BUSINESS IN SHORT

Slovakia sticks to nuclear energy

WHILE gas disputes between Ukraine and Russia resonated at Bratislava’s session of the European Nuclear Energy Forum, Prime Minister Robert Fico confirmed Slovakia’s long-term support for nuclear energy.

WHILE gas disputes between Ukraine and Russia resonated at Bratislava’s session of the European Nuclear Energy Forum, Prime Minister Robert Fico confirmed Slovakia’s long-term support for nuclear energy.

“Our effort is to achieve until 2030 the share of low-carbon technologies of the total production of electricity at the level of 80 percent,” Fico said, as cited by the TASR newswire. “We consider it important that new rules of the EU enable effective development of the nuclear energy sector while keeping the high level of safety.”

Fico voiced regret that the construction of the third and fourth blocks of the nuclear power station of Slovenské Elektrárne in Mochovce is lagging behind the scheduled plan, while there is a danger that the commercial operation of the third block may start only in early 2017. He also reiterated Slovakia’s plan to build a brand new nuclear power station in Jaslovské Bohunice.

Czech Prime Minister Bohuslav Sobotka confirmed the importance of nuclear energy in the Czech Republic.

“Without further development of nuclear energy, the Czech Republic and probably also some other countries would be unable to fulfil their pledges in the area of carbon dioxide emissions if they want to develop their existing industries,” said Sobotka.

EU Energy Commissioner Günther Oettinger voiced the need to generate affordable electricity for industry in Europe.

“We have to return to [economic] growth and competitiveness,” said Oettinger, as cited by the Euractiv.sk, adding that the EU needs high-performance industry and affordable electricity. Producers in Europe pay three to four times the price for natural gas compared to the United States, while the cost of electricity is two times higher on average.

Oettinger believes that the growth of the world population, the automation of the economy and usage of electric cars will lead to increased demand for electricity. He said that within the global energy portfolio, all forms of energy are needed and thus it is necessary to seek ways to integrate these forms of energy into a unified energy market. Regarding the question of whether the EU should exclude some sources of energy, or give preference to some energy carriers over others, the EU commissioner holds the opinion that the EU should not use the imperative “either or”, but push for the solution “as well as”.

The ninth session of the European Nuclear Energy Forum took place in Bratislava between June 16 and 17 and was attended by about 200 people, including top politicians and energy experts. Some of the main topics included new approaches of the EU to nuclear energy, questions related to transparency and a dialogue for choosing the energy mix.

Top stories

Slovakia is an ideal place for birdwatching.

Bear watching and birdwatching in Slovakia

IT IS five o’clock in the morning and a group of people who want to see Slovakia’s biggest predator in its natural environment have just headed out into the nature of Tichá dolina valley in the High Tatras. 

Police on the site

Police in New Zealand shot down Slovak wanted for armed robberies

NEW Zealand police officers in Auckland shot down, on the night of Sunday, August 2, a Slovak citizen, aged 21, who had been wanted for three armed robberies in the area.

Marián Hossa

Hockey Player of the Year is Marián Hossa, followed by Tatar

THE POPULAR poll for the best Slovak ice-hockey player has a winner for 2015: Marián Hossa, who won the Stanley Cup with the Chicago Blackhawks, markedly beat his competitors.

Finance Minister Peter Kažimír

Standard & Poor’s improves Slovakia long-term ratings to A+ with stable outlook

STANDARD & Poor’s Ratings Services raised its long-term foreign and local currency credit ratings of Slovakia to A+ from A on July 31, 2015. It also confirmed A-1 short-term credit ratings; with a stable outlook.

EU Energy Commissioner Günther Oettinger, Slovak PM Robert Fico and Czech Prime Minister Bohuslav Sobotka, from right.

Source: SITA

MOST READ ARTICLES


  1. Slovakia seeking to lure yet another carmaker
  2. Bear watching and birdwatching in Slovakia
  3. Police in New Zealand shot down Slovak wanted for armed robberies
  4. Spa towns offer a healing experience
  5. Cooperation with Germany still untapped
  6. Referendum: Gabčíkovo inhabitants do not want refugees there
  7. Hockey Player of the Year is Marián Hossa, followed by Tatar
  8. Standard & Poor’s improves Slovakia long-term ratings to A+ with stable outlook
  9. Slovakia’s ‘invisible minority’ counters migration fears
  10. US convoy will pass through Slovakia to NATO drill in Hungary
  1. Spa towns offer a healing experience
  2. Slovakia seeking to lure yet another carmaker
  3. Bear watching and birdwatching in Slovakia
  4. Slovakia’s ‘invisible minority’ counters migration fears
  5. US convoy will pass through Slovakia to NATO drill in Hungary
  6. Bojnice Castle exhibits human body anomalies
  7. Slovak auction house sold original bust by Bernini
  8. Germany as you may not know it
  9. Police in New Zealand shot down Slovak wanted for armed robberies
  10. The biggest Roma festival in Slovakia spills into Bratislava streets
  1. Spa towns offer a healing experience
  2. Slovakia’s ‘invisible minority’ counters migration fears
  3. Slovakia and migrants
  4. Helicopter crash claims one life
  5. The biggest Roma festival in Slovakia spills into Bratislava streets
  6. US convoy will pass through Slovakia to NATO drill in Hungary
  7. Land Rover may go to Poland, British media report
  8. Average salary now €929 per month
  9. Slovak auction house sold original bust by Bernini
  10. Germany as you may not know it