Thu, 20 Dec 2012: Growth to continue for Latvia…
Dec 19, 2012 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, ...Tags: Budget Policy, China, Construction Sector, Economic Development Model, Energy Resources, Eurozone, Hotel And Catering, Known Unknowns, Latvia, Manufacturing Industry, National Economy, Nordea, Pace, Technological Factors, Uncertainty
Wed, 7 Sep 2011: Estonia leads EU economic growth…
Sep 7, 2011 Baltics
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 ...Tags: Baltic Nation, Contraction, Detailed Forecast, Eastern Europe, Economic Growth, Economy, Estonia, European Union, Gdp, Gross Domestic Product, Leads, Nordea, Nordic Region, Pace
Wed, 16 Feb 2011: Vigorous recovery at hand…
Feb 16, 2011 Baltics
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...Tags: Abb, Domestic Economy, E Mail, Economic Recovery, Ericsson, Estonian Economy, Gdp, Helsinki, Nordea, Rose
Wed, 3 Nov 2010: Bankers smiling as the money rolls in…
Nov 3, 2010 Baltics
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...Tags: Bad Debt, Baltic Countries, Baltics, Economic Crisis, European Union, Investors, Kronor, Loan Losses, Money, Nordea, Quarterly Profit, Recessions, Seb, Second Quarter, Swedbank, Swedish Banks
Thu, 3 Jun 2010: Industrial output registers big jump…
Jun 3, 2010 Baltics
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...Tags: Computer Equipment, E Mail, Economist, Estonian Economy, Finance Ministry, First Three Months, Helsinki, Industrial Production Index, Nordea, Wood Processing
Wed, 5 May 2010: Banks say outlook improving…
May 5, 2010 Baltics
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 ...Tags: Baltic States, Banks, Business Environment, Ceo, Estonia Latvia, Handelsbanken, Kronor, Loan Losses, Loans, Net Income, Nordea, Outlook, Real Estate Market, Recessions, Rsquo, Seb, Signs, Swedbank, Wed 5
Wed, 28 Apr 2010: Nordea evaluating Parex purchase…
Apr 28, 2010 Baltics
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....Tags: Banks, Business Model, Denmark, Nordea, Nyheter, Possibilities, Risk Analysis, Rsquo, Spokesman, Takeover
Thu, 10 Dec 2009: Bank consolidation expected as crisis creates opportunities…
Dec 10, 2009 Baltics
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 ...Tags: Acquisition Route, Baltics, Bank Consolidation, Banks, Chief Financial Officer, Denmark, Financial Crisis, Mergers And Acquisitions, Nordea, Nordic Region, Organic Growth, Poland, Rival, Rsquo, Swedbank
Thu, 8 Oct 2009: Baltics too small to damage Swedish economy…
Oct 8, 2009 Baltics
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...Tags: Baltic Countries, Clausen, Economic Sense, Economic Terms, Euros, Loan Losses, Negative Direction, Nordea, Nordic Region, Recessions, Riksbank, Risk, Second Quarter, Sweden Economy, Swedish Economy
Thu, 6 Aug 2009: Lattelecom secures new funding for expansion…
Aug 6, 2009 Baltics
"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...Tags: Board Member, Business Partner, Confidence, Economic Development, Important Services, Kaspars, Lats, Lattelecom, Latvian Banks, Latvian Companies, Nordea, Seb, Stable Business, Swedbank, Telecoms Company
Wed, 22 Apr 2009: Credit default on the rise …
Apr 22, 2009 Baltics
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...Tags: April 13, Banks, Credit Default, Extreme Cases, Fears, Loans, Nordea, Pank, People, Property Repossessions, Unemployment Rate
Wed, 10 Dec 2008: Consumer prices to tumble …
Dec 10, 2008 Baltics
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...Tags: Baltic News Service, Cpi, Deceleration, Decline, Fuel Prices, Impacts Of Recession, Inflation Rate, Lauri, Maris, Nordea, Spending Habits
Wed, 29 Oct 2008: Bankers cautious despite good results…
Oct 29, 2008 Baltics
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,...Tags: Baltic States, Baltics, Budget Deficits, Christian Clausen, Deterioration, Economic Situation, Economic Slowdown, Economy, Group President, Inflation, Loans, Losses, Negative Impression, Nordea, Rapid Economic Growth, Worst Case Scenario
Wed, 22 Oct 2008: Baltic Bank Satisfaction…
Oct 22, 2008 Baltics
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...Tags: Ahead, Baltic, Banks, Customer Satisfaction, Different Ways, Epsi, Lithuania, Loyal Customers, Loyalty, Nordea, Satisfaction Ratings, Score
Wed, 3 Sep 2008: Nordea rubs in the bad news …
Sep 3, 2008 Baltics
"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. ...Tags: Bad News, Boom, Commodity, Consumer Spending, Economy, Food Prices, Gdp, Housing Market, Inflation Pressures, Latvia, Nordea, Rantala, Rubs, Upturn, Wage Hikes
Thu, 1 May 2008: Nordea warns of Latvia’s vulnerabilities…
May 1, 2008 Latvia
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...Tags: Ahead, Baltic Country, Baltic States, Consequences, Crunch, Dollar, Economic Growth, Eurozone, Foreign Investments, Global Price, Inflation, Latvia, Nordea, Rapid Decline, Vulnerabilities
Wed, 16 Apr 2008: IMF report: risk of hard-landing …
Apr 16, 2008 Baltics
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...Tags: Danske Bank, Dexia, Economists, Gdp, Gdp Growth, Handelsbanken, Imf Report, International Capital Markets, International Markets, Intesa, Latvia, Natixis, Nordea, Rabobank, Raiffeisen, Risk, Seb, Swedbank, Swedish Banks
Wed, 19 Sep 2007: New York finance group to lead Latvia’s 427 million euro telecom deal…
Sep 19, 2007 Latvia
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...Tags: Aims, Banks, Blackstone, Ceo, Company Management, Consortium, Dnb, Euro, Finance Group, Invest, Lats, Latvia, Nordea, Parex Bank, Proposal, Syndicate, Telecom Deal, Telecommunication Company, Unicredit
Wed, 22 Nov 2006: Let’s welcome the ‘Baltic tigers’ …
Nov 22, 2006 Baltics
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...Tags: Baltic Economies, Baltic States, Confidence, Consumption, Continuation, Countries, Current, Distinction, Estonia, Eurozone, Gdp, Inflation, Nordea, Portfolios, Productivity, Signs, Slowdown, Surveys, Tigers, Wages
Wed, 31 Aug 2005: Kraft to head Nordea’s operations …
Aug 31, 2005 Baltics
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...Tags: Bank Of Estonia, Euro, Long Time, Nordea, Polish Regions, Regional Cooperation, Vahur Kraft
Wed, 27 Jul 2005: Iki, Nordea team up for discount cards…
Jul 27, 2005 Baltics
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...Tags: Access Programs, Assets, Baltic Countries, Card Visa, Chains, Discount Cards, Financial Services Group, Internet Banking, Maxima, Nordea, Payment Cards, Senukai, Visa Electron, Vp
Thu, 18 Dec 2003: Nordea picks new chairman in a flash…
Dec 18, 2003 Baltics
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...Tags: Aripaev, Board Chairman, Finnish Citizen, Five Months, Flash, Lithuania, Nordea, Targets
Thu, 20 Nov 2003: LAL gets refinancing…
Nov 20, 2003 Baltics
"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...Tags: Airline, Attitude, Comparable Period, Cooperation, Corporate Customers, Development Projects, Economy, First 9 Months, Implementation, Lal, Lithuanian Market, Loans, Losses, Nordea, Prospects, Refinancing, Six Months