International Internet Magazine. Baltic States news & analytics
Wednesday, 17.09.2014, 20:34
The yet-undisclosed investors who plan to acquire 50% of the Citadele bank's shares are globally acclaimed financiers, Prime Minister Laimdota Straujuma (Unity) said in an interview with the LNT show "900 sekundes", cites LETA.
Keyword tags: Banks, Financial Services, Funds, Investments, Latvia, USA
After several hours of debates, the government of Latvia on September 16th accepted the purchase offer from the U.S. fund Ripplewood Holdings for the purchase of Citadele bank, Prime Minister Laimdota Straujuma (Unity) told members of the press, while declining to comment on the conditions of the deal, cites LETA.
Today, the government of Latvia approved the European Union's (EU) Structural and Investment Funds for growth and jobs in 2014-2020, outlining the Cohesion Fund priorities, goals, and the attainable results, reports LETA.
As of September 1, 2014, Nordea Pensions Estonia AS is the new fund manager of ERGO pension funds in Estonia, Postimees Online reports.
In the first half of 2014 the assets managed by 2nd pillar pension funds grew by LTL 496.41 million (EUR 143.77 million) and stood at LTL 5.94 billion (EUR 1.72 billion) at the end of June 2014, reports LETA/ELTA.
The volume of the Estonian semi-obligatory second pillar pension funds, which are funded partly by the state and partly by people, increased at record pace in the first half of the year 2014, LETA/Postimees Online cites the fresh financial market report of the Financial Supervision Authority.
New EU-France partnership agreement with about € 16 billion from the European Cohesion, Social Fund and fisheries is aimed at investing in human resources in 2014-20. Over € 1.2 billion of this amount will be spent for France's outermost regions. The ESF will focus on the country's most vulnerable people: almost one third of all funding will be dedicated to social inclusion and the fight against poverty.