Insurance

The platform for applications for refunds of the 2019 and 2020 social security contributions to 23,000 salaried lawyers, salaried engineers and doctors is now open.

This concerns several million euros which were wrongly imposed on the above professionals and collected by the Single Social Security Entity (EFKA).

A draft law on managing assets confiscated over criminal activity was the last Finance Ministry bill to be voted in the plenary before elections.

The bill was approved in principle by ruling New Democracy votes alone.

An announcement of a major hike in the cost of top-up health insurance has caused an outcry in Slovenia and revived calls for ending this type of insurance, which is voluntary but required for virtually every type of health service bar emergency care and which is collected by private insurers.

The eurozone is near the end of the tighter monetary policy cycle, Bank of Greece Governor Yannis Stournaras said on Wednesday.

Addressing a conference organized by the Federation of Insurance Companies of Greece, the central banker said Greece was also close to obtaining investment grade.

Measures to support and assist the relatives of the 57 people who lost their lives in the Tempe train collision of February 28, as well as passengers who were injured in the crash, are provided for in a bill submitted to Parliament on Friday by the Development and Investment Ministry.

Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said yesterday, warning of likely further rises in the future due to climate change.

The collapse of Silicon Valley Bank and the serious problems facing Credit Suisse will not have wider consequences for the European banking system, according to Greek bankers.

The road banks still have to travel to approach normalcy is strewn with pitfalls, despite the high profitability recorded in 2022. This is confirmed by the shift in their intention to distribute dividends by one year.

There are three main reasons for that decision, the first being banks' need to protect their profitability through stable and recurring profits.

Slovenia's leading insurance groups, Triglav and Sava, saw a decline in profit last year despite higher revenue and gross written premiums, a development they attribute to higher claims and inflation.

Nine out of 10 self-employed professionals, freelancers and farmers out of a total of 1.3 million who are insured in the Single Social Security Entity (EFKA) have once again chosen the lowest contribution category for 2023.