14. aug 2003
14. aug 2003
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12. aug 2003
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11. aug 2003
11. aug 2003
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11. aug 2003

Petrol price hike set to boost inflation

NEW tax measures introduced on August 1 have resulted in petrol price rises of 9 percent. Experts expect retail prices to rise in response.One of the largest petrol retailers in the country, Slovnaft, reported that it had raised prices by Sk3.20 (€0.074) per litre, following a Sk1 increase midway through June. Other companies have made similar increases.The price rise brings the price of petrol in Slovakia to a similar level to those in Hungary, the Czech Republic, and Austria, although Slovakia's northern and eastern neighbours, Poland and Ukraine both have much lower prices.

Conrad Toft 11. aug 2003
11. aug 2003

Another dodgy deal swept under the carpet

INVESTIGATORS have decided to halt their inquiry into the sale of shares of the former steelworks Východoslovenské Železiarne (VSŽ). At the same time, current majority shareholder Penta Group has pushed through its proposal to take the VSŽ shares off the stock market.Jozef Bernát, head of the special prosecutor's office, confirmed for Slovak Television (STV) on July 28 that the investigation had been halted based on the fact that investigators had failed to prove that any crime had occurred related to the transfer of VSŽ shares. However, many remain sceptical that the deal was honest."Even after some time has passed, US Steel considers the sale of 21.24 percent of VSŽ shares from the portfolio of the state-owned Transpetrol to be unfair," said US Steel spokesperson Ján Bača to the TASR news agency on July 30.

11. aug 2003
11. aug 2003
11. aug 2003
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