International Internet Magazine. Baltic States news & analytics
Wednesday, 20.08.2014, 13:42
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.
Keyword tags: Estonia, Financial Services, Funds, Investments, Pensioners
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.
The Estonian Health Insurance Fund (EHIF) ended the first half of the year with a higher than planned deficit because the income from the social tax's health insurance part has been lower than forecast, LETA/Public Broadcasting reports.
The global financial services company Allianz unveiled Pension Sustainability Index (PSI), which covers 50 states and places the Estonian pension system on the 11th position; in 2011, Estonia was located on the 13th position in the rankings, LETA/Public Broadcasting reports. Latvian pension system proved to be more sustainable.
Latvia cannot hope to retrieve all funds that were invested to save and stabilize the national finance system, Minister of Economy Vjaceslavs Dombrovskis (Reform Party) believes, informs LETA.
SEB pension fund asset management companies in Latvia, Lithuania and Estonia have teamed up with the leading private equity firm in Baltics BaltCap to invest EUR 16.26 million of pension fund assets in developing Baltic companies through BaltCap Private Equity Fund II (BPEF II), informed BC head of corporate communication at SEB Martins Panke.
Swiss train manufacturer Stadler Rail Group (Stadler) emphasizes that it believes that the train procurement for leasing new electric trains to Latvia's passenger rail company Pasazieru vilciens (PV) has taken place, where the company was deemed the legal winner of the procurement, the company points out in a statement, cites LETA/Nozare.lv.