IN SHORT

SPP proposes 22-percent gas hike

GAS utility Slovenský plynárenský priemysel (SPP) submitted a proposal to the network regulator ÚSRO to increase gas prices by 22 percent for households as of October this year. The regulator has 30 days to decide on the proposal.

According to SPP, the reason behind the hike is the increase of oil and oil product prices as well as the weakening of the Slovak crown against the US dollar, the daily SME reported.

If ÚRSO approves the hike, an average household living in a family house that cooks and heats with gas will see their monthly bill go up by Sk650 (€16.75).

Households that use gas for cooking will only have to pay around Sk25 (Ř€O.64) extra on average.

Analysts say, however, that the gas price hike would also be reflected in consumer prices and may slow down real wage growth.

Heating companies are also planning to raise their prices in the autumn, by five to eight percent, and this, together with other price increases, would result in four percent inflation, not the originally projected three percent.

Get daily Slovak news directly to your inbox

Top stories

News digest: Sulík presents his pandemic plan, but PM Matovič remains critical

Rules for entering Spain change. Former police chief Gašpar remains in custody. State auctions the 5G network frequencies.

Richard Sulík presented his pandemic plan on November 23.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Government has learned little, hesitates to open school gates

Education is a question of rights. So is protesting against the government, but at what costs? Slovakia welcomes hefty investment that comes with a warning sign.

Special regional restrictions and better tracing. SaS has introduced its plan to fight the pandemic

The document is based on eight chapters, which should contribute to economic recovery.

Richard Sulík introduces his plan.