International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 17:03
The net asset value of Estonian Unemployment Insurance Fund (EUIF) grew fast in 2013 and reached 529.1 million euros in 2012, the economic year report approved buy the fund's council on Wednesday indicates, LETA/Public Broadcasting reports.
Keyword tags: Employment, Estonia, Financial Services, Funds, Insurance, Legislation
According to the data of the Ministry of Finance, in January-March 2014, the state and municipal budgets received LTL 5.363 billion (EUR 1.553 billion) in revenue. This is by 0.9% or LTL 48 million (EUR 13.9 million) more than expected and 10% more year-on-year, informs LETA/ELTA.
The average value of the investment units of the second pillar pension funds operating in the country increased by 0.87% and the total amount accumulated in the pension funds exceeded 5.6 billion litas in the first quarter of this year, reports LETA.
Youth unemployment in the EU is currently at about 23 per cent, almost twice as high as the overall rate, i.e. unemployment is at an unsustainable and unacceptable level. The EU’s top priority is to fight unemployment, and inside this priority, the major issue is that of youth unemployment. The EU and the member states need a targeted and effective response.
Participants of Citadele Bank’s 3rd level pension plans earned EUR 956,000 in 2013, and the net assets of the plans increased by EUR 4.4 million in comparison to 2012, informs BC head of corporate communications at Citadele Zane Udrase.
European Commissioner for Regional Policy Johannes Hahn said during a meeting with Prime Minister Laimdota Straujuma (Unity) yesterday that he had a high opinion of Latvia's plans for absorption of the European Union funds during the next planning period, LETA learned from the European Commission Representation in Latvia.
Former Skype's Estonian office head Tiit Paananen started working this week as a "residing businessman" in the state-owned Development Fund, LETA/Postimees Online reports.