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BUSINESS BRIEFS

Increasing oil reserves costly

THE STATE material reserves administration (SSHR) has estimated it will need an extra half billion crowns ($11.1 million) from the state budget this year to increase Slovakia's oil reserves from 31 days of normal use to 40, as required by law.

The SSHR is required by Slovakia's European Union entry schedule to increase the reserves to cover 90 days of normal national oil consumption by 2008, a process expected to cost Sk10-12 billion in fuel purchases and construction of storage areas.

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Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

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Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.