bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 14.11.2019 | Name days: Fricis, Vikentijs
EstoniaEstonia

Estonian interest in third pillar pensions lowest in EU, study finds

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

In Estonia, the interest of consumers in free-of-choice pension funds, is the lowest as compared to other member states of the European Union, a study of Better Finance investor rights group found.

Estonian public broadcaster ERR reports citing a study by Better Finance that returns were also low in Lithuania, Latvia, Bulgaria, and Spain, while Austria had the best return rate at just above zero.

Better Finance’s president, Axel Kleinlein has called on the European Union to «defuse the ticking time bomb» of European pensions, and can «ill afford» to ignore the issue and let things carry on as they are in the area.


Leave a reply

Municipalities to receive 5% instead of 25% from gambling tax revenue

On Wednesday, 13 November, Latvia’s Saeima approved amendments in the final reading to the Law on Lotteries and Gambling Fee and Tax. Amendments include a new proportion for the division of the aforementioned tax between the state and municipal budgets.

Video: Venice affected by highest flood waters since 1966

In Italy’s picturesque Venice, the water level has risen by 1.87 metres. Two people have died during the floods.

OECD: Lithuanians, among rich nations, having highest alcohol consumption

Alcohol consumption in Lithuania is the highest compared to other 43 countries in the world, found the Organisation for Economic Co-operation and Development, also referred to as the «rich-nations club».

Minimal pensions to increase in Latvia next year

On Wednesday, 13 November, Latvia’s Saeima approved in the final reading amendments to the State Pensions Law. These amendments provide for increasing minimal retirement pension amounts in 2020.

Environment Ministry refuses to approve new waste management regulations in Riga

Latvia’s Environment Protection and Regional Development Ministry has decided not to approve Riga City Council’s binding rules on waste management in the capital city, as confirmed by Riga City Council Housing and Environment Department’s Office for Environment head Evija Piņķe.

Harmony wants Honour to Serve Riga to cease working with independent deputies

Harmony political party may agree to continue working in the coalition of Riga City Council under the condition Honour to Serve Riga terminates cooperation with the Independent Deputies Faction, said vice-chairperson of Riga City Council Anna Vladova after meeting with Harmony’s faction on Wednesday, 13 November.

No legalisation. Estonia rejects calls for taking cannabis market in state’s hands

Over 1 000 activists in Estonia have signed a proposal for the state to tax and enforce its control over the illegal market of cannabis, by legalising it. Yet, legislators have not welcomed the idea citing health damage from the substance.

Elenger starts supplying Latvia with natural gas from Klaipeda terminal

Estonian Eesti Gaas subsidiary SIA EG Energija, which operates under Elenger brand, has commenced supplying Latvia with gas from Klaipeda floating gas terminal, as reported by Elenger Latvija board member Dāvis Skulte.

Harmony’s head promises constant control over party’s Riga City Council faction

The chairman of Harmony political party, Saeima deputy Jānis Urbanovičs promises to constantly control the party’s faction in Riga City Council. He wants certainty over the party’s ability to work.

Estonian minister’s actions to be investigated, says PM Ratas

Estonian ruling coalition has agreed that its Minister of Rural Affairs has to be investigated, Prime Minister Jüri Ratas has stated. The current situation is over alleged links to a conflict of interest involving farming subsidies,

Criminal process launched against Russian citizen for possible laundering of EUR 2.3 million

Latvia’s State Revenue Service has commenced a criminal process for possible laundering of EUR 2.3 million of illegally obtained funds by some Russian citizen, as confirmed by VID.

Tesla to build its Europe electric car factory in Germany

American electric carmaker Tesla will build a factory for the production of «batteries, powertrains and vehicles», its chief executive office Elon Musk has stated.

Netherlands planning lower speed limits to tackle pollution

In the Netherlands, the government seeks to considerably reduce the emissions of nitrogen oxide by reducing daytime speed limit on roads from 130 to 100 km/h, leaked government plans to the press say.

State Real Estate board member steps down over construction worker’s death

Following the fatal fall of a construction worker off the roof of Finance Ministry’s building, State Real Estate board member Kitija Gruškevica has stepped down.

Doctors: Healthcare Ministry’s offered wage increase model is unfair

Healthcare Ministry’s proposed model for wage increase for doctors is unfair is goes against the previously voiced desire to raise wages for all healthcare workers equally, said chairman of Latvian Young Doctors Association Kārlis Rācenis and Latvia Health and Social Care Workers Trade Union chairman Valdis Keris.

NATO planes intercept one Russian war plane

In the Baltics, NATO fighter jets from the air policing mission, were last week scrambled once to respond to an alert of a Russian military aircraft.

Proposal to merge FKTK and Bank of Latvia makes it to third reading in Saeima

On Tuesday, 12 November, Saeima’s Budget and Finance Committee decided to submit to the Saeima amendments to the Law on the Bank of Latvia for the third reading. These amendments, among other things, provide for the merging of the Bank of Latvia and the Finance and Capital Market Commission.

Estonian village for autism care under construction

In Estonia’s north-west, a village, where different forms of the care of persons with autism spectrum disorder is under construction.

Value of September’s exported goods in Latvia up 2.5% when compared to 2018

In September 2019 the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6 % less than a year ago, of which the exports value of goods was 2.5 % higher, but imports value of goods was 4.6 % lower.

Court declares Latvian cosmetics manufacturer Dzintars insolvent

On Tuesday, 12 November, Riga City Pardaugava Court declared Latvian cosmetics manufacturer AS Dzintars insolvent. Jānis Ozoliņš was appointed as the company’s insolvency administrator, as confirmed by the court’s representative Viktorija Mežance.

EU’s hand extended to Belarus as Lukashenko visits Austria

The President of Belarus, Alexander Lukashenko is on Tuesday, November 12, on a visit to Austria. It is his first foreign visit to an European Union member state in three years.

Latvia’s Healthcare Ministry proposes increasing wages for residents by 20%

Healthcare Ministry has come forth with a proposal to increase wages of local residents by 20% and wages of all other healthcare workers by 10%.

«The children arrive truly traumatised». Lithuania hosts 500 Ukrainian pupils

In Lithuanian schools, there currently learn more than 500 students from Ukraine, including the war-torn east of the country.

Internal Security Bureau’s investigations fail to improve situation in interior affairs services

Results of pre-trial investigations of the Internal Security Bureau (IDB) do not inspire improvement for the situation to improve within interior affairs services, which remain riddled with crimes of various categories, the bureau admits.

Ukrainian central bank ex-governor links attacks to oligarch over PrivatBank

Valeria Gontareva, whose family has been targeted in car and arson attacks, has linked the unclear events to an Ukrainian oligarch and the nationalisation of Ukraine’s largest bank PrivatBank.