Spectator on facebook

Spectator on facebook

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

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

Austrian Ambassador: The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.