Spectator on facebook

Spectator on facebook

US Steel Košice announces dividends of $550 million

US Steel Košice (USSK) announced plans for dividend payments of some $550 million (€454 million) on June 25, the TASR news wire reported.

The sum will be used by the Pittsburgh-based parent company to settle its debts to USSK originating from the 2000 takeover of steel operations at eastern Slovakia's VSŽ, or for further investment in Europe.

Between early 2000 and the end of 2005 the company expects to have invested Sk18.7 billion (€487 million) in Košice, exceeding its pledges to the Slovak government made upon the acquisition.

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

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