LITHUANIA - Lithuanian is to to raise the pension age to 65 in a bid to improve the country's finances.
LITHUANIA - Lithuanian Prime Minister Andrius Kubilius said an opposition plan to raise retirement benefits risks undermining the country's currency.
LITHUANIA - The Lithuanian Association of Pension Fund Participants is suing the country's government for reducing contributions to its private pension system.
EUROPE/CENTRAL ASIA - Pension funds in Europe and Central Asia should provide pension increases in line with cost of living indexes instead of wages to make the systems more sustainable, the World Bank said.
LITHUANIA - A large number of Lithuanians have opted for the private pensions scheme from 2004, the Baltic News Service has reported.
LITHUANIA - Sodra, the Lithuanian state-run social insurance fund has registered over 202,000 agreements between pension fund managers and individuals who have chosen to join private pension schemes so far, the Baltic News Service reports.
LITHUANIA - Medicinos Banko Investiciju Valdymas (MBIV), the investment arm of Medicinos Bankas, one of the smallest Lithuania's commercial banks, has entered the pension fund arena, writes the Baltic News Service.
LITHUANIA - Lithuania's stock market, capitalised at US$2.5bn, soared 67% with single digit price-earnings ratios after a referendum in favour of eventual EU adherence, and a spate of acquisitions by Russian firms, wrote Gary Kleiman, senior partner at...