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BUSINESS BRIEFS

Increasing oil reserves costly

THE STATE material reserves administration (SSHR) has estimated it will need an extra half billion crowns ($11.1 million) from the state budget this year to increase Slovakia's oil reserves from 31 days of normal use to 40, as required by law.

The SSHR is required by Slovakia's European Union entry schedule to increase the reserves to cover 90 days of normal national oil consumption by 2008, a process expected to cost Sk10-12 billion in fuel purchases and construction of storage areas.

Top stories

A Slovak prisoner tattooed in Auschwitz, remained silent until he grew very old

Lale Sokolov fell in love in the concentration camp; only those close to him knew his story.

A tattoo, illustrative stock photo

Kiska: Only president can bestow awards

President Andrej Kiska turned to Constitutional Court over the law on state awards recently passed by the government.

President Andrej Kiska granting awards, January 1, 2018

Global warming is a myth, claims a hoax

According to recent hoaxes published online, snow in the Sahara disproves global warming and milk can block airways.

The snowfall in Sahara can be seen in this satellite picture.

Blog: Are flying cars coming to the skies?

At least 19 companies, including a Slovak one, are currently developing flying car planes, but there are still many issues that must be worked out.

AeroMobil