Aggregate German savings high, but many have none at all
Aggregate German household wealth may have reached new highs, but almost a quarter of all households have no savings whatever, according to a survey conducted for ING bank. Frankfurt (dpa) [..]
Representatives of IPF Digital Latvia, which is a provider of financial services, have told the LETA news agency that according to a survey which the company ran, 25% of people [..]
Swedbank: Some 38,000 people in Estonia have increased 2nd pillar contributions
During the first half of 2024, almost 38,000 people in Estonia submitted applications to increase their monthly contributions to the second pension pillar from next year. More than half of [..]
For the first time this year, the Estonian government plans to issue bonds for the country’s residents, which would bear a fixed interest and be traded on the Tallinn Stock [..]
Over 60% of Latvians would choose to invest in real estate – poll
If they had spare money, 63 percent of people in Latvia would choose to invest it in real estate – a home, land property or forest, shows a Norstat poll [..]
Tax-free pension in Estonia to remain at EUR 776 per month from 2025
The Estonian Ministry of Social Affairs has drafted a bill that would fix the tax-free income of a person who has reached retirement age at 9,312 euros per year, or [..]
Contributions to private pension funds up 17.9% y-o-y in 2023
A total of EUR 113.645 million were paid into Latvia’s private pension funds in 2023, which is a 17.9 percent increase against a year before, according to data from the [..]
Majority of residents have no idea how much one can save for his or her retirement in Latvia
The majority of residents of Latvia, or 59 percent, have no idea how much one can save for his or her retirement, according to a survey commissioned by SEB Life [..]
Cbank: Estonian household deposits grow for 5th consecutive month
The deposits of households in Estonia grew for the fifth consecutive month, according to the latest overview by the Bank of Estonia. The balance sheets of the banks stood at [..]
Survey: 39 pct of Estonian residents satisfied with their financial situation
Although the Estonian economy has been in decline for eight consecutive quarters, a financial security survey conducted by SEB reveals that 39 percent of the country’s residents are satisfied with [..]
From 2025, it will be possible to invest in cryptocurrency through an investment account
The Estonian Ministry of Finance has sent on a second round of approvals a bill seeking to introduce a number of new requirements for cryptocurrency service providers and to bring [..]
LHV expert: Rising deposit rates have led Estonian residents to cut consumption
Heido Vitsur, expert at LHV, said in his comments on retail data for November that the rise in interest rates on term deposits in banks to to 4-4.5 percent has [..]
Bailiffs to send more than 100,000 reminder Christmas cards to debtors
Bailiffs are sending debtors across Estonia 101,254 red electronic Christmas cards reminding them to pay their debts. The purpose of the Christmas card is to remind that even on Christmas [..]
Latvian household income rose by 9.1% in 2022 – reached EUR 740 per household member monthly
In 2022, compared to 2021, household disposable income increased by EUR 62 or 9.1 percent and reached EUR 740 per household member monthly, according to results from a survey conducted [..]
It is still hard to understand how 50% cut of mortgage rates might be applied – Citadele
It is still very difficult to understand how the government plans to apply the requirement for banks to reduce interest rates on mortgage loans by 50 percent, Johan Akerblom, Chairman [..]
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