Construction Firm Behind Controversial Slovak State Contracts Seeks Bankruptcy Protection

Hyca, a construction company from Pezinok, has filed for judicial protection from creditors after facing mounting financial difficulties. The firm, which also manufactures truck superstructures, has been involved in several controversial state contracts and is currently burdened by penalties for the delayed completion of a NATO military camp. The company's business has declined significantly in recent years, and after narrowly avoiding bankruptcy last year, it now acknowledges having excessive debt levels. Hyca has appeared in multiple problematic public procurement cases, raising questions about the management of state contracts in Slovakia.