Spectator on facebook

Spectator on facebook


State insurer reports almost 70 billion crowns in revenues in 1998

The Social Insurance Company (Sociálna poisťovňa) reported total revenues of 67.93 billion Slovak crowns ($1.67 billion) for 1998. Collection of pension insurance payments, including outstanding insurance fees, penalties, and fines, accounted for 66.11 billion crowns. From this, the state paid 1.133 billion crowns and transfers from the National Labor Agency amounted to 1.09 billion crowns. Other revenues were 1.81 billion crowns. This company provided this information in its annual report, reeleased on March 25.

Revenues were 382 million crowns higher than projected in the firm's plan for 1998, and were driven mostly by payments of overdue insurance installments, penalties and interest yields from bank deposits.

In 1998, the firm reported a 90.8% success rate in insurance collection, excluding payments of the state, the National Labor Agency and imposed penalities. As of December 31, Sociálna poisťovňa's outstanding insurance claims totaled 35.54 billion crowns.

Almost 83% of the fund's expenditures were on sick leave benefits.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).