THE SLOVAK cabinet approved a memorandum of understanding yesterday with the US company Truthheim Invest LLC to complete the new Slovak National Theatre (SND).
Truthheim will become a 49 percent shareholder of the theatre by paying Sk961,000 (€24,000), Pravda daily newspaper wrote.
Finishing the theatre, which has been under construction for more than 20 years, is expected to cost another €20 million. Once opened, the theatre will be run by Truthheim and rented to Slovak groups for an amount the Culture Ministry described as "lower than usual in this area".
Compiled by Martina Jurinová from press reports
TheSlovak Spectator cannot vouch for the accuracy of the informationpresented in its Flash News postings.
