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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.