FOCUS SHORT

Slovenské Elektrárne profits grow

SLOVAKIA’S dominant electricity producer Slovenské Elektrárne (SE), in which the Italian company Enel holds a 66-percent stake, reported last year’s earnings before interest and taxes (EBIT) of €826 million, which is an increase of 14 percent from the previous year.

SLOVAKIA’S dominant electricity producer Slovenské Elektrárne (SE), in which the Italian company Enel holds a 66-percent stake, reported last year’s earnings before interest and taxes (EBIT) of €826 million, which is an increase of 14 percent from the previous year.

“SE is a good example of integration and consolidation, which creates value for shareholders,” said CEO Enel Fulvio Conti as cited by the SITA newswire, “We managed to double the operating profit in three years.”

The company plans to invest the full profit in Slovakia. In the next five years, SE plans to invest €3.1 billion in Slovakia, while trying to reach EBIT of €1.2 billion by 2014.

Around €2.9 billion should be invested in nuclear energy.

“Completion of the nuclear power plant in Mochovce is the key priority,” said Conti, confirming that the third and the fourth reactors of the nuclear plant should be constructed by the planned dates in 2012 and 2013. The completion should cost approximately €2.8 billion.

Get daily Slovak news directly to your inbox

Top stories

News digest: Long queues around Slovakia on the first day of nationwide testing

Hundreds of thousands got tested during the first five hours. Experts warn it is too early to interpret the results.

Drive-in testing site in Bratislava.

Afraid of testing? Minimise your risk of infection with these test day tips

Coughing is the most dangerous part of the testing process.

Zborov, the Bardejov district

UPDATED: Nationwide testing for COVID-19 is on

Long queues have formed in front of most testing points since early morning. Some drive-through sites closed in Bratislava

Testing in Trenčín, western Slovakia

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov