Insurance

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.

BELGRADE - The Special Court in Belgrade Wednesday sentenced 20 members of a "traffic mafia" to between five months and seven and a half years in prison for causing huge losses to insurance providers by defrauding them with false insurance claims.

Slobodan Knezic, organizer of the criminal group, was given a concurrent sentence of seven years and six months in prison.

Court sends 20 members of "Traffic Mafia" to prison

BELGRADE -- The Special Court in Belgrade on Wednesday sentenced 20 members of the so-called "Traffic Mafia" to between five months and 7.5 years in prison.

They were accused and found guilty of causing "huge losses to insurance providers by defrauding them with false insurance claims."

BELGRADE - The first results of a financial report submittion campaign show that a large part of the economy is ready for electronic communication with the government, which will be mandatory starting from 2016, Director of Serbia's Business Registers Agency (APR) Zvonko Obradovic said Monday.

Health Minister Panagiotis Kouroublis on Sunday announced a reduction in deductible paid by beneficiaries for the purchase of pharmaceuticals based on income criteria.

Speaking on a television news program, he said the measure will be taken in the next few months. He also said the system for physicians' appointments to the public health system will also change.

By Roula Salourou

Greece?s poor demographic performance is evolving into a major threat for the country?s social security system, as a recent study conducted by the National Actuarial Authority and submitted to the European Commission has shown that the Greek population will shrink dramatically from 11.045 million last year (according to Eurostat) to 8.5 million in 2060.

By Evgenia Tzortzi

Insurance companies may have experienced a 30 percent decline in turnover in recent years, but they are enjoying a rise in profits and a significant increase in their capital yields, a study by the Association of Insurance Companies for the period between 2010 and 2013 has shown.