Insurance

Owners of uninsured private vehicles face fines up to 750 euros, with moderate estimates saying that the number of such vehicles in the country ranges between 870,000 and 1.1 million.

Parliament's seat distribution that came out of the June 7 general election opened a door that could carry Turkey from authoritarianism to democratization, but it also brought about a series of political uncertainties. The political scene has now become an equation with multiple variables.

By Evgenia Tzortzi

A lack of cash availability accounts for 84.3 percent of the delays in payments among domestic enterprises this year, the barometer of transaction behavior used by international credit insurer Atradius has shown, as uncertainty has seen the economy slip back into the red.

Bulgaria's Tourism Ministry prepares legislative amendments, which will offer better protection to users in cases of unfulfillment of paid organised excursions or bankruptcy of tour operators.

These measures are foreseen after the latest in a series of tour operator bankruptcies, which left 300 people without a holiday.

BELGRADE - Serbia has climbed out of recession and this year is expected to record an increase in economic activity, Andrea Simoncelli, president and CEO of insurance company Generali Serbia, said on Wednesday.

American International Group (AIG) has opened a new Shared Services Center (SSC) in the Bulgarian capital Sofia to support its insurance operations in 17 European countries.

The opening ceremony was attended by AIG President and CEO Peter D. Hancock and Bulgarian Deputy PM Meglena Kuneva.

BELGRADE - Serbia's National Health Insurance Fund (RFZO) said it was ready to act upon a warning from Commissioner for Information of Public Importance and Personal Data Protection Rodoljub Sabic and immediately stop unlawfully processing personal data.

A Turkish court has ruled for the South Korean Embassy in Ankara to pay a total of 1 million Turkish Liras in unpaid insurance premiums and other monies owed to one of its former employees.

By Roula Salourou

Only a growth shock could save the Greek social security system: Even after the interventions of the last five years in terms of retirement age limits, pension levels, expenditure cuts and distortion corrections, which resulted in savings of some 14 billion euros per annum, the system is again ailing.

After years of conducting rescue missions for stranded tourists in Croatia free of charge, the Croatian Mountain Rescue Service, HGSS, plans to introduce payment for its services.

HGSS personnel work on a voluntary basis. They also use military helicopters for their rescue missions and this creates additional costs for the state.