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BUSINESS BRIEFS

Penta and Co. no longer want VSŽ

A GROUP of financial investors - including Penta Group, Istrokapitál and J & T - that bought a 22 per cent stake in steel maker VSŽ last year has said it is not interested in a further 16 per cent holding under the control of the FNM privatisation agency. US Steel Košice has indicated interest in the latter stake, which would give it about 40 per cent of shares, but has not yet been able to agree with the government on a price.

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.