Slovnaft appeals fine

OIL refiner Slovnaft will appeal against the Sk1.4 billion (€37 million) fine ordered by the Finance Ministry for what the ministry said was breaching pricing regulations.

According to the Hospodárske noviny business daily, Slovnaft is convinced that the ministerial inspection and findings were not in line with Slovak and European legislation.

Ironically, it will be the Finance Minister, Ivan Mikloš,
who will decide on the appeal.

Should the appeal be rejected, Slovnaft could ask to have the fine re-evaluated, but not make another appeal. according to the TASR news agency.

The only other recourse that Slovnaft has is to take the case to the Supreme Court.

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

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