Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Law to support domestic resources

THE RENEWABLE Energy Resources Act drafted by the Economy Ministry, stipulating, among other things, support for production of electricity from renewable sources and efficient combined production, was approved in parliament on October 22.

THE RENEWABLE Energy Resources Act drafted by the Economy Ministry, stipulating, among other things, support for production of electricity from renewable sources and efficient combined production, was approved in parliament on October 22.

The legislation stipulates financial support for energy resources with output exceeding 125 megawatts, with at least 30 percent of the input made up of renewable resources, as opposed to the current level of 20 percent. The act also allows the use of gases that are produced as secondary products in metallurgy for electricity production, the TASR newswire wrote.

This change should support domestic energy resources in order to reduce the country’s dependence on imported primary energy sources.

The opposition criticised the legislation as lacking transparency, claiming that it was tailor-made for U.S. Steel Košice, which had threatened to leave Slovakia. Christian-Democratic Movement (KDH) MP Alojz Přidal noted that the act will allow U.S. Steel to receive almost €15 million annually in the next 15 years.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump