Latest Intelligence in Slovakia

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Type Product title / description Pub Price
CommentWire
CommentWire

Yukos: taking control of a crucial oil export route

Yukos, Russia's second largest oil company, will pay $74 million for 49% of the export pipeline operator. The deal will allow Yukos to export more oil to western Europe, boosting its position in Europe's oil market and helping it come out of the shade of its larger rival Lukoil.

Published By Datamonitor
21 Dec 2001
CommentWire
CommentWire

SPP: Slovak sell-off may end up a disappointment

The bids are likely to fall short of the government's expectations, partly because of price controls that mean that SPP must subsidize Slovak gas consumers. This is a problem for the government, which is torn between a need for cash and domestic accusations that it is selling off its assets too cheaply. It may have to enter into negotiations with the highest bidder.

Published By Datamonitor
28 Feb 2002
CommentWire
CommentWire

Slovakian electricity: the bidders line up

It is not surprising that some of Europe's largest utilities are keen to obtain a share in Slovakia's distribution sector. They are strategically placed with connections to Hungary, Austria, Poland, Ukraine and the Czech Republic, offering the companies the opportunity to provide cross-border transit as the various countries open to competition.

Published By Datamonitor
12 Apr 2002
CommentWire
CommentWire

EVN: eastern expansion thwarted

Austria's EVN put forward the highest bid for Slovakia's power distributor ZSE, but it was rejected in favor of a lower offer from E.ON. Although EVN is now appealing to Slovakia's government to have the decision overturned, it should brace itself for further disappointment: German giants such as E.ON have a great deal of clout in ex-Communist Europe.

Published By Datamonitor
07 May 2002
CommentWire
CommentWire

BP: shedding stations

Tough conditions in Hungary and Slovakia have prompted BP to shed its newly acquired Aral service stations in these countries. Although it has also sold two stations in Poland to Jet, BP is adamant it will remain in this market. Staying would be wise: the company has a good position as the largest foreign player, and has identified more attractive prospects.

Published By Datamonitor
06 Jun 2002
CommentWire
CommentWire

OMV: acquisitions boost regional leader

Austria's OMV is now a leading fuel retailer in Central and Eastern Europe, and the largest international retailer in Hungary and Slovakia. Not only is the company driving up fuel sales per site by acquiring sites with higher throughputs, but its new acquisitions will also enable the expansion of the non-fuel business at its service stations.

Published By Datamonitor
10 Feb 2003
CommentWire
CommentWire

MG Rover: checking out Slovakia

In an effort to improve financial results and sales, MG Rover is looking to central Europe for the manufacture and sale of new models, and has specifically expressed an interest in Slovakia. Shifting production to lower cost countries will help MG Rover in its bid to return to profitability. However, the company should consider how such a move will affect its brand image.

Published By Datamonitor
29 Jan 2004
CommentWire
CommentWire

Wincanton: further European momentum required

Wincanton has reported strong revenue and profit growth in its interim results. Operations within continental Europe have continued to prosper, vindicating the company's initially cautious approach to the market. However, faced with ongoing consolidation, Wincanton may need to make further progress in Europe if it is to maintain its competitive position.

Published By Datamonitor
09 Nov 2005
CommentWire
CommentWire

Eastern European Retail: foreign chains rattle the small shopkeepers

The new Polish government of the conservative Law and Justice party has promised to examine the encroachment of hypermarkets into the country's retail sector. However, an element of political calculation is thought to be involved in this: while about 100,000 people are employed in large stores, the retail sector as a whole employs more than 2 million, mainly in small independent shops.

Published By Datamonitor
21 Nov 2005
Expert View
Expert View

The gloves are off in central European fuel retail

Rapid network expansion and upstream muscle are the unstoppable forces pushing Lukoil to the fore of fuel retailing in central and eastern Europe (CEE). The firm is the key mover in the region, expanding its site presence by a remarkable 180% over the past three years. But selling petrol is not simply a numbers game: Lukoil is also successfully incorporating a strong shop proposition.

Published By Datamonitor
11 Apr 2006

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