Sava

Insurer Sava reports lower half-year profit on flat revenue

Ljubljana – The insurance group Sava saw its half-year net profit reduced by a third year-on-year to EUR 28.9 million as operating revenue remained level at EUR 364.2 million. The company said the drop was mainly due the frequency of vehicle insurance claims returning to pre-pandemic levels.

Bosnia Probes Missing Flood Prevention Funds

The police chief in Bosnia's Federation entity, Dragan Lukac, said an investigation would be launched to determine whether money set aside for preventing flood damage had been spent illegally.

“One must not stay deaf or mute,” he said on Monday. “Someone has to be held responsible and if we determine that a crime occurred, together with the prosecutors we will file criminal charges.”