Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Profit decreases hit metallugry

THE SLOVAK metallurgical industry earned a gross profit of Sk1 billion (€25 million) in the first quarter of 2004, marking a significant decrease from the Sk5.9 billion (€147.6 million) profit for the same period of last year, the private news agency SITA wrote.

Sales in the first quarter, without value-added and excise taxes, dipped by 7.5 percent year on year to Sk23.7 billion (€529.8 million). The revenues in the given period shrank by 26.4 percent to Sk26.5 billion (€662.8 million).

The added value in the sector stood at Sk6 billion (€150 million), which is 11.4 percent down year on year.

Compared to the same period last year, investments in the sector decreased by 25 percent in the first three months of 2004 to Sk1.2 billion (€30 million).

The average number of industry employees decreased by 9.5 percent. The sector's average monthly wage posted an increase of 11.5 percent to Sk22,214 (€556).

Top stories

Bratislava has already forgotten the Pressburg ghost

The burnt prints of the penitential reeve’s right hand made Bratislava famous over almost all Europe. Now the story has been almost completely forgotten.

The wooden box with burnt prints.

Luxembourg responded to Fico's and Orbán's lawsuit

Solving difficult problems in cooperation with your neighbors is what leaders are supposed to do. The leaders of Slovakia and Hungary were not even willing to try.

Viktor Orbán and Robert Fico enjoy good relations.

Everton beats Ružomberok Video

But the victory was narrow.

Peter Maslo (front) and Davy Klaassen (back)

Product quality laid on the EU table

Concerns over the different quality of same brand products are confirmed, but will anything change soon?

Will shopping in supermarkets soon become a thing of the past?