Košice agrees debt plan

City councilors in eastern Slovakia’s Košice yesterday approved a debt restructuring plan that will allow a Sk1.7 billion ($38 million) burden to be paid down with a Sk700 million new line of mid-term credit.

The debt was racked up largely during the mid-1990s when current President Rudolf Schuster was the city’s mayor, and launched a major reconstruction drive.

The debt repayment plan is to include the sale or lease of many city assets, and the placing of all assets under the control of creditors until the loans are repaid.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

President Zuzana Čaputová (front) and Health Minister Vladimír Lengvarský (back) visiting Ružinov hospital.

Lockdown it is. Or is it?

Hospitals are on the verge of collapse. President tells people to stop blabbing about Covid and get vaccinated.


1 h
Vaccine saves lives. Thank you for being responsible.

Why prefer vaccines to drugs? The Covid jab protects better and it is cheaper

About 4,800 people have received monoclonal antibodies in Slovakia. To compare, there were more than 2.4 million vaccinated people as of Monday.


4 h
Košice

Employers will start testing unvaccinated employees on Monday

The Economy Ministry issued the manual on Friday afternoon, one day after it was supposed to.


26. nov
Skryť Close ad