Business Briefs

October core inflation drops to 0.5%
New structure of SCP approved by shareholders
Slovnaft's EFPA complex reduces sulphur emissions

October core inflation drops to 0.5%

Core inflation decreased by two percentage points to 0.5% in October as net monthly inflation during the month stood at 0.2%, down on September's 0.5%, the Slovak Statistics Office said.
Year-on-year inflation stood at 8.5% in October a drop from September's 8.7%. Average inflation for the first ten months of this year was 12.8%.


New structure of SCP approved by shareholders

Shareholders of pulp and paper firm Severoslovenské celulózky a papierne Ružomberok (SCP) at a special meeting November 9 approved a new structure for the firm.
The SCP board of directors and the supervisory board will, except for Eco-Invest a.s. Ružomberok, include representatives of the new 50% shareholder Austrian company Neusiedler, new president of SCP Ján Líška said.
Neusiedler will have three representatives in SCP's new board of directors - chairman and vicechairman of the board of directors of Neusiedler, Michael Sablatnig and Gunter Hassler respectively, and Otto Pichler.


Slovnaft's EFPA complex reduces sulphur emissions

The Environmental Fuel Project Apollo (EFPA) complex at crude-oil refinery Slovnaft has reduced sulphur dioxide emissions by 60%, the firm said in a statement November 10. The refinery put the complex into full operation in April. While in March emissions of sulphur compounds amounted to 2,434 tons, in May the figure had fallen to only 1,141 metric tons. Emissions in September were 595 metric tons.
Vlasta Pastušáková, director of Slovnaft's department for environment protection, said that Slovnaft's annual emissions of sulphur compounds should fall to below 10,000 tons.


Compiled by Ed Holt
from SITA

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