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.

Get daily Slovak news directly to your inbox

Top stories

Railway station in Košice

Who’s the foreigner in this country now?

The virus has highlighted some differences between migrants and locals, but erased others.

23. jan

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

22. jan
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

22. jan
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan