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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.

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General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

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GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.