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BUSINESS BRIEFS

NAY group attracts foreign investor

ELECTRONIC and household appliance retailer NAY announced that a foreign investor would purchase a 48-percent stake in the firm. The company also announced the opening of a new NAY retail outlet, the biggest in Slovakia, the SITA news agency reported.

NAY Holding posted sales of Sk3.2 billion (€83 million) before VAT in 2004, marking an historical high in its sales.

According to a survey conducted by GfK Slovakia, NAY's share on the Slovak electronics retail market is 20 percent.

Top stories

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.