Slovnaft facing Sk1.3 billion fine

OIL refinery Slovnaft is facing an Sk1.3 billion (€33.5 million) fine
for its pricing policy.

According to unconfirmed findings of an audit carried out by the Slovak
Finance Ministry, Slovnaft has incorporated unjustified costs in its oil prices.

Slovnaft, whose nine month profit in 2004 recorded a 347 percent
growth year-on-year to Sk7.9 billion (€203.6 million), is protesting the possible fine. Its officials also stated that the company is prepared to appeal
to Slovak and European institutions if the ministry confirms the fine, the Pravda daily wrote.

It is expected that the Finance Ministry will publish the results and
details of the control of Slovnaft in the coming days.

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

Get daily Slovak news directly to your inbox

Top stories

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pilot nationwide testing is over

The prime minister and the defence minister consider the pilot testing successful.

Zázrivá, the Dolný Kubín district

Trails and tribulations: the important work of Slovakia’s unpaid hiking route markers

But veteran trail marker says hikers need to pay attention to more than just signs.

Stanislav Kučera

Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov