International Internet Magazine. Baltic States news & analytics
Wednesday, 30.07.2014, 05:57
The global financial services company Allianz unveiled Pension Sustainability Index (PSI), which covers 50 states and places the Estonian pension system on the 11th position; in 2011, Estonia was located on the 13th position in the rankings, LETA/Public Broadcasting reports. Latvian pension system proved to be more sustainable.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Financial Services, Funds, Pensioners
Latvia cannot hope to retrieve all funds that were invested to save and stabilize the national finance system, Minister of Economy Vjaceslavs Dombrovskis (Reform Party) believes, informs LETA.
SEB pension fund asset management companies in Latvia, Lithuania and Estonia have teamed up with the leading private equity firm in Baltics BaltCap to invest EUR 16.26 million of pension fund assets in developing Baltic companies through BaltCap Private Equity Fund II (BPEF II), informed BC head of corporate communication at SEB Martins Panke.
Swiss train manufacturer Stadler Rail Group (Stadler) emphasizes that it believes that the train procurement for leasing new electric trains to Latvia's passenger rail company Pasazieru vilciens (PV) has taken place, where the company was deemed the legal winner of the procurement, the company points out in a statement, cites LETA/Nozare.lv.
Closed Joint Stock Company Finasta Asset Management has announced that on 1 July 2014 the Harmonised investment fund Finasta Umbrella Fund – Finasta Word Equity Fund Subfund was successfully incorporated into Harmonised investment fund Finasta Baltic Fund, informs LETA/ELTA.
As of end of 2013, nearly 22,000 old-age pensioners in Estonia were entitled to get payments from the second pillar pension funds, but only 16,388 submitted requests to get payments, writes LETA/National Broadcasting.
New passenger trains are expensive and in order to procure them in Latvia, a financial solution was needed, and it is important that the manufacturer would fund the deal before the lease starts, CEO of Pasazieru vilciens Artis Birkmanis told the business portal Nozare.lv, cites LETA.