Insurance

Over 60% of the cars stolen in Bulgaria since the beginning of 2014, are cars of 10 years or older, of modest makes, shows Interior Ministry statistics. 

Usually they do not have a CASCO insurance and the entire loss is covered by the owner, reports the Nova TV national channel. 

BELGRADE - Serbian President Tomislav Nikolic met in Belgrade on Tuesday with directors of insurance companies operating in Serbia to discuss the catastrophic floods which hit Serbia and the manner in which to continue to aid the affected areas and recover damaged facilities.

By Thanos Tsiros

The coalition government has received a “cheap and efficient” proposal aimed at combating youth unemployment that provides for a three-year suspension of social security contributions to the Social Insurance Organization of Freelance Professionals (OAEE) for new freelancers.

Greeks will soon no longer have to visit their social security funds at regular intervals to validate their health booklets, allowing them to receive free or subsidized healthcare.

A decision signed on Friday by Labor Minister Yiannis Vroutsis means that each citizen’s social insurance history will be recorded on a common database, known as Atlas.

Police in Drama, northern Greece, said Thursday that they were seeking a 50-year-old insurance salesman who is believed to have defrauded dozens of people and two insurance firms out of more than 40,000 euros since 2011.

Greece’s Single Auxiliary Social Security Fund (ETEA) has told the Labor and Social Insurance Ministry it is planning to cut auxiliary pensions by 5.2 percent as of July 1, a move which will affect over 1 million pensioners from the public and private sectors.

BELGRADE - Finance Minister Lazar Krstic said Wednesday that the government of Serbia passed an amendment to postpone the implementation of the amended rates for pension and disability insurance contributions by one month, to August 1.

BELGRADE - The announced partial exemptions from taxes and contributions payable by employers are just a prelude to an aggressive fight against the grey economy, Serbian Finance Minister Lazar Krstic said in parliament on Monday.

By Evgenia Tzortzi

The local insurance market is bracing for a challenging summer as the Bank of Greece has decided to force all of the sector’s companies to take part in stress tests to be conducted by the European Insurance and Occupational Pensions Authority (EIOPA) this fall.

BELGRADE - The Serbian government adopted on Thursday several bills, including amendments to the law on income tax for citizens, in order the reform the business environment.

According to the government information service, the bills include employment tax reliefs meant to combat the gray economy.