Thu, 20 Dec 2012: Growth to continue for Latvia…

The construction sector grew the most year-on-year, by 16 percent. Manufacturing recorded a 10 percent increase, and the hotel and catering sector also grew 10 percent. Trade increased 7 percent, ...

Wed, 7 Sep 2011: Estonia leads EU economic growth…

25. The 13.4 billion euro economy, the third in Eastern Europe to adopt the euro, which it did this January, is growing at the fastest pace in the European Union this year. Second-quarter gross ...

Wed, 16 Feb 2011: Vigorous recovery at hand…

Output rose 2.3 percent from the third quarter, the biggest jump in more than four years. The country’s 14 billion euro economy benefited from Swedish and Finnish demand for its electronic...

Wed, 3 Nov 2010: Bankers smiling as the money rolls in…

Swedbank said that its operations in the region had a quarterly profit for the first time since 2008, while Nordea became profitable in the second quarter of this year. At the height of the cris...

Thu, 3 Jun 2010: Industrial output registers big jump…

The 14 billion euro economy will probably grow this quarter from a year earlier and compared with the first three months, when the economy shrank a seasonally adjusted 2.3 percent on weak consumer...

Wed, 5 May 2010: Banks say outlook improving…

Handelsbanken’s profit climbed to 2.8 billion kronor (291.6 million euros) from 2.77 billion kronor. SEB’s net income fell to 674 million kronor from 1.03 billion kronor. Nordea, SEB ...

Wed, 28 Apr 2010: Nordea evaluating Parex purchase…

According to Alfven, what he told Dagens Nyheter was a general comment, that Nordea would consider all the possible takeover options. For instance, last year Nordea took over two banks in Denmark....

Thu, 10 Dec 2009: Bank consolidation expected as crisis creates opportunities…

Nordea’s chief financial officer Fredrik Rystedt sees potential for acquisitions in the fragmented markets of Denmark and Poland, though is writing off hopes of big growth in the troubled ...

Thu, 8 Oct 2009: Baltics too small to damage Swedish economy…

Nordea's net loan losses jumped to 425 million euros in the second quarter, up from 36 million euros a year earlier. Clausen says that loan losses have probably peaked, and that "loan losses in 20...

Thu, 6 Aug 2009: Lattelecom secures new funding for expansion…

"Today we see that those Latvian companies that successfully produce goods for export or provide important services on the domestic market are significant contributors to the economic developmen...

Wed, 22 Apr 2009: Credit default on the rise …

Furthermore, many analysts and bank representatives have raised fears that the number of people who cannot repay loans 's and subsequently the number of repossessions that take place 's is only g...

Wed, 10 Dec 2008: Consumer prices to tumble …

November's 0.3 percent decline in CPI included a noteworthy reduction in fuel prices, which dropped 10.3 percent on month 's a clear sign the impacts of recession are affecting the Estonian publ...

Wed, 29 Oct 2008: Bankers cautious despite good results…

They also had large problems caused by rapid economic growth, high inflation and large budget deficits. If the worst case scenario happens, recovery for Latvia's economy would take some 3-4 years,...

Wed, 22 Oct 2008: Baltic Bank Satisfaction…

Lithuania continues to lead with a score of 82.1 percent, matching its all-time high from 2007 and putting satisfaction ratings well ahead of their competitors. According to loyalty rankings, the...

Wed, 3 Sep 2008: Nordea rubs in the bad news …

"We expect inflation pressures to ease gradually, as the substantial commodity and food prices increases are over now and wage hikes will be moderated by a softening labor market," Rantala said. ...

Thu, 1 May 2008: Nordea warns of Latvia’s vulnerabilities…

The eurozone is also continuing to feel the consequences of the subprime crunch, which is exacerbated by a substantial fall of the U.S. dollar," Wessman said. He said that the Baltic states are fa...

Wed, 16 Apr 2008: IMF report: risk of hard-landing …

A hard landing, by contrast, would see growth plummet to less than 2 percent. In Estonia, the government is bracing itself for GDP growth of some 3.5 percent, coming after 11.2 percent in 2006, a...

Wed, 19 Sep 2007: New York finance group to lead Latvia’s 427 million euro telecom deal…

Nils Melngailis, CEO of Lattelecom, said that of the 300 million lats (427 million euros) needed to pull off the deal, approximately 200 million will come from a syndicate of banks, while Blacks...

Wed, 22 Nov 2006: Let’s welcome the ‘Baltic tigers’ …

Inflation has pushed back the countries' chances of joining the eurozone in the near future. According to Nordea, the Baltic economies may be headed toward a situation where wages rise due to in...

Wed, 31 Aug 2005: Kraft to head Nordea’s operations …

30. Kraft said he had always considered regional cooperation as important for Estonia and was glad to be able to participate in the switch to the euro as head of a commercial bank. Kraft worked at...

Wed, 27 Jul 2005: Iki, Nordea team up for discount cards…

Holders will be able to use their Iki Premija cards to pay for goods and services anywhere payment cards are accepted.In November 2003 Vilniaus Bankas, the country's largest, launched a co-branded...

Thu, 18 Dec 2003: Nordea picks new chairman in a flash…

He said that the two agreed upon strategy, vision and objectives, differences of opinion remained with regards to how to reach targets. His comments, however, intrigued Seilenthal, who responded i...

Thu, 20 Nov 2003: LAL gets refinancing…

"It is one of the most inexpensive loans on the Lithuanian market, reflecting both the bank's attitude toward the prospects of LAL as well as the overall assessment of the country's economy," said...
?php get_sidebar(); ?>