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BUSINESS BRIEFS

Construction boom

THE STATE housing development fund (ŠFRB) will distribute Sk1.2 billion to promote low-income housing and residential construction, said the Pravda daily.

The Construction Ministry decided that by the end of the year, the ŠFRB would receive Sk900 million in support for housing for low-income groups, with the remaining Sk300 million targeted for residential construction. The money has been transferred from other ŠFRB funds.

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