Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Gas prices up in November, down in January

AS OF the beginning of November, Slovak households have begun paying 4.26 percent more per month for natural gas. However, the increase is to last only to the end of the year, when gas prices should fall by 3.07 percent.

The flip-flop in prices is seen as the result of a compromise between the government, which has been pushing hard for lower gas and electricity prices, and the gas utility Slovenský Plynárenský Priemysel (SPP), which has insisted that higher oil prices this year require it to raise rates.

While PM Robert Fico greeted the news of the January price cut by calling it "historic", January prices will actually be about one percent higher than they were in October.

SPP, which released its January price proposal as the government shelved a draconian draft law on energy price regulation, said that a recent fall in oil prices on the world market, as well as the strengthening of the Slovak crown towards the US dollar, created room for the drop, the Sme daily wrote.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

European Commission accuses Slovak state rail carrier of obstructing inspection

Back in 2016, the ZSSK railway company allegedly marred an inspection, and thus the EC has sent a statement of objections now. ZSSK denies any fault.

Illustrative stock photo

Government raises salaries within its reach

Lowest wage impacts the population and firms differently.

Minimum wage also impacts surcharges for night and weekend work.

Not sure if your child has a hearing problem? Act fast

A son with a hearing disorder was born to the Majtáns. They have not given up and their story today helps people with a similar fate.

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for professor.

Marian Vanderka