International Internet Magazine. Baltic States news & analytics
Saturday, 25.06.2016, 15:15
AS LHV Varahaldus, asset management subsidiary of AS LHV Group, bought Danske Capital AS for 10.92 million euros, LHV told the stock exchange, informs LETA/BNS.
Keyword tags: Estonia, Financial Services, Funds, Investments, Pensioners
In the first quarter of the year 2016, the capital accumulated in the government-funded or second-pillar pension scheme in Latvia grew by EUR 72.9 million or 3.1% to EUR 2.4 billion at the end of March, reported LETA, referring to the Finance and Capital Market Commission (FCMC).
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.
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.