Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Highway company created

SLOVAK Transportation Minister Pavol Prokopovič signed the foundation charter of a joint stock company called the National Highway Company (Národná diaľničná spoločnosť - NDS) January 25.

Dušan Faktor was elected first general director and chairman of the board of directors at the first general assembly of NDS and Branko Smilňak was elected head of the company's supervisory board, the TASR news agency reported.

The state owns a 100 percent stake in the company. The value of NDS' fixed assets is Sk90 billion (€2.3 billion). Its prime infrastructure property is valued at Sk52.7 billion.

The budgetary organization Slovenská správa ciest (SSC), the national roads administrator, will surrender part of its assets for the creation of NDS.

SSC will continue to exist as overseer of first class roads maintenance. A director general for SSC is currently being sought.

NDS is expected to be a fully functioning entity by February 1.

Top stories

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

Regional authority stops money for school that warned against fascists

Though there is no obvious link between the criticism and the decision to scrap the subsidy, there are some indications.

Marian Kotleba

Eight Tatra peaks in 27 hours

The man from Košice ended up before his goal due to health problems.

Richard Zvolánek

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival