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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

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.