Investment in Russia and Eastern Europe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who started this subject	7/1/2004 5:02:46 AM
From: Copperfield	of 1301

Social Development minister comments on pension savings RosBusinessConsulting. Thursday, Jul. 1, 2004, 12:52 PM Moscow Time Pension saving from will reach RUR154bn (about $5.3bn) by the end of 2004, Russian Healthcare and Social Development Minister Mikhail Zurabov announced at a government meeting today. According to him, at the beginning of this year savings from pensions totaled RUR97bn (about $3.34bn). Currently they have leapt to RUR123bn (about $4.24bn). RUR76bn (about $2.62) of this sum are the assets of the Russian Pension Fund, and RUR47bn (about $1.62bn) have been transferred to the deposits of managing companies. Zurabov stressed the fact that 50 percent of pension savings in the Pension Fund were invested in ruble-denominated securities, other funds were invested in foreign currency-denominated securities. Russian Ministries propose to make it possible to invest pension funds in a wider range of securities, including mortgage securities and other assets with a higher margin. The Social Development Ministry forecasts an increase in the amount of pension savings, which is estimated to reach a level of pension payments by 2050.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next