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BUSINESS BRIEFS

PPS Detva buyer signs deal

KREMNICA-BASED company Sitno Holding has signed a contract on the sale of bankrupt engineering company PPS Detva Holding on July 4. Its new owner, Ľudovít Černák, promised to focus on civilian production and renamed the company PPS Group.

He promised that after Slovakia enters NATO, PPS would become a global producer of special technology.

Sitno Holding bought the company with its 550 employees for Sk150 million (€3.6 million) and sees the company's future in cooperation with Swedish carmaker Volvo.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).