Page 73 - Ekonomija i Biznis_septemvri 2016.indd

THE GERMAN
FEDERAL BANK
– BUNDESBANK
PROPOSES PENSION
AT THE AGE OF 69
In the last monthly report,
the German Federal Bank
Bundesbank proposed an
increase of the age limit for
retirement of Germans from
65 to 69 years of age. According
to the Bank, the Pension Fund
without appropriate reforms
may face financial problems
after several decades. The
analysis shows that the German
pension system currently rests
on solid foundations, however
one should gradually think
about an increase of the age
limit, primarily to 67 years of
age until 2030, and to 69 years
of age after 2050. Only in this
manner, the country would
be able to provide funds for
pensions with no difficulties,
at the level of 43 percent of
the average income. The
spokesman of the Government
of Germany, Stephen Seibert,
pointed out that they will keep
the decision for the reform to
include only retirement at 67
years of age. “The retirement at
67 years of age is a reasonable and The highest unemployment rate
necessary measure considering
the demographic development
in Germany. For this reason, the
implementation of these measures
will be conducted as agreed, step
by step”, Seibert said.
THE NUMBER OF FLASH WORLD
UNEMPLOYED PEOPLE
IN SLOVENIA FOR
THE FIRST TIME IS
BELOW ONE HUNDRED
THOUSAND
According to the information
of the Statistical Office of
Slovenia, the unemployment
in June reduced by 0.3 percent
points at a monthly level and
now it is 10.8 percent. At an
annual level, this is a fall of 1.2 of Economic Development,
percent points, and for the first
time after 2010 the nominal
number of unemployed people
reduced below the psychological
limit of one hundred thousand.
This happens while the
number of the active working
age population experiences a
nominal growth of 2,400 new
members of the workforce
of total 820,000, which is a
growth of 0.3% at a monthly
level. The greatest growth in
the employments is observed
in the processing sector, while
the greatest decline is observed
in the sector of education.
The average annual rate of
unemployment in Slovenia this
year is 11.8% which is also the
lowest rate after 2010 when a
fall to only 10.6% is observed.
was observed in Slovenia in 2014
when it exceeded 14%, and the
lowest one was in 2009 of only
6.3%.
The recession in
Russia reduced to
0.6% in the second
quarter
The gross domestic product of
Russia in the second quarter
experienced a fall of only 0.6%,
which is a double reduction of the
fall in the first quarter which was
1.2%. According to the Minister
Aleksei Uljukajev, the situation
of the Russian economy in the
real sector has improved, so in
the near future it is expected
for Russia to completely leave
the recession, and to start to
realize growth. According to
the assessments of the Ministry
of Economic Development, the
growth in the third quarter is
expected to be zero, while for the
last quarter, a growth of 1.2% is
stipulated, which at an annual
level will result in an average
fall of only 0.2%. The Russian
economy completely depends
on the import of oil and fuels,
hence the fall in oil prices from
114 American dollars in July 2014
to only 27 American dollars in
January this year, together with
the sanctions imposed by the
EU and the United States due
to annexation of Crimea, led to
severe recession in the country
and a strong fall of the ruble.
September 2016 Miroslav Sazdovski
73