Mol’s Slovak Refinery Warns of Windfall Tax Impact on Economy

Slovak refinery Slovnaft warns the approved solidarity contribution will have a negative impact on the energy security of the country, its economy, and future state budget revenue, it says in email on Thursday.

• NOTE: Slovak Cabinet Approves Special Tax for Oil, Gas and Coal Firms
• Slovnaft perceives it as discriminatory and highly disadvantageous that the Slovak government approved new solidarity contribution with a the rate of 70%, instead of the EU’s recommended 33%
• The refinery claims such a high tax can reduce its future investments
• Slovnaft and the Mol group will explore all legal options also related to the agreement ...