Insurance

Double-digit increases in health insurance premiums in 2025 are on the cards, stemming from a surge in payouts, at a rate over 16%, made by insurers to private hospitals in Greece in 2023.

Bulgaria's forthcoming adoption of the euro will bring changes to the liability limits for compulsory motor insurance.

The Seeger Center for Hellenic Studies and the Princeton School of Public and International Affairs (SPIA) have introduced the Paul Sarbanes Graduate Fellowship, designed for midcareer Greek professionals in public service to pursue a Master in Public Policy (MPP) degree.

Taxi drivers in Bulgaria have warned of a nationwide blockade before the Christmas and New Year holidays if their demands for the restoration of civil liability insurance to previous levels are not met by December 15. The planned blockades will affect key highways, including Trakia, Hemus, and Struma, as well as border crossings.

More than 1,200 taxis caused a blockade on the "Trakia" highway near Plovdiv, specifically at the 121st kilometer.

Taxi drivers from over 50 cities across Bulgaria came together for a national protest against the sharp rise in the cost of mandatory "Civil Liability" insurance.

Taxi drivers across Bulgaria will stage a nationwide protest today, expressing outrage over the sharp rise in "Civil Liability" insurance premiums. They claim the increase is both drastic and illegal, accusing insurers of operating as a cartel. Representatives of the industry have engaged with institutions and political parties, seeking intervention.

Significant changes for home and car owners come in 2025, as regulations on compulsory property insurance, as well as deductions and how to pay ENFIA are changed.

The Greek banking sector is better placed than in the past to withstand potential shocks and perform its intermediation function, despite a slight deterioration in the asset quality of credit institutions, according to the Financial Stability Review released by the Bank of Greece on Tuesday.

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The board chairman of the National Bank of Greece and the Hellenic Bank Association, Gkikas Hardouvelis, stated on Monday the capital adequacy ratios of Greek banks are strong and very close to the corresponding European average, while the liquidity ratios far exceed the minimum requirements and the European average.