Slovnaft blames 3 billion Sk first half loss on currency

Slovakia's largest oil refinery Slovnaft Bratislava racked up a 2.95 billion ($70 million) Slovak crown loss during the first six months of 1999, a development which company officials blamed on a weak crown and high world prices for Brent crude oil. From January 1 to the end of June, the crown weakened against the dollar from 36.9 to 43.8, while the price of crude oil grew from $10.40 per barrel to $17.

Slovnaft's 1H99 operating profit dipped from last year's 1.6 billion crowns to 1.04 billion crowns, largely as a result of the 3.82 billion crowns the firm created in reserves against currency fluctuations.

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Twice as many Ukrainians work in Slovakia now than before the Russian invasion.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


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