When historic changes appear, it is usually difficult to assess the full impact until afterwards. But this afternoon, Monday April 18th, it was fairly easy. The Standard & Poor's decision to give US AAA rating a negative outlook is a defining moment in financial history. US has had the top rating level since World War II, with a stable outlook and has never before been this close to a downgrade.
The payment card industry is in constant development in order to offer better, more secure and more convenient services in a steadily growing acceptance network.
Inflation concerns and austerity – challenges for the commodity market
All over the world the youth unemployment bomb is ticking. An economy that does not create enough jobs, real jobs, to absorb its youth has put its future at risk.
Whereas spring has reached Vilnius and Riga already, Tallinn is still waiting for the final patches of snow to melt....
A more balanced growth going forward
swedish and baltic economies,
When you are in Vilnius, I recommend that you try their delicious dumplings and cold beetroot soup with boiled fresh potatoes - you will enjoy it:-).
PMI falls to 58.6 in March 2011 – after last year’s rebound, industrial activity is increasing more slowly
Purchasing Managers´ Index
Let me take this opportunity to share some ideas on the exciting changes we are currently experiencing within Swedbank Baltic Banking region. My work takes me to the Baltic countries every week. I am looking out of my office window in Riga headquarters, overlooking the river Daugava and the sunny Riga city centre. Spring is starting to be in the air.
On Wednesday, 30 March, I went with “Arena for growth” to the municipality of Östhammar, www.osthammar.se north of Stockholm. Östhammar is a little pearl of a town, with old wooden houses right on the Baltic Sea and an extensive cultural heritage.
Swedbank’s interim report January – March 2011 will be published at 07.00 CET on Thursday, 28 April. You are invited to participate in the following presentations: