Cuba is not repaying loans for SES Tlmače boilers
- Vladimír Dohnal
- Oct 19, 2020
- 1 min read
Cuba has asked for a delay in repaying the €170m loans it took to purchase technology for its power plants from SES Tlmače (formerly owned by EPH, now by managers). Cuba was supposed to start repaying the loans, which were provided or backed by state-owned Eximbanka, this fall. SES got the contracts due to the personal involvement of then PM Robert Fico and several cabinet members. The current government is working on moving the loans from the bank directly to the state, to improve Eximbanka’s balance sheet. Cuba is intent on repaying and both countries are in talks on collateral. Cuba is offering assets in tourism or mining, as well as patents for its drugs.
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
Comments