Swedbank will restructure its Swedish operations as of January 1st 2013 in order to offer better customer experience, sharpen focus on developing digital banking services, and clarify branch offices´ role and responsibilities.
Wages continue to grow at moderate speed
Swedbank is Sweden’s best company in terms of corporate governance reporting. PwC arranged the Best Corporate Governance Reporting competition for the eighth time in order to highlight good examples of applying the Swedish Code of Corporate Governance.
Real net wages continued contracting in the third quarter
China is in the process of appointing members to the presidium and the pressure is great, especially in the longer term, for China's new politicians to implement growth-enhancing reforms. Everything possible will be done to maintain China's growth at relatively high levels.
The outside world makes itself heard – rapid slowdown in the Swedish economy
Thursday, November 22, is the nationwide Job Shadow Day in Estonia involving the Job Shadow Day Crown. This year, the Job Shadow Day Crown involves the shadowing of 29 top players, including Andrus Ansip (Prime Minister), Priit Perens (Chairman of the Board of Swedbank Estonia) and Robert Kitt (Member of the Board of Swedbank Estonia).
China’s strained economy – the new political leaders should focus on reforms rather than stimulus
On Thursday 15 November - with the 18th Party Congress in Beijing having ended the day before – it was announced whom the party had chosen as members of the new Politburo Standing Committee i.e. the real political power in China.
Commodity prices fall broadly
Unemployment rate fell to 12.3%, further improvement is less certain
China's 18th Party Congress ends today and tomorrow, 15 November, we will know who will hold supreme power in the Politburo i.e. the people who will govern the country in the coming decade.
Unemployment rate falls to 9.7% in 3Q
Annual employment growth at 3.4% in the third quarter of 2012
Two out of 10 Baltic PR Awards were received by Swedbank in the ceremony held in Riga on November 12. Swedbank Latvia was recognized in the Issues & Crisis Communication category for handling of the Swedbank rumor case in December last year and Swedbank Lithuania has received an award in Digital Communication for social media pioneering in Lithuanian banking sector.
Economic growth accelerates in 3Q
Latvia is the fastest growing EU economy for the third consecutive quarter
CPI declined by 0.2% in October, but don’t hold your breath
Latvian consumer prices remain unchanged in October
It’s now official that President Barack Obama has been re-elected. Moreover, the Democrats again appear to have a majority in the Senate, whilst Republicans continue to lead the House of Representatives. Thus the status quo prevails - USD 6 billion later. Despite this expensive campaign and no major change in the powers that be, this election result is to be preferred for the US and for the global economy.