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NEWS BRIEFS

Gas prices rise for fifth time this year

The Ministry of Finance approved on October 23 the fifth increase this year of petrol and diesel fuel prices. The measure, which took effect on November 1, will mean that gas prices will go up by 0.50 Sk/liter and diesel by 1.50 Sk/liter. According to Slovnaft President Slavomír Hatina, the world crude oil prices are 50 percent above last year's average. Oil purchases constitute 65 -70 percent of Slovnaft's total expenses, Hatina revealed, adding that an increase in crude oil of $1 per barrel translates into a 100 million Sk increase in the oil refinery's monthly costs. Another factor influencing Slovnaft's increased costs is a rise in the dollar exchange rate, Hatina said, where if there was an increase in the exchange rate by 1 Sk, it would translate into a cost hike of 65-67 million Sk per month.

Top stories

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Kysuce inhabitants block busy road in protest

The blockade caused traffic collapse.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.