Банкеръ Weekly

Briefs

IMF HAS COOKED UP RETIREES' POCKETS

The draft budget of the Social Insurance Institute (SII) projects pensions to go up 7% as of June 1, 2005. In the future the percentage of indexation will be 75% of the inflation rate and 25% of the insurance income. Thus, the increase is rather bound with the hike of prices, SII Chairman Jordan...
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