CORPORATE NEWS

Benzinol wants out of ÖMV joint venture

Benzinol Inc., a gasoline distribution network located in Bratislava, wants to cancel its joint venture established five years ago with the Austrian refinery ÖMV, called ÖMV - Benzinol, by the end of the year. ÖMV, which owns 50 percent of ÖMV-Benzinol, has for several years wanted to be involved in the privatization of the Slovak refinery Slovnaft. After last year's sale of 39 percent in Slovnaft to the employee j.s.c. Slovintegra, and the acquisition of 51 percent in Benzinol by Slovnaft, however, the joint venture is no longer viable. ÖMV-Benzinol currently owns 6 petrol stations, which gives it a 1.4 percent share of the domestic fuel market. ÖMV itself owns another 19 petrol stations, controlling 4.4 percent of the Slovak market.

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Drop in car production lower than expected

Carmakers manufactured 11 percent less cars than in 2019.

Carmakers in Slovakia also produce electric battery and hybrid car models.

News digest: Slovakia tests en mass and launches vaccination of seniors

Health minister admits resignation if alert system not observed. Slovak diplomat has a new lucrative post.

The vaccination in nursing homes started.

A swab instead of a jab. The renamed testing kicked off

The government spent the week deciding about nationwide testing. Lockdown is starting to show in infection numbers, experts say.

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