NEWS BRIEFS

Railway chief Saxa resigns

THE HEAD of the rail network operator ŽSR, Ladislav Saxa, has resigned from his post, citing health reasons.

Suspicions are circulating, however, that the alleged misuse of about Sk1 billion (€24 million) by ŽSR was behind his decision to step down. The Supreme Audit Office recently found that ŽSR had used various cabinet-guaranteed loans in conflict with existing rules.

Saxa denied the rumours. He had served as ŽSR general director since January 2002, and said he would like to keep working for ŽSR in the future.

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