The government is raising the minimum wage to 3.000 kuna net

first_imgYesterday, the 128th session of the Government was held in Banski dvori. In the open part, 39 items on the agenda were discussed, including the proposal of the Minimum Wage Act and the Decree on the amount of the minimum wage, which will increase its amount to HRK 3.000 net.”As for the minimum wage, we will make a decision in which we will increase the minimum wage, which today amounts to HRK 2 net, to HRK 751 net. This is an increase of HRK 3, but this means an increase compared to 000/248. of 2018 percent. The gross amount, which today is 19, will be HRK 9, or HRK 3 higher”, Said the Prime Minister Andrej PlenkovićComparing with other Central and Eastern European countries, Plenković pointed out that according to Eurostat from July in Croatia at that time the minimum gross salary was 464 euros, and it was already higher than in Bulgaria where it is 261 euros, Lithuania where it is 400 euros , Romania where it is 407 euros, Latvia where it is 430 euros and Hungary where it is 445 euros.”After this increase, the minimum wage in Croatia will be higher from the New Year than in the Czech Republic where it is 469 euros, Slovakia and Poland where it is 480 euros and Estonia where it is 500 euros”, Plenković singled out.Compared to European Union countries, according to Eurostat, the minimum wage in Croatia (€ 464) in 2018 is higher than in:Bulgaria (261 €) Lithuania (400 €)Romania (407 €) Latvia (430 €)and Hungary (445 €)From 1 January 1, the minimum wage in Croatia (€ 2019) will also be higher than in: the Czech Republic (€ 505)Slovakia (480 €)Poland (480 €)and Estonia (€ 500).Additional costs for entrepreneurs will be prevented Minister of Finance Zdravko Marić presented the Proposal of the Law on Amendments to the Law on Accounting, emphasizing that the main goal is the abolition of the so-called licensing of accountants, ie deletion of part of the provision of Article 7, paragraph 4 of the Accounting Act, which was supposed to enter into force on 1 January 2019, which will prevent additional costs for entrepreneurs in the form of increasing prices for licensed accounting services.This solution will prevent additional costs that would inevitably spill over to micro and small entrepreneurs that make up the largest part of the market in the form of an increase in the prices of licensed accounting services.”, Explained Minister Marić.The Minister pointed out that additional administrative burdens are provided to entrepreneurs in a way that enables them to convert paper accounting documents into electronic documents, for the purpose of their storage and archiving.last_img read more

Nordic roundup: Oslo Pensjonsforsikring, Varma

first_imgNorwegian pensions firm Oslo Pensjonsforsikring (OPF) produced a return of 8.8% in 2013, with strong returns from higher-risk assets boosting overall investment profits. The return was marginally higher than the 8.6% generated the previous year. Delivering full-year results, the local authority pensions provider said: “In 2013, the return was created in asset classes that are normally associated with higher risk, unlike the year before, when it came from several sources.” Returns on Norwegian and foreign listed shares were 13.7% and 30.9%, respectively, it said.  Hedge funds, private equity, convertible bonds and high-yield bonds returned more than 10%. However, returns on money market investments and bonds were marked by low returns, OPF said. The company made a profit for the full year of NOK522m (€62.7m), compared with NOK446m in 2012. OPF said it completed its accumulation of reserves to meet new requirements relating to longevity risk from the Norwegian FSA, making a NOK375m provision in 2013 for increases in life expectancy.Total assets rose to NOK62.5bn by the end of December 2013 from NOK56.4bn the year before.Meanwhile in Finland, Varma ended 2013 with a return of 9% and said the country’s solvency rules had allowed it to invest profitably.The result compares with a 7.7% investment return reported the year before.Risto Murto, president and chief executive at Varma, said: “The period after the financial crisis has been good in terms of investments, despite the uncertain economic situation, and at the same time, the national solvency legislation has given us the opportunity to invest assets profitably.” The good investment returns produced meant the firm’s solvency was at an all-time high, he said.Total investment assets rose to €37.7bn at the end of December 2013, up from €34.4bn a year before.Solvency capital increased to 31.6% of technical provisions from 28%.Equities produced the highest returns among asset classes, finishing the year with a return of 21.8%, up from 14.5% the year before, the company said.In particular, Finnish listed equities fared well, with a 33.7% return after 2012’s 21.3%.Fixed income investments generated just 1.2%, down from 4.4%.Varma said these investments were burdened by its cautious risk policy, with government bond holdings focused on those bonds with the best credit rating.In the course of last year, Varma said it increased the proportion of equities in its portfolio and cut the fixed income weighting.Real estate investments returned 3.1% compared with 4.5% the year before, with 2013 returns in this asset class affected by fair value depreciations applied during the year, Varma said. Hedge funds returned 8.8% up from 6.8%.last_img read more

Starlets look ahead after Marakech Disaster

first_imgAfter scoring eighteen goals in three pre-tournament training matches in Italy, much was the expectation for the Black Starlets to impress at the ongoing Africa U-17 Youth Championship in Morocco.This was not to be after Ghana lost by a heavy 6-1 margin to the Super Eaglets of Nigeria in their very first group game in Marrakech.That result was Ghana’s worst defeat in international age-categorized football.With two more games to go, the Black Starlets still do have a chance to progress to the next stage and ultimately qualify for the FIFA U-17 World Cup in the United Arab Emirates later in the year.Negative feedback has been rife on social media, with Coach Paa Kwesi Fabin and his technical team at the receiving end of harsh criticism.At this point, Paa Kwesi Fabin and his players can only pick up the pieces and work towards turning things around in Ghana’s favour as they face Congo on Wednesday and Ivory Coast in the final group game on Saturday. Last night’s score-line, which can be called “the Marrakech Disaster” is similar to the “Bochum Disaster” in which the Black Stars received a 1-6 mauling at the hands of Germany in 1993.The results have sent worrying signals to the FA. Head of the FA’s technical committee and FIFA/CAF instructor, Francis Oti Akenteng believes “Ghana can still come back despite the lack of strength and experience by the players.”The former Accra Hearts of Oak coach does not “expect things to remain the way they are currently”, and has asked for “the players to be psyched up. I believe there are some very experienced people on the technical bench, for instance coach Addy who has seen it all is there so I suggest he supports the team with his vast experience. I believe his experience will [be brought to] bear on the boys now.”The Black Starlets, two time FIFA U-17 World Cup (91 & 95) and African Youth Championship (95 and 99) winners will play Congo on Wednesday and play La Côte D’Ivoire on Saturday in the final group game of the 2013 Africa U-17 Youth Championship in Morroco.last_img read more

Official: South Africa lose Fifa U-17 World Cup bid to India for 2017

first_imgSouth Africa were hoping to host the junior event seven years after the Fifa 2010 World Cup, but Fifa eventually chose India ahead of other contenders including IrelandToday Fifa officially announced that India have been handed the hosting rights for the 2017 U-17 World Cup.”India confirmed by the Fifa #ExCo as host of the Fifa U-17 World Cup 2017,” the world governing body’s official Twitter handle announced.India was among four countries that tabled an official bid to host the tournament along with South Africa, Uzbekistan and Azerbaijan. Republic of Ireland had showed an interest but never made a bid for the same, as revealed to Goal by a representative from the Irish FA.However, India edged past the rest, to win the right to host the first major tournament on the nation’s soil.As per the bid, eight cities – New Delhi, Mumbai, Kolkata, Bangalore, Margao, Kochi, Pune and Guwahati – are in line to be the venues of the tournament. “We are extremely excited about the development and would thank our president, Mr. Praful Patel for his contribution,” said Kushal Das, the general secretary of the All India Football Federation (AIFF), to Goal. “This is a great development and a big day for Indian football as they get to host one of the biggest events in football,” said Dr.Shaji Prabhakaran, Fifa’s development officer for South and Central Asia.India were deemed hot favourites with Sepp Blatter, the Fifa president also giving special attention to the bid.”India has a very good chance as of now to host the tournament as it will give them an entry into the elite league and also will allow its U-17 team to play as a host nation,” he told the media during his visit in Delhi last year.Being the hosts, India will automatically qualify as one of the participating nations in the tournament, and after their unfortunate absence in the 1950 Fifa World Cup even after been invited, this will be their first appearance in a Fifa World Cup of any kind.last_img read more