IN SHORT

SPP's profits from gas sales falling

EVER-WARMER winters and reduced consumption by Slovak households have cut into the profits of the country's natural gas utility, Slovenský Plynárenský Priemysel (SPP).

In 2004, SPP's profit on gas sales to households was around Sk316 million (€8.9 million), while this year it is expected to fall to Sk260 million, the Pravda daily reported on January 29.

SPP's biggest profits - over Sk25 billion in 2005 - continue to come from the transit of Russian gas to Western Europe.

At a time when it is under pressure from the government to reduce household gas prices, SPP has called on the energy market regulator, the Office for the Regulation of Network Industries, to allow it to make a fair profit. The company's margin on household gas sales this year is expected to be only 1.4 percent.

"We expect a reasonable profit from the sale of our products," said SPP spokesperson Dana Kršáková.

Get daily Slovak news directly to your inbox

Top stories

Teachers trust conspiracy media, they think the government is not handling the pandemic well

One-third of teachers think the coronavirus vaccination is a preparation for implanting chips, recent poll shows.

The school in Trenčianske Stankovce.

News digest: Security Council will meet to discuss nationwide testing

Overview of news from Monday, October 19, 2020.

PM Igor Matovič announcing some details about nationwide testing on October 18.

PM wants to test everyone, Kotleba already positive in neo-Nazism

Nationwide testing is less utopian than the blackout but it is driven by the same ambition.

PM Igor Matovič shows the antigen testing kit that should be used in the nationwide testing project in Slovakia.

The best concert I have ever heard was in Bratislava, says Dutch ambassador

Ambassador Henk Cor van der Kwast cycles with Slovakia's mayors and loves the Slovak capital for its rich music history.

Dutch Minister of Foreign Affairs Stef Blok, centre, with the Embassy team, including Ambassador Henk Cor van der Kwast, left of the minister, on March 15, 2019.