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Government fails to reach agreement with monopolies

A GOVERNMENT ultimatum to Slovak energy companies to cut energy prices expired on August 31 with no deal in sight.

Even after the deadline passed, the Economy Ministry and energy company representatives tried and failed to find common ground, the daily Sme wrote.

The monopolies propose setting up a special fund to help pay the bills of people who are most affected by high energy prices. However, Economy Minister Ľubomír Jahnátek has rejected this idea, and is still calling on the firms to lower energy prices by around 6 percent.

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