BUSINESS BRIEFS

Government to swallow railway debt

THE SLOVAK government has announced plans to take over debts totalling Sk21 billion (€505 million) from the country's ŽSR and ZSSK railway companies from January 2004.

According to Transport Ministry officials, the decision is not a settlement of the debts, but a transfer of the liabilities to the overall state debt.

Besides absorbing the struggling railway companies' debts, the government will subsidise company investments by Sk2.5 billion (€60 million) next year, said Transport Minister Pavol Prokopovič on July 2.

Prokopovič added that debts from ŽSR and ZSSK should be settled by 2010.

Top stories

Reconstruction work on the Monument of Liberation and Victory, unveiled in 1955 in the Dargov mountain pass, which commemorates the liberation of eastern Slovakia from Nazism.

Police have finally found a very old book, arresting alchemy buffs

Set out on a Malá Fatra hike, avoid the Bratislava cable car from Monday.


24. sep

News digest: Opening of Bratislava bypass postponed

Interior minister stays, Pavarotti from Slovakia celebrates his 70th birthday and Slovak food producer wins its fourth Great Taste prize.


24. sep
Bratislava Mayor Matúš Vallo speaks to foreigners at [fjúžn] festival's "Ask the Mayor" event.

Foreigner’s community has a big voice, but it needs to be more organised

Bratislava Mayor Matúš Vallo addressed the questions and concerns of foreigners in Bratislava during a special Q&A.


23. sep
The new Bratislava sculpture is made of coloured bronze, its height is almost five metres, and it weighs two tons.

Donkey, dog, cat and a rooster. Four friends find a new home in Bratislava

A 'Town Musicians of Bremen' statue has been unveiled in the city.


23. sep
Skryť Close ad