International Internet Magazine. Baltic States news & analytics
Tuesday, 09.02.2016, 22:31
The Estonian Ministry of Social Affairs has sent out for endorsement a bill whereby approximately 70,000 lone pensioners would receive an annual supplementary payment of 115 euros in accordance with a decision the government made in 2015, informs LETA/BNS.
Keyword tags: Analytics, Estonia, Financial Services, Legislation, Pensioners, Society
AS LHV Varahaldus, a subsidiary of the Estonian financial group LHV, on Friday concluded with Danske Bank A/S and its Estonian branch an agreement on the acquisition of 100% of the shares of Danske Capital AS, reports LETA/BNS.
The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by more than EUR 327 million in 2015 to EUR 2.336 billion, reported LETA, referring to the Association of Latvian Commercial Banks.
Lithuania’s MPs deliberating on the social model worked out by the government should approve the envisaged indexation of pensions, President Dalia Grybauskaite has said, adding that, in her view, pensions in Lithuania should catch up with the pension levels of the neighboring countries, informs LETA/BNS.
The average retirement pension in Lithuania will increase by 8.21 euros, or 3.2%, to 265 euros on January 1, 2016 in line with the government’s decision, which will affect approximately 857,000 people, reports LETA/BNS.
The average old-age pension in Estonia was 370.9 euros per month in the third quarter of 2015, Statistics Estonia said on Friday, cites LETA/BNS.
A fresh report by the Organization for Economic Cooperation and Development (OECD) shows that the average net output of Estonian pension funds in 2014 was 4.7%, which means that Estonia places 28th among the 34 countries surveyed, but Estonian asset management companies are criticizing the report's methodology, the LETA/Postimees reports.