Spectator on facebook

Spectator on facebook


NCHZ gets green light on Solivary merger

AFTER NEARLY five months of deliberations, the Slovak Antimonopoly Office (PMÚ) has approved the merger of salt producer Solivary Prešov and chemicals maker Novacké Chemické Zavody (NCHZ), Solivary's sole customer.

Although Solivary has access to the only salt deposits in Slovakia, PMÚ officials decided that with duty-free imports of industrial salt and no need for certification there was no danger of monopoly control of the industrial salt market.

Following the spring entry of Canadian petrochemical company Exall and Slovak investment fund 1. Garantovaná into NCHZ, the chemicals firm bought an 85-per cent stake in Solivary in May, and announced merger plans a month later.

Ties with NCHZ led Solivary to profits of Sk313 million ($7.1 million) in 2001, following a Sk130 million loss in 2000.

Top stories

Police will check overpriced EU presidency

The presidency will also be scrutinised by state auditors.

The ceremonial launch of the Slovak presidency's logo.

Inspectors to focus on firms with foreign staff

Scrutiny follows media report by Serbian journalist concerning conditions in a Galanta-based plant.

Labour Minister Ján Richter

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

SaS denies Russian media reports on its support of Slexit

The opposition party has objected to news in some Russian media stating that it supports the departure of Slovakia from the EU, i.e. Slexit.

Richard Sulík