Spectator on facebook

Spectator on facebook

Austrian RCA plans Slovak cargo railway expansion

A BIDDER for the 100-percent stake in Slovak railway company Cargo Slovakia, Rail Cargo Austria (RCA), wants a major stake in the Slovak market for strategic reasons, RCA Executive Director Ferdinand Schmidt told reporters in Vienna and Linz on November 29.

"For us, Slovakia is an important geographic location," Schmidt explained, adding that there are several possibilities for RCA to expand on the Slovak market, the TASR news wire wrote.

He listed taking part in the tender, economic cooperation with an existing firm, or entering the market and building its own network and concluded that purchasing an existing company presented the simplest solution.

RCA is a cargo rail company of the Österreichische Bundesbahn concern, which since 2005 has had the status of a joint-stock company whose strategic territory is Central and Eastern Europe. Its 2004 turnover reached €1.8 billion, and it employs 4,750 people.

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

Top stories

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico

Ecocide! How Slovakia destroys its national parks

Officially, the number of forests in Slovakia keeps growing but satellite shots of the national parks evoke horrors.

logging at Muránska Planina