International Internet Magazine. Baltic States news & analytics
Wednesday, 01.06.2016, 06:39
Estonian Finance Minister Sven Sester supports investments of the second pillar pension funds to be brought to Estonia, and for that issuing the bonds of companies owned by the state in Estonia and putting share positions on the market are considered, informs LETA/BNS.
Keyword tags: Estonia, Financial Services, Funds, Investments, Markets and Companies
During the first four months of 2016, Latvia's private pension funds increased their aggregate capital by EUR 4.69 million, or 1.4%, to EUR 335.087 million, the Association of Latvian Commercial Banks informed LETA, citing information from the Private Pension Funds Committee.
Receipts of the Estonian Health Insurance Fund in the first three months of the year 2016 totaled 244.7 million euros, 7% more than in the same period last year, and operating costs increased by 11% to 282.4 million euros, informs LETA/BNS.
Shareholders of the Nordic investment fund East Capital Explorer decided at Monday's general meeting to end the investment contract with the East Capital group and become an independent fund, informs LETA/BNS.
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.
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.