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State health insurer VšZP to reduce staff and sell property to lower debts

Slovakia’s state-owned health insurer, Všeobecná Zdravotná Poisťovňa, which ended last year with a €55 million deficit, is planning to cut its debts partly by selling redundant property, the TASR reported. "We're mapping properties that could be classified as surplus and then sold off. The first round of sales should take place in the closing weeks of the first quarter of 2011," said the insurer's head Marián Faktor.

Slovakia’s state-owned health insurer, Všeobecná Zdravotná Poisťovňa, which ended last year with a €55 million deficit, is planning to cut its debts partly by selling redundant property, the TASR reported.

"We're mapping properties that could be classified as surplus and then sold off. The first round of sales should take place in the closing weeks of the first quarter of 2011," said the insurer's head Marián Faktor.

The biggest health insurer in Slovakia recently introduced measures to improve its economic results, including staff reductions. According to Faktor, 307 of the insurer's employees have lost their jobs since November. Staff cuts are expected to save €5.5 million by the end of this year.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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