ECONOMIC BRIEFS

Electricity prices to go up 5% in 2Q97

Electricity prices for businesses will go up 5 percent in the second half of 1997, according to Finance Minister Sergej Kozlík, who made the announcement on April 23. According to the director of the state-run electricity producer Slovenské Elektrárne (SE), even a 5 percent rise may not offset the specter of SE making a loss. "If the prices are not increased or are increased by just 5 percent this year, SE will be in the red in 1998. This consequently will put in jeopardy loan repayments for Mochovce's completion." SE is lobbying for an average 20 percent electricity price hike, with a big part of that being borne by individuals.

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

Dual quality in the EU will be punished

Slovakia’s Agriculture Ministry welcomed the change, calling it a victory.

Food prices keep falling.

Blog: Bringing top business minds and students together

Martin Kardoš of CSI Leasing introduces the Mentor Network Program aimed at pairing young talents with experienced mentors from the business world.

Martin Kardoš, Managing Director CEE at CSI Leasing, at one of the Mentor Network Program events.

Blog: What about parking slots for “brains”?

Will the state of biomedical research trigger reactions at least half as passionate as Bratislava's parking policy?

Illustrative stock photo