International Internet Magazine. Baltic States news & analytics
Sunday, 01.05.2016, 11:00
The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by EUR 73 million in the first quarter of 2016 to EUR 2.4 billion at the end of March, the Finance and Capital Market Commission (FCMC) said, cites LETA.
Keyword tags: Analytics, Financial Services, Funds, Latvia, Legislation, Pensioners
No public procurement tender is threatened, and no tenders have been cancelled, the Finance Ministry in Latvia said today following media reports about major procurement deals being halted due to two new laws that still have not come into force, informs LETA.
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.
There is practically no risk that Krievu Island infrastructure development project in Riga may fail to receive European Union's funds, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) said in an interview with Latvian Television today when asked to comment on the State Audit Office's conclusion that the project may lose 100% of EU funding, informs LETA.
The infrastructure development project in Krievu Sala in the territory of Riga port may lose all 100% of EU funding because of the violations and mismanagement uncovered by the State Audit Office, cites LETA.
Total financing of healthcare by the Estonian Health Insurance Fund came to 974 million euros in 2015, approximately 65 million euros more than in 2014, informs LETA/BNS.
The Estonian Chamber of Commerce and Industry has put forward a measure to raise the share of investments that pension funds here must keep in Estonian instruments to 45% by 2020, informs LETA/BNS.