Spectator on facebook

Spectator on facebook

EIB finances motorways and municipal projects

THE FINANCE Ministry and the European Investment Bank (EIB) signed two agreements to further finance motorways and municipal projects in Slovakia

Under the first agreements, EIB will provide Slovakia €42 million (Sk1.7 billion) for the construction of the Mengusovce to Janovce D1 motorway in eastern Slovakia. The first tranche of the loan worth €350 million was paid to Slovakia under an agreement signed in December 2003.

The EIB loan will cover 50 percent of the construction costs of the 26-kilometre-long Mengusovce-Janovce motorway stretch. The rest of the money will be provided from Slovakia's state budget and the European Union.

A second agreement granting Sk2.78 billion (€70 million) will fund municipal and small-to-medium business projects in the country relating to environmental protection, rational use and upgrade of energy, infrastructure, and healthcare establishments. Slovenská sporitelna and CSOB are involved in the funding.

Compiled by Marta Durianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo

Fifty Shades of Grey: Slovakia's Olympic outfits will not stray from tradition

The official outfit for Slovak athletes at the Pyongyang Olympic Games has been presented; the Slovak Olympic Committee (SOV) is not satisfied.

Olympic outfit of Slovak athletes

EMA will go to Amsterdam, not Bratislava

The Slovak capital finished fourth in first round of vote for the seat of the prestigious European Medicines Agency

EMA will move from London due to Brexit. It will go to Amsterdam.