International Internet Magazine. Baltic States news & analytics
Monday, 20.02.2017, 12:56
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
Keyword tags: Analytics, Banks, Direct Speech, Economics, Estonia, Financial Services
Small and medium-sized enterprises of the Baltic states are less optimistic than previously in their outlooks for the new business year and even 31% of Estonian SMEs expect turnover to fall in 2017, SEB's annual Baltic business barometer survey showed.
The annual inflation in January continued to climb rapidly – consumer prices rose by 2.9% year-on-year. Within five months, inflation, starting at zero, reached an impressive level. There is no reason to expect similarly fast inflation rise during the next few months. All this year, however, inflation will remain close to 3%.
On Friday, the Russian national award for achievements in business aviation – the Wings of Business – will be held in Moscow for the first time. Rietumu Bank is the general sponsor of this event.
RAM experts: “January Turned to Be a Record Month with Regard to the Number of Corporate Bonds Issued in the United States”15.02.2017
Rietumu Group specialists have prepared a review of the profitability of investment funds of Rietumu Asset Management in January. The review includes an analysis of key economic indicators, the monetary policy. It provides comprehensive information on the situation on stock markets, bond, currency and commodity markets. The review is accompanied with extensive comments from experts.
According to the results of the Survey of the Payment Habits of Lithuanian Residents, in 2016 survey participants holding accounts made utility payments slightly more often online, while at payment institutions – less often. Other payments, by nearly all of the surveyed, were made online rather than at bank or credit union branches. Cash payments were made somewhat less frequently at trading venues.
Residents of Latvia have to spend larger part of their monthly income in taxes than residents of Lithuania or Estonia, as Swedbank Institute of Finances informed LETA.