International Internet Magazine. Baltic States news & analytics
Saturday, 28.05.2016, 08:58
The Latvian Federation of Pensioners has sent a letter to Prime Minister Maris Kucinskis (Greens/Farmers) with a request to create a mechanism to compensate low-income pensioners for the rising cost of electricity.
Keyword tags: Energy, Latvia, Legislation, Pensioners
The average old-age pension in Estonia was 370.6 euros per month in the first quarter of 2016, data of Statistics Estonia show, cites LETA.
During the first four months of 2016, Latvia's private pension funds increased their aggregate capital by EUR 4.69 million, or 1.4%, to EUR 335.087 million, the Association of Latvian Commercial Banks informed LETA, citing information from the Private Pension Funds Committee.
An aging population and low productivity are the biggest challenges for economic growth in the Baltic countries, Swedbank's chief economist in Latvia said on Tuesday, cites LETA/BNS.
Although present pensioners need not worry, the pension system of Estonia definitely needs to be changed in the future as a result of demographics, Minister of Social Protection Margus Tsahkna told lawmakers on May 11th, cites LETA/BNS.
The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by EUR 73 million in the first quarter of 2016 to EUR 2.4 billion at the end of March, the Finance and Capital Market Commission (FCMC) said, cites LETA.
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.