Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Court overturns ruling in UBS case

THE SLOVAK Defence Ministry does not have to pay the American UBS Corporation a commission worth $2.6 million for the import of eight military aircraft in the mid-nineties, news wire TASR reported.

The Bratislava Regional Court has overturned a lower-court decision that upheld a UBS lawsuit filed on April 28, 2000, for commission on the import of eight MiG-29s from Russia.

The deal was part of the settlement of Russia's Soviet-era debt towards Slovakia.

UBS obtained the receivables from the Russian-Slovak company Katrim Stella, which mediated the import of the MiG fighters during the former government of Vladimír Mečiar.

Mikuláš Dzurinda's first government decided, in December 2000, not to pay the commission, while Katrim Stella transferred the claim to UBS.

Top stories

EC: Focus on education and labour market

Some recommendations remain the same as last year.

Illustrative stock photo

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

Slovak paralympic athletes win gold and bronze at World Championship

Three Slovaks became world champions in table tennis in the TM2 category at the World Paralympic Championship in Bratislava.

L-R: Ján Riapoš, Martin Ludrovský in the Slovakia-Taiwan match at the paralympic world championship, May 19.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.