Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Insurer Dôvera reduces share capital

ZDRAVOTNÁ Poisťovňa Dôvera, Slovakia's largest private health insurance company, has reduced its share capital by Sk1.9 billion (€63.07 million), from Sk2.4 billion (€79.67 million) to less than Sk481.2 million (€15.97 million), the SITA newswire wrote on December 2, citing the Commercial Bulletin.Martin Šimun, the insurer’s director general, explained that Dôvera made this decision after legislative developments created an environment in which health insurance couldn’t advance and health insurers couldn’t invest in progress.

ZDRAVOTNÁ Poisťovňa Dôvera, Slovakia's largest private health insurance company, has reduced its share capital by Sk1.9 billion (€63.07 million), from Sk2.4 billion (€79.67 million) to less than Sk481.2 million (€15.97 million), the SITA newswire wrote on December 2, citing the Commercial Bulletin.
Martin Šimun, the insurer’s director general, explained that Dôvera made this decision after legislative developments created an environment in which health insurance couldn’t advance and health insurers couldn’t invest in progress.

Last year, Dôvera’s shareholders decided to increase the company’s share capital 15 fold, up by Sk2.25 billion to Sk2.4 billion, to boost its economic stability. However, new legislation put a 3.5 percent cap on operating costs and banned insurers from spending profits freely. This is another reason why it doesn’t make sense to tie up such a high volume of funds in share capital, Šimun said.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovak women scientists prove that science is not just for men

I grew up with the conviction that science belongs to men, said one awarded Slovak scientist.

Mariana Derzsi and Andrea Straková Fedorková

Five years after the Moldava raid, the victims have turned into perpetrators

June 19 marks the fifth anniversary of the brutal and much-discussed raid in the Roma settlement; and it points to five of those beaten being charged with perjury.

Moldava nad Bodvou

The UK is not cutting off its own hand, it is holding it out

It is not rational to behave towards the UK as if it posed a security risk to the EU.

Illustrative stock photo

Welcome to Slovakia?

Following Henry Acorda’s horrific killing, businesses need to stand up.

June 8 gathering in Bratislava