Slovak supreme court upholds fine on Slovnaft

Issues

The supreme court of Slovakia upheld an earlier decision of the country's competition office and ruled that Slovnaft, a unit of Hungary's MOL, will have to pay a €9 million fine the office imposed on it citing the abuse of market power and discriminative pricing in 2005 and 2006. The supreme court overruled a ruling made by a Bratislava district court last March that turned down the PMU's decision, as did a first-instance court earlier. The Slovak competition office claimed that Slovnaft gained more than €6.5 million through discriminative pricing practices on the wholesale petrol and diesel oil market in the period. Slovnaft spokesman Anton Molnár told MTI they would take a stand on the matter, including eventual legal steps, only after having received the ruling in writing.

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