International Internet Magazine. Baltic States news & analytics
Sunday, 20.04.2014, 21:53
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.
Keyword tags: Financial Services, Funds, Investments, Lithuania, Pensioners
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.
Almost all Estonian second pillar pension funds ended the first quarter of the year 2014 in black, LETA/Public Broadcasting reports.
The National Audit Office of Lithuania (NAOL) conducted an audit of the efficiency of the management and control system (MCS) for the use of 2007-2013 EU Structural Funds assistance and of the expenditure in the amount of LTL 3.64 billion (EUR 1.0billion) declared to the European Commission (EC), reports LETA/ELTA.