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BUSINESS BRIEFS

Auto insurance to rise 50 per cent

COMPULSORY auto insurance is expected to rise 50 per cent next year after a 20-per cent hike in 2002, tracking a recent steep increase in damage claims and the value of insured vehicles.

The increases will come as the cabinet pushes through many other rises in regulated prices for 2003, including energy, rent, water and transport. The government has also promised to increase the lower rate of VAT consumption tax.

The increases are part of tightened fiscal discipline following the victory in September elections of four centre-right parties.

Top stories

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.