Spectator on facebook

Spectator on facebook

Slovnaft fine confirmed

THE FINANCE Ministry has confirmed a fine of Sk1.3 billion (€33 million) levied against Slovak oil refinery Slovnaft for what is said were breaches of price discipline.

However, Slovnaft now plans to attack the verdict at the Supreme Court and Slovnaft's owner, the Hungarian MOL concern, has even said it will seek international arbitration on the issue, the daily Pravda reported.

Finance Ministry officials said they expected such a reaction.

"We are prepared for this. We acted in line with the law and our conclusions are backed up [with arguments]," the ministry's spokesman Peter Papanek said.

The Finance Ministry argues that Slovnaft made inordinately high profits in past years, which is the main reason for the enormous fine.

Slovnaft's director, Marian Jusko said that MOL is now "rather unsure about what profit is considered acceptable by the state".

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

Top stories

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Southern Slovakia will face heat again

The first-level warning is issued for the 16th and 17th.