President to push down prices

President Rudolf Schuster plans to intervene in the elevation of regulated prices, planned for next January. He wants to ease the social impact of the planned measures, the daily Hospodárske noviny has reported.

Schuster lashed out at the Office for Regulation of Network Industries (ÚRSO), suggesting that the steep growth of energy prices is socially unbearable for certain groups.

ÚRSO head Ján Matušký explained to the president that his office had taken control of the regulation of network industries at a time when energy prices were significantly deformed in Slovakia.

"Households paid less for electricity, but spent more on other products and paid higher taxes, from which the government paid power producers for uncovered costs," Matušký told news wire SITA.

Presidential spokesman Jan Fule suggested that the president is likely to step into the process of price increase. However, he has no direct powers to influence the prices.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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