Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Matador revenues reach Sk13.4 billion

THE MATADOR group reported preliminary consolidated revenues of Sk13.4 billion (€350 million) in 2004. Company chairman Štefan Rosina said the firm expected a gross profit of Sk388 million (€10 million), according to the SITA news agency.

In 2004 the Púchov-based company acquired auto parts maker Pal-Inalfa through its subsidiary, Matador Automotive. Matador financed this acquisition from its own resources and projects' funds.

According to Matador-Inalfa's director, Miroslav Krčmár, this acquisition represents the group's radical penetration of suppliers and producers of components for the automotive industry.

Matador's managers said they are now a vertically integrated group of companies involved in the production and sale of car tyres, conveyor belts, machines and equipment for the rubber industry.

Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.