ELECTRICITY

The Slovak Power Plants in Bratislava submitted a proposal to the Ministry of Finance to increase electricity prices by an average of 10% for citizens and by a maximum of 5% for companies. Electricity prices would not be increased for the Slovak Railways.

PRICES OF PETROL AND DIESEL

Starting May 1 1996 the Ministry of Finance increased the maximum allowed prices of petrol by Sk 1.00 litre and diesel by Sk 0.80/litre This is due to rising oil prices on the world market.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Richard Fletcher, Arthur Andersen, Prague tel + 00 422 2440 1301 or enter a text search 'Arthur Andersen' and 'Business Monitor'.