Spectator on facebook

Spectator on facebook

Retail company official: PM does not have all the information

Contrary to Prime Minister Robert Fico’s cliams, the profit margin of the COOP Jednota retail chain does not reach 40 percent and retail chains are not responsible for price hikes in the sector, COOP deputy chairman Martin Katriak told the Sme daily in an article on December 4.

Food prices are on the increase around the world, Katriak said. The average trade margin is 20 percent. Trade margins that are higher than 40 percent only apply to goods that cannot be sold easily, he said.

-SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Slovakia commemorates the 1968 invasion. Here’s what it looked like Photo

Anniversary of the Warsaw Pact troop invasion that ended the Prague Spring.

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo

Regional authority stops money for school that warned against fascists

Though there is no obvious link between the criticism and the decision to scrap the subsidy, there are some indications.

Marian Kotleba