chance failures

diminishing balance method | declining balance method | fixed percentage of declining balance method | reducing balance method

diminishing balance method [ declining balance method | diminishing balance method of depreciation | declining balance method of depreciation | reducing balance method | reducing balance method of depreciation | fixed percentage of declining balance method | fixed percentage of declining balance ]

constant failure period

sold at a steady rate

financial risk [ credit risk | default risk | exchange risk | foreign exchange rate risk | interest rate risk | liquidity risk | loan risk | macroprudential risk | market risk | sovereign risk | systematic risk | systemic risk ]

[21] EUR 1 = EEK 15,6466 (rate constant since 1.1.1999).

The country's situation continues to reflect the major structural problems that beset it: (a) the shortcomings of the social protection system, whose per capita level of public expenditure is the lowest in the EU (despite some impact on the risk of poverty, which would have been 37% without social transfers including pensions); (b) the low level of education (in 2002, only 20.6% of 25-64 year-olds had completed at least upper secondary education, and the early school-leaving rate of 45.5% contrasts strikingly with the EU average of 18.8%); (c) the low skill level of large sectors of the working population, in an economy based on labour ...[+++]-intensive, low-paid work ("the working poor "), together with low participation in continuing training (2.9% in 2002), hamper sectoral restructuring and explain why productivity growth is so low (0.3% in 2002, unchanged since 2001).

5. Where, due to a failure of the responsible authorities to take adequate corrective measures following the application of a financial correction in an accounting year, the same serious deficiency or serious deficiencies is identified in a subsequent accounting year, the rate of correction may, due to the persistence of the serious deficiency or serious deficiencies, be increased to a level not exceeding that of the next higher category.

5. Where, due to a failure of the responsible authorities to take adequate corrective measures following the application of a financial correction in an accounting year, the same serious deficiency or serious deficiencies is identified in a subsequent accounting year, the rate of correction may, due to the persistence of the serious deficiency or serious deficiencies, be increased to a level not exceeding that of the next higher category.