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Supreme Court reduces fine for oil refiner by over Sk500 million

The Supreme Court of Slovakia has decreased, by more than half a billion Slovak crowns (€16.7m), a fine imposed on oil company Slovnaft for violating pricing rules in 2002, 2003 and for nine months of 2004. The Finance Ministry, at the time led by Ivan Mikloš, had originally fined the company Sk1.342 billion in 2005, after ministry inspectors visited the company in late 2004. However, the Supreme Court has now reduced the amount the company has to pay to Sk838.07 million. The Finance Ministry’s legal representative, Irma Gbúrová, did notwant to comment on the court’s verdict, but Slovnaft spokesperson Anton Molnár welcomed the decision. However, the company has said it will comment further only after it has studied the verdict. SITA

The Supreme Court of Slovakia has decreased, by more than half a billion Slovak crowns (€16.7m), a fine imposed on oil company Slovnaft for violating pricing rules in 2002, 2003 and for nine months of 2004. The Finance Ministry, at the time led by Ivan Mikloš, had originally fined the company Sk1.342 billion in 2005, after ministry inspectors visited the company in late 2004. However, the Supreme Court has now reduced the amount the company has to pay to Sk838.07 million. The Finance Ministry’s legal representative, Irma Gbúrová, did not
want to comment on the court’s verdict, but Slovnaft spokesperson Anton Molnár welcomed the decision. However, the company has said it will comment further only after it has studied the verdict. SITA

Compiled by Zuzana Vilikovská from press reports
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