IN SHORT BUSINESS

Matador to establish Ethiopian tyre plant

SLOVAK car-tyre producer Matador, of Púchov in the Trenčín region, will establish a joint venture, MATADOR-ATC, in Ethiopia with the local company ATC - Addis Tyre Co. The agreement will be officially signed in Addis Ababa on May 27, the news wire TASR wrote.

"The Ethiopia project brings us new possibilities for applying our know-how. We found a serious partner with a common interest in building a modern plant for the production of tyres in Ethiopia," said Matador's president, Štefan Rosina.

Matador reported an after-tax profit of Sk186 million (€4.6 million) in 2003 on revenues of Sk9.3 billion (€232.1 million).

Top stories

The Nord Stream 2 pipeline is installed in Swedish waters.

US and Germany made a declaration on Nord Stream 2. Where does it leave Slovakia?

Slovakia’s official position to Nord Stream 2 has gone from slightly critical to silent, analyst says.


17 h
Border checks

Rules for cross-border workers and teenagers remain unchanged

Constitutional Court corrected its decision from earlier this week.


19 h
The open-air exhibition about the Old Market Hall

Rare historical photos uncover the story of Bratislava's Old Market Hall

Bratislava owes its rich market history to its location on the crossroads of ancient trade routes.


29. júl