Actuarial science

One more person died in the past 24 hours from Covid-19 in Greece, with the total number of fatalities standing at 99.

Sotiris Tsiodras, the Health Ministry's spokesman and infectious disease expert, said in his daily press briefing that 31 new cases were recorded in the country putting the new sum at 2,145, of which 56 pct are men.

There's no beating around the bush, we are all stunned by what has happened in a very short time: An invisible pathogen has entered every country of the world and affected normal life as we know it, caused governments to shift to a war footing, and brought economic activity to a halt (for example cruise tourism) or at least caused it to slow down abruptly (the rest of the economy).

The actuarial study that came with the social security bill voted into law this week points to the likelihood that the age of retirement will be gradually raised to 72 years, starting in 2024, when the threshold will come to 68 years.

Bulgaria is the country with the highest mortality rate, data of the World Health Organization show. Mortality rate in this country is 15.4 per 1,000 people. Like in the rest of the European countries, the high mortality rate in Bulgaria is due to diseases of the cardiovascular system, non-infectious and cancer diseases.

Greek lawmakers started debating on Tuesday evening a social security bill, which Labor Minister Yiannis Vroutsis describing it as a "watershed" law that will affect current and future generations. 

Earlier, the minister tabled an accompanying actuarial report which he said "proves the [draft] law's viability until 2070."

A European money laundering watchdog has cautioned that a secretive investment-for-passports program run by Cyprus was vulnerable to money laundering and fraught with risk.
The Mediterranean island launched the scheme offering passports for an investment in 2013, with more than 3,000 people gaining citizenship through the program.

The average life expectancy in Bulgaria remains the lowest among EU countries, according to a new annual report from the European Commission on Community Health which was presented today.

The average life expectancy in Bulgaria has increased from 72 years in 2000 to 75 in 2017, but it is still the lowest in the European Union.

In 1960 the average life expectancy in Bulgaria was just over 69.2 years. This was followed by a 26-year-long slow improvement period registered in surveys. In 1986, the country's average life expectancy reached the age of 71.7 years, BNR reported.   This is the longest average life expectancy ever recorded before 1989.

The country's main social security funds, EFKA and ETEAEP, should brace themselves for a heavy blow from the Council of State's verdicts that sources say will deem a series of key clauses in the 2016 legislation known as the Katrougalos law as unconstitutional.

Average life expectancy at birth for a Turkish citizen increased to 78.3 years in the 2016-2018 period, the Turkish Statistics Institute (TÜİK) said on Sept. 24.