bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 30.03.2017 | Name days: Nanija, Ilgmārs, Igmārs
LatviaLatvia

Average savings of Latvian men are 18% larger than those of Latvian women

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvians create savings mostly for unexpected emergencies. Such is the motivation of 71% of people who create savings in Latvia. The second most popular reason for creating savings is making plans for retirement, which is used by 32% of residents who create savings in Latvia.

24% of respondents divert their free funds to the realization of their dreams, 19% divert their money to ensure their child’s future. Only every tenth respondent creates savings in order to make more money. 41% of respondents create savings for some specific purpose, according to results of a recent survey by Swedbank.

The most popular methods for creating savings include bank deposits (35%), cash savings (26%) and investments in real estate (17%). Alternatives like securities and deposits in investment funds are not too popular with Latvians (3% and 1%, respectively). Residents most often divert 10% of their monthly income to savings. Nevertheless, Latvian residents still lack the finances to create savings – this is claimed by 70% of respondents.

The favourite method for creating savings is a deposit bank account – it is used by more than 80% of Swedbank deposit clients. Compared with the first half-year of 2014, the total number of deposit account users and their safety reserves have grown by 15%. The majority of those clients are 35 and older. Women create savings more often than men (60% of deposit clients are women). In terms of size of savings, however, men are in the lead in terms of creating savings. On average, men’s savings are 18% larger than savings of women.

«The culture of creating savings is gradually developing in Latvia. What is important is that more and more residents take into account the sense of security that is provided by savings. An analysis of our data shows that we have reached the largest volume of savings among Swedbank clients,» – notes the head of Swedbank Savings and Insurance Support office in Latvia Reinis Jansons.

Ref: 102.109.109.6834


Leave a reply

KNAB checks possible use of Riga City Council’s finances on social network campaign

Corruption Prevention and Combating Bureau has commenced an investigation on the possible use of finances of Riga City Council on political campaign on social networks.

FDC worried tax reform could significantly reduce state budget revenue

The possible consequence of the tax reform should be reviewed very carefully, BNN was told by representatives of the Fiscal Discipline Council.

Retail trade turnover in Latvia up 1.2%

Compared to February 2016, the total retail trade turnover rose by 1.2 % in February 2017. Turnover of retail trade in food products declined by 1.3 %, whereas turnover of retail trade in non-food products grew by 4.4 %.

Internet users blackmailed by new types of ransomware

A new type of ransomware has appeared on the internet – doxware. It blackmails its victims, threatening to publish users’ private and confidential files on the internet, eScan experts warn.

Economy Ministry’s Construction Policy Department has a new director – Olga Geitus-Eitvina

On 4 April, Olga Geitus-Eitvina will enter her post as the new director of Economy Ministry’s Construction Policy Department.

Cooperation among EU member states in investigations of criminal cases to be improved

On Thursday, 30 March, Latvia’s Saeima supported amendments to the Criminal Process Law. These amendments provide for lifting obstacles for cross-border cooperation among European member states in investigations of criminal cases and introducing a single tool for acquiring evidence in member states.

Tele2 plans to open at least 60 new base stations in Latvia this year

Tele2 communications operator plans to build at least 60 new base stations across all of Latvia this year. A total of EUR 3 million is planned to be invested in this plan, the company reports.

Estonian entrepreneur succeeds in Crimean court against Russian Defence Ministry

Estonian entrepreneur has won a trial against the Russian Defense Ministry in a case, where his is defending rights to own real estate in the Russian-annexed Ukrainian peninsular of Crimea.

Agreement reached in regards to minimal wages in construction in Latvia

Latvian Free Trade Unions Association and Latvian Building Contractors Union have agreed on cooperation to reach an agreement on minimal wage levels in construction sector, as reported by LBAS representatives.

Estonian pork producers hope to recover from crisis in no less than three years

In the Estonian pork industry, the amount of pigs will not grow in 2017 and to retake the market share lost to imported produce, it would take no less than three years, a meatpacking firm evaluated.

Seventeen citizens of Vietnam caught trying to illegally cross Latvia’s state border

Seventeen citizens of Vietnam and five guides have been arrested for illegal attempts to cross Latvia’s state border, as reported by State Border Guard.

Circle K Latvia commences reconstruction work at first fuel station

Circle K Latvia has begun reconstruction work at the first fuel station to give it a Circle K look. The opening of the first official Circle K fuel station is planned for May 2017.

WHO: Measles outbreaks occurring in Europe

In countries, where the proportion of the population vaccinated against measles has dropped, the spread of the dangerous infectious disease has been seen with larger outbreaks in Italy and Romania.

Government supports increase of funding for five sports

Prime Minister Maris Kucinskis’ led Latvian National Sports Council has decided to ask the Cabinet of Ministers to review the matter of increasing funding for five sports - bobsleigh, skeleton, luge, biathlon and ice hockey.

Nobel award in literature to be finally handed to Bob Dylan

American singer-songwriter Bob Dylan, who was last year named the laureate of the prestigious Nobel Prize in literature, has agreed to accept his award in Stockholm this week.

Caksa asked to refrain from illegal attempts to influence trade union

A letter has been sent to Healthcare Minister Anda Caksa, asking her to refrain from any attempts to illegally influence decisions of trade unions to refuse working extended work hours, as reported by Latvian Health and Social Care Workers Union.

Kucinskis wants to see Citskovskis in charge of State Chancellery because he has «bright eyes»

One of the strongest characteristics of Interior Affairs Ministry’s deputy state secretary Janis Citskovskis, who is a candidate for the post of director of State Chancellery, is the ability to form a strong and capable team, Prime Minister Maris Kucinskis said in an interview to 900 seconds programme in LNT.

Latvia’s largest taxpayers to be awarded for the twentieth consecutive year

On 30 March, the State Revenue Service will host the Large Taxpayers award ceremony. The festive event will be attended by Finance Minister Dana Reizniece-Ozola, SRS Director General Ilze Cirule and cooperation partners. Awards and certificates will be handed out to the country’s largest taxpayers in twelve nominations.

International credit risk insurer upgrades Latvia’s business risk rating

International credit risk insurer Coface has upgraded Latvia’s business risk rating to A3.

Mixer in U.S. suggests allies should be consistent in their messages

As the Baltic states foreign ministers met with the Speaker of the U.S. House of Representatives, the head of the Estonian foreign service emphasised the significance of consistency and clarity in messages by allies.

Circus support association claims signatures For Human Circus are fake

Riga Circus Support Association has submitted a request to State Police, Corruption Prevention and Combating Bureau and Saeima speaker to commence a criminal process in relation to signatures submitted to the Saeima by Animal Freedom.

Nordea economists: fate of Baltic States – prosperity or undue expensiveness?

Economic growth rate continues to speed up and become more balanced in all three Baltic States. Thanks to more rapid cyclic growth in Eurozone than expected and limited influence of political uncertainty on the global economy, Nordea Bank’s economists predict 3% growth in Lithuania and Latvia, and 2.5% growth in Estonia.

Georgia pleased with new visa-free travel to EU

After four and a half years of negotiations with the European Union, visa-free travel has entered into force for Georgian nationals travelling to the Schengen area, which has been marked by the Prime Minister of the Caucasian country with a trip to Athens and Brussels in a group of students.

Rinkevics invites USA to maintain presence in Baltic region

Strategic partnership between Baltic States and USA in the field of security and defence should continue, says Latvian Foreign Affairs Minister Edgars Rinkevics, inviting USA to maintain its presence in the Baltic region.

Delna: a possible conflict of interests identified in Healthcare Ministry

A possible conflict of interests has been identified in Healthcare Ministry. This conflict remains unresolved, as reported by Delna.