Spectator on facebook

Spectator on facebook

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.

Top stories

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška

Unique discovery proves contact between Great Moravia and Orient Photo

Arabic coin was found at the hillfort of Neštich.

A British athlete will represent Slovakia

Chiara Bunce has already won several medals at British youth championships.

Chiara Bunce