Ivan Mikloš, Minister of Finances has confirmed the fine imposed to Slovnaft, a. s. Company.

Last update: 27.09.2005 06:00

According to § 59, section 2 and § 61, section 2 and 3 of the Law No. 71/1967 Coll. on Administrative Procedures he has refused disintegration of Slovnaft, a. s. Company, Vlčie hrdlo, 824 12, Bratislava 23 (Company Identification No. 31 322 832) dated on 21^st July 2005 against the decision of the Ministry of Finance of the Slovak Republic No. MF/4689/2005-961 dated on 6^th July 2005, by which the fine was imposed to Slovnaft, a. s. Company, Vlčie hrdlo, 824 12 Bratislava 23 (Comp. ID No. 31 322 832) in accordance with § 18, section, 1, letters a) and b) of the Law No. 18/1996 Coll. on prices in the wording valid in checked period, i.e. in 2002 and 2003 years and from 1st January to 30^th September 2004, by the reason of breaking the price discipline in accordance with §17, section 1, letter c) of the law No. 18/1996 Coll. on prices in the wording valid on 31^st December 2003 and § 17, section 1 letter d) and § 17, section 4, letter b) of the law No. 18/1996 Coll. on prices in the wording valid from 1^st January 2004 in the total amount of 1 341 573 135 Slovak Crowns (in works: one billion three hundred and forty one million five hundred and seventy three thousand one hundred and thirty five Slovak Crowns) and he has confirmed the decision of the Ministry of Finance of the Slovak Republic No. MF/4689/2005-961 dated on 6^th July 2005.

It is not possible to appeal from this decision in accordance with § 61, section 2 of the Law No. 71/1967 Coll., on administrative proceedings (administrative order) as amended. This decision is final one and it is considerable by the court.

The decision was sent to Slovnaft, a.s. Company, Vlčie hrdlo, 824 12 Bratislava on Monday , 26^th September 2005.

Peter Papanek
Advisor and Speaker of the Minister of Finance