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Thursday, 24.04.2014, 02:40
The Government of Estonia agreed on the objectives of fiscal policy for the next four years at a cabinet meeting last week. The aim of the Government is to ensure the security in Estonia, increase incomes and welfare, reduce child poverty and keep the public finances in order, informed BC the press service of the Government of Estonia.
Keyword tags: Budget, Estonia, Financial Services, Legislation, Pensioners, Taxation
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.
Prime Minister of Lithuania Algirdas Butkevicius in an interview to radio Ziniu Radijas on Thursday said that compensation payments for pensions cut in the crisis should start in late 3rd quarter of 2014, informs LETA/ELTA.
According to the European Union's statistical office Eurostat data, the average male life expectancy at age 65 in Latvia is the shortest in the European Union, according to the Central Statistical Bureau's data, cites LETA/Nozare.lv.
Latvian Saeima approved amendments to the Law on State Pensions in the final reading today, which stipulate that equal part of all pensions – EUR 285 – will be indexed on October 1, 2014, informs LETA.
The Pension Sustainability Index by the German company Allianz Global Investors has ranked Latvia's pension system 9th best in the world. Estonia is ranked in 11th place and Lithuania in 18th place, informs LETA.
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.