Insurance
Shipping insurance rates soar on Red Sea missile attacks
Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.
The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.
EFKA debt deadline notice
The Single Social Security Entity (EFKA) started sending 281,000 email messages to freelancers, self-employed professionals and farmers with debts of less than 2,000 euros each, in order for them to pay off or at least arrange their debts and maintain their insurance capacity by the end of the month.
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Property owners miss out on ENFIA discount
Approximately one in two insured home owners in Greece will not secure the 10% reduction in the Single Property Tax (ENFIA) provided for those properties that have insurance coverage.
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Platform opens for 10% ENFIA discount on insured homes
The platform has opened for the submission of applications by property owners who have insured their properties, for the tax office to calculate the 10% discount on the Single Property Tax (ENFIA).
Owners can apply until February 22 on the myProperty platform, with the necessary checks following for the eligibility of applicants.
Plovdiv Initiates Free Public Transport Cards for Children Aged 7 to 14
Starting this morning, the city of Plovdiv commenced the distribution of free travel cards for public transport to students aged 7 to 14.
There were no reports of overcrowding at the service desks, where parents could obtain the new travel documents for their children.
EU Advances Right to Repair: New Directive to Mandate Repairable Appliances
In a landmark move toward sustainable consumption, the European Parliament and member states have paved the way for the adoption of a groundbreaking directive, ensuring consumers have the option to purchase appliances designed for repair.
64% of Bulgarians Struggle to Cover Basic Needs
A stark economic reality confronts Bulgarians as the Institute for Social and Trade Union Studies at the CITUB reveals that a staggering 64% of the population, totaling over 1.6 million individuals, cannot meet their basic needs due to insufficient incomes. This disheartening revelation sheds light on the deepening financial challenges faced by a significant majority.
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Uninsured vehicle owners to pay their fines through tax office
Owners of uninsured vehicles will have any fines of 500 euros imposed through the tax office, accompanied by administrative sanctions, such as the withholding of their license and plates.
Hellenic and ERGO eye CNP Cyprus
Two entities are currently in discussions regarding the acquisition of CNP Cyprus Insurance Holdings, the subsidiary of French insurance giant CNP Assurances.
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Home insurance picking up
The Greek insurance market has seen increased interest in insuring against natural disasters from homeowners recently, partly thanks to a favorable arrangement for a 10% discount in the Single Property Tax (ENFIA) for those who have coverage for earthquake, fire or flood.
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