Spectator on facebook

Spectator on facebook

Union insists it is following the law

Private health-insurer Union says its assets exceed the sum required by legislation by six fold, as it has over Sk1 billion (almost €33 million) in its accounts, the TASR news agency was told by Union spokesperson Judita Smatanová on October 14.

Private health-insurer Union says its assets exceed the sum required by legislation by six fold, as it has over Sk1 billion (almost €33 million) in its accounts, the TASR news agency was told by Union spokesperson Judita Smatanová on October 14.

"Therefore we are and will be able - as was also stated by the Health Care Surveillance Authority (ÚDZS) - to cover the health insurance of all our clients including the 41,000 new ones who decided to transfer to our company as of January 1, 2009," Smatanová said.

ÚDZS has launched proceedings against Union because its losses in 2008 could reach 50 percent of its basic assets, and this can threaten its license.

Union says it didn't break the law and is ready to discuss the situation with the ÚDZS. Union's Dutch shareholder, Eureko B.V., approved measures on October 13 that will further strengthen the company's position on the market. ÚDZS began its surveillance of Union on August 15 this year and called on the company to present its stance regarding its economic results, and a set of measures to reverse the negative economic development. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4