Monopolies reject lower fuel and energy prices

A MEETING between Economy Minister Ľubomír Jahnátek and dominant Slovak energy companies on August 11 failed to yield agreement on a ministry demand for lower energy and fuel prices.

Following the failed talks, the minister set another deadline of August 31 for expert groups to prepare an agreement leading to lower energy and fuel prices.

Jahnátek had already warned that if the two sides cannot come to a mutual agreement, the government will apply “a tougher solution”.

The new government of Prime Minister Robert Fico campaigned on a promise to bring down energy prices in the country, with Fico claiming that "everything the previous government did in the energy sector in Slovakia was energy treason."

Most companies active on the Slovak energy market are foreign-owned, and the socialist Fico government has accused them of being solely interested in profit.

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