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Many more defaulters, slightly fewer uninsured in 2007
240 thousand people had not paid for their medical insurance at the end of 2007, 26 percent more than at the end of 2006.
Inflation edges up to 1.1 percent
The inflation rate climbed to 1.1 percent in October.
Recession
Stage of the economic cycle characterised by decreasing growth in economic activities. This is measured as a decreasing growth of the volume of the gross domestic product or a growth that is below...
Part-time job
A job for which there is a permanent contract and for which a fixed number of hours was agreed that is less than the number of hours in a full day’s or working week.
Operating costs
The costs made to achieve the operating profits, that is the purchase value of the turnover, labour costs, and depreciation on assets, and other business expenditure.
Property income distributed to insurance policy holders
The yields of investments of pension or life insurance provisions which are seen as income from property received by policyholders from insurance companies, who pay the imputed pension and life...
Business cycle
The up and downturns of the economy within a five to ten year period. Usually there are the following phases.: recovery, boom, recession, and depression.
Block or day release programmes
One of the two tracks in secondary vocational training introduced by the WEB (Adult and Vocational Education Act). In this track students spend 60 percent of their time of practical training within a...
Wage dispensation
Regulation allowing employers to be exempt from having to pay the legal minimum wage or the normal collective labour agreement wage to employees who perform clearly below the required level due to...