International Internet Magazine. Baltic States news & analytics
Sunday, 12.07.2020, 12:02
Swedbank economist: Outlook for external demand improving
10.07.2020Swedbank chief economist Tonu Mertsina said that according to Statistics Estonia, the decline in exports deepened, but pointed out that the outlook for foreign demand is nevertheless improving.
Keyword tags: Analytics, Banks, Economics, Estonia, Financial Services
SEB Bank will no longer issue study loans starting next school year
10.07.2020Starting next school year, SEB Banka will no longer issue state-underwritten study loans, LETA was told by the bank.
Opera buys Lithuania’s Fjord Bank
09.07.2020Opera Limited, a software company and one of the world’s leading browser providers with more than 360 million users, intends to acquire Fjord Bank, a Lithuania-based digitalized bank, which on Wednesday launched its first exclusively online deposit and loan service, and will apply for the required regulatory approvals, Fjord Bank reported on July 9th, reports LETA/BNS.
Saeima approves the amendments allowing banks to write off irrecoverable mortgages taken out before 2008
09.07.2020Saeima in Latvia today approved in the final reading amendment to the Credit Institution Law and Law on Personal Income Tax, which allow credit institutions to unilaterally write off debts on mortgages taken out before the 2008 economic crisis, informs LETA.
The Bank of Lithuania to issue world’s first digital collector coin
09.07.2020The Bank of Lithuania is set to issue the world’s first digital collector coin in a project seen by the central bank as an opportunity to start discussions on digital money, informs LETA/BNS.
Deflation to continue in Latvia in coming months - bank analysts
Deflation in Latvia will continue in the coming months, bank analysts told LETA commenting on consumer price changes this past June.
Norwegian-owned Fjord Bank starts providing loans, accepting deposits in Lithuania
Fjord Bank, a Norwegian-owned Lithuanian company that obtained a specialized bank license last December, has started providing loans and accepting deposits from private individuals, informed LETA/BNS.
German Council Presidency in pandemic time
