International Internet Magazine. Baltic States news & analytics
Saturday, 01.11.2014, 09:32
While Estonian people are showing more interest towards their retirement assets, the general level of awareness is quite low, Public Broadcasting cites a Swedbank survey.
Keyword tags: Analytics, Estonia, Financial Services, Funds, Investments, Pensioners
The Swedish investment fund East Capital Explorer judges that the Baltic countries remain an attractive investment destination and intends to divest a part of its fund holdings to expand operations, writes LETA/Postimees.
Ripplewood Holdings would like resell the Citadele bank in up to one year, whereas the government wants to set the term at five years, Prime Minister Laimdota Straujuma (Unity) told the LNT channel this morning, informs LETA.
The Riigikogu European Union Affairs Committee (EUAC) does not support the draft initiated by the European Commission on reducing the number of seats in the Committee of the Regions and the Economic and Social Affairs Committee by one per Member State; the reduction is to start with the least populous Member States, i.e. Estonia, Luxembourg and Cyprus, reports LETA.
The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.
The European Commission has revealed a list of 155 small and medium-sized enterprises (SMEs) from 21 states that will be first to benefit from the new €3 billion SME Instrument. These SMEs will each receive €50,000 to finance feasibility studies for their projects, and they can get up to three days of business coaching. After that, their projects may be considered for further financial support from the Commission worth up to €2.5 million.
The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.