavans unhappy at home

According to an opinion poll conducted by the Slovak Statistical Bureau in June, 43 percent of Slovaks own their own home, 25 percent live in state, municipal or company-owned apartments and 20 percent live in coop flats. Nearly one in every four citizens is not satisfied with their present residence. Geographically, the highest share of satisfied respondents was in Western Slovakia (80 percent) and the highest concentration of dissatisfied respondents (32 percent) live in Bratislava.

ÖMV opens 19th Slovak station

ÖMV's 19th Slovak gasoline station was opened in Košice at the end of September. The complex was built in five months by Stavomost in Humenné. The investment totalled 45 million Sk. The ÖMV branches in Slovakia made almost 2 billion Sk in sales last year.

S50 million Sk for Žilina apartments

The National Property Fund provided Žilina's First Municipal Bank (PKB) with a deposit of 50 million Sk. The funds will be used to finance both the completion and new construction of apartment buildings.

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