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IN SHORT BUSINESS

Potencial investor requires state guarantee

THE US company Sovereign Financial Group is willing to invest $200 million (€169 million) in the construction of highways in Slovakia. However, a state guarantee is required, the news wire TASR wrote.

Marina von Lukovich, the Atlanta-based company's director and consultant for Europe, confirmed the info following her May 17 talks with the mayor of Žilina, Ján Slota.

In association with the new Kia car plant, Slovakia's government took the obligation to complete the Bratislava-Žilina highway by November 2006.

Kia Motors wants to launch its new 300,000-car factory near Žilina that same year.

Although neither of the two officials wanted to specify the terms and conditions of the financial transaction, both of them spoke about "favourable conditions".

Slota added that, if there was an agreement, money could be in the receiver's account in two weeks.

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).