Personal finance

People walking in Istiklal Street in Istanbul, Turkey, 2 December 2021. Photo: EPA-EFE/SEDAT SUNA

By the end of January, the Single Social Security Entity will have distributed all the outstanding pensions from 2018 and before, while by the end of February, those pending before 2019 will be have been distributed, as well, stressed the Greek Minister of Labor and Social Affairs, Mr. Kostis Hatzidakis, on SKAI channel.

The Israeli city Tel Aviv is the most expensive city in the world, according to the British magazine "Economist", DPA reported. As a result, it de facto dethroned the French capital from this position. Paris remains in second place, which it shares with Singapore. Next on the top positions in the ranking are Zurich, Hong Kong and New York. Last is the Syrian capital Damascus.

38% use a loan to cover household expenses, 30% - for home repairs, and 14% - for car supplies

Thousands of Greek taxpayers, who "forgot" to declare to the Tax Office the income from their salaries or pensions they receive from abroad, were identified by the Independent Authority for Public Revenue (IAPR) through the process of automatic exchange of information with other countries.

The reduction in births and the doubling of the elderly is a -potentially- demographic time-bomb that puts the future of the insurance system and the possibility of providing guaranteed -in terms of amount and continuity- pensions in doubt .

Ljubljana – The National Assembly has passed changes to pension legislation to remedy injustices done to persons who voluntarily continued to pay mandatory pension and disability insurance contributions despite being for instance unemployed after 1 January 2013, not being aware that this would not count towards their pensionable years.

In 11 years, less than half of the amount of the guaranteed student loans have been reimbursed to the state. Students refrain from borrowing money because of the high interest rates, although a total of EUR 20 million was earmarked for student loans in 2021. In 11 years, only 1,274 students have applied for a student loan.

Ljubljana – Just over one out of three Slovenian households (36%) had at least one loan or instalment purchase to repay last year, excluding mortgage on their home, and about half reported making just as much to make ends meet without having to borrow or saving anything, according to a report by the Statistics Office.

From the end of June, the gradual payment of retroactive payments and increases to retirees, who have more than 30 years of insurance, is already in progress, pursuant to law 4670/2020, which provides for improved replacement rates.