Insurance

By Roula Salourou

New mothers insured with the fund for freelancers and the self-employed (OAEE) will as of this year be entitled to an allowance of 150 euros per month for four months, bringing OAEE in line with Greece?s other social security funds.

BELGRADE - The privatisation of spas in Serbia has been postponed temporarily, Minister of Economy Zeljko Sertic has stated, adding that some of the spas could remain in government ownership.

The privatisation was postponed because some of them are involved in a legal dispute between the government and the state Pension and Disability Insurance Fund, he explained.

The chairperson of the National Health Insurance Fund (NZOK) Rumyana Todorova announced on Tuesday that no National Framework Contract will be signed for 2015.

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Newly-adopted amendments to the Penal Code are now enforcing harsh measures targeting concealment of social insurance contributions.

Among the heaviest penalties are imprisonment from two to eight years and confiscation of property.

The heaviest penalty will apply in cases of concealment of contributions that amount to more than BGN 12 000.

By Roula Salourou

Nine out of 10 workers who retired in the last four months who had belonged to the former special funds of banks and state corporations that have now been incorporated in the Social Security Fund (IKA) were below the age of 62, according to the Labor Ministry’s Helios database.

Lawmakers have moved to increase maximum insurable earnings to BGN 2600 M, up from 2400 M envisaged in the current legislation.

BELGRADE - The Serbian parliament has adopted five financial laws submitted by the National Bank of Serbia (NBS).

Under the Law on Insurance adopted on Thursday, insurance companies will no longer be allowed to engage in life and non-life insurance activities simultaneously.

The Bulgarian Parliament is to discuss the proposed controversial changes to pension insurance on Friday.

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Child mortality in Bulgaria is two times higher than that in the rest of the EU, said deputy Health Minister Vanyo Sharkov, quoting Eurostat data.

According to Sharkov, the data also shows that in Bulgaria twice as many people die from heart, ishemic and brain diseases.

More than BGN 2 B of the guaranteed deposits in the Corporate Commercial Bank (KTB), which is undergoing an insolvency court procedure, have already been paid off, reports the Deposit Insurance Fund (DIF).

The paying off of the insured deposits started on December 4 and only in the first day were paid off more than BGN 1 B.