IN SHORT - BUSINESS

Slovak promotion agency considered

SLOVAKIA will have a new institution to promote the central European country abroad, several cabinet ministers agreed.

By mid November, Deputy PM for EU integration Pál Csáky and Foreign Minister Eduard Kukan will submit a proposal to the cabinet for the establishment of such an institution.

Kukan said at a press conference that the new body should be based at his ministry.

Csáky said the institution would employ five people "who will carry out the instructions of the institution's administrative board". The latter should include representatives of the Economy and Finance Ministries, as well as the Slovak Agency for the Development of Investment and Trade (SARIO) and the Agency for the Support of Tourism (APCR).

The Finance Ministry is expected to give the new institution money in May next year to be used for the establishment of the body. It remains unclear how much money that would be.

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