A company from a slightly different dimension. In the last months in Poprad Tatravagonka hasn’t reminded one of most other Slovak machine companies. It hasn’t been suffering from drops in orders. And they are not facing the threat of insolvency and neither do they have an overabundance of employees. They are not being affected by the problems accompanying the crisis. On the contrary, sometimes they don’t have enough manufacturing capacities. Their year-to-year revenues increased by almost a third. They are happy to have received an order that would open the door to the market hungry for their products. Recently, Tatravagónka signed a contract with Russian Railways for 300 freight cars. This is just a fraction of the possibilities opening for them east of the Slovak border. Two years ago the company was ready to call it quits. But the position of one of the biggest European producers of freight cars and chassis was fated to failure, due to privatization. Politicians and even people from the “gray economic” environment could not resist the lure of ruling a company which had intercepted this lucrative market beforehand. But privateers were approaching this company as if it were a lottery winning instead of a business opportunity which is apparent in the figures. One year before privatization their revenues were 2.4 billion Slovak crowns with a 19.2 million profit. A year later it had a 34.6 million crown account deficit. I Pg 32
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