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BUSINESS BRIEFS

Mojžiš ditches Drukos fund

FRANTIŠEK Mojžiš, the owner of the crashed Drukos BDV pyramid fund in which 40,000 people may yet lose an estimated four billion crowns ($90 million), has sold his stake in the firm for a nominal sum to the Dutch Telean Investments.

Mojžiš promised the new owners could begin repaying deposits next month, with full principals and interest to be returned over two to four years.

Top stories

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.