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ECONOMIC BRIEFS

Electricity raised 10% for businesses

As of August 1, electricity prices for businesses went up by 10 percent on average. For large electricity consumers (high voltage electricity), some 11,700 companies, the price will go up by 11.1 to 11.8 percent. The price for a select pool of low-voltage electricity consumers (25 percent of companies, or 66,000) will increase by 5 percent.

The price for Slovak Railways (ŽSR) will increase by 10 percent also because the last price hike from August 1996 did not affect it. According to the energy lobby, represented in cabinet by Economic Minister Karol Česnek, a former director of Slovenské Elektrárne (Slovak Electric Power Plants), the increase helps to make prices more realistic because electricity prices lag behind both production and distribution costs.

Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.