On Friday, representatives of the Labour Party held a symbolic rally outside the Vilnius headquarters of the biggest commercial banks operating in Lithuania - SEB, Swedbank and DNB.
Swedbank EN
65 straipsnių
Swedbank AB (Swedish pronunciation: [ˈsvɛdbaŋk], [ˈsvɛdbæːŋk] or [ˈswɛdːbæːŋk]) is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. In 2019 Swedbank had 900,000 private and 130,000 corporate clients and a 60% market share of Estonia’s payments.
Technologies are inevitably changing the global labour market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labour map, which may result in a shorter working week, Nerijus Mačiulis, an economist with Swedbank Lithuania, forecasts.
Nerijus Mačiulis, chief economist at Swedbank Lithuania, says that although Lithuania's economy contracted by 0.6 percent in the first quarter of this year, such an economic stumble nevertheless did not halt job creation or growth of wages: the number of employed people rose by 1.7 percent in a year...
Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth - less detrimental to economic growth - are ...
A study of the expenses of households carried out by Swedbank's Institute of Private Finances has revealed that Lithuanians spend less money on food than Latvians and Estonians. A family of four people that lives in Vilnius spends EUR 291 per month on recommended food products. The same food product...
The most popular brand in the Baltic states is the on-line search engine Google, according to a research project carried by TNS Emor.
Swedbank Lithuania's data shows that residents of Lithuania last year borrowed EUR 2,317 (LTL 8,000) on average for their consumer needs.
In January the prices of consumer goods and services declined by 1.5% in annual terms and by 1.3% in monthly terms. This was the biggest annual deflation since 2003. Average annual inflation was at 0%.
The decision by Maxima LT, Lithuania's largest retailer that has been slapped with a 16.9-million-euro fine for anti-trust violations, to lower prices for over 1,000 products may have a positive effect on the economy, if it leads to increased competition among retail chains, Nerijus Mačiulis, the ch...
According to Swedbank, the average housing loan in Lithuania has continued to grow. In 2014, it was EUR 44,800, EUR 2,000 more than in 2013. Meanwhile, the average repayment period, at 21 years, has remained the same for several years in a row.
Most of the winners in Lithuania's first Top Employer awards, held in Vilnius this week, were foreign investors, Invest Lithuania reports.
According to the flash estimate, annual GDP growth slowed to 2.4% in the fourth quarter of last year, slightly below our expectations. Previous quarter growth remained unchanged at 2.7%.
Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania's economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank.
In the last month of 2014 the prices of consumer goods and services declined by 0.3% in annual terms and by 0.6% in monthly terms. On average consumer prices were 0.1% higher in 2014 than in 2013.
According to Swedbank, Lithuania's small businesses often refer to banks seeking to borrow working capital. In the third quarter of 2014 Swedbank issued loans to small businesses for LTL 100 million (EUR 29 million).
In October the prices of consumer goods and services increased by 0.1%, both in annual and in monthly terms. Average annual inflation remained at 0.2% in October and was 1.2 percentage points lower than a year ago.
The three largest banks operating in Lithuania - SEB bank, Swedbank and DNB bank - have very solid capital buffers and assess risks conservatively enough. This became clear after the European Central Bank (ECB), in cooperation with the Bank of Lithuania, inspected the asset quality of the three comm...
Swedbank has cut Latvia's economic growth forecast to 2.5% in 2014, reports LETA/Nozare.lv.
Russia’s sanctions against imports of farm and food products were the trump card of the neighbouring country and it only could do more harm through restrictions on the sale of energy sources to the European Union’s (EU) countries, chief economist of Swedbank Lithuania has said, adding that in this w...
Minimum monthly wage in Lithuania may reach 350 euros at the end of 2016, chief economist of Swedbank Lithuania says, adding that this estimate is based on the government program and economic growth.
