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BUSINESS BRIEFS

Russian bidders in SE privatisation

RUSSIAN energy holding RAO JES and gas giant Gazprom confirmed for the Russian press their interest in buying a stake in the Slovak power generator Slovenské elektrárne (SE).

The SE privatization tender, in which the sale of an at least 49-percent stake is expected, was opened last week.

The Russian firms did not rule out the possibility of creating an alliance for the privatisation bid.

Economy Minister Pavol Rusko, member of the New Citizen's Alliance, has said the sale of Slovakia's largest company should be concluded no later than the end of 2005.

At least a dozen companies are expected to bid for the SE stake.

Top stories

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.