
Competitiveness shows its true color on loans and deposits
In Lithuania, interest rates on deposits with a maturity of 2y are the highest in the euro area. However, this doesn’t stop the loans growth.
In Lithuania, interest rates on deposits with a maturity of 2y are the highest in the euro area. However, this doesn’t stop the loans growth.
Economic growth is still based on one pillar, and that’s consumption. With a persistently high core inflation, the question is: for how long?
In the first semester of 2024, 28 investment projects have been implemented in Latvia, worth €263m to the economy and 1,245 new jobs.
The Commission for the Desovietization of Lithuania has asked the authorities to remove all symbols of totalitarianism and authoritarianism from public spaces.
Estonia has about twenty historic properties on the market: stately buildings are cheaper though subject to obligations and complications.
In Poland, the energy shield withdrawal brings prices for house energy to rise, core to increase, and CPI to remain at elevated levels.
Vilnius’ strategy on defense led to 14 large-scale projects within the Green Corridor worth nearly 4,000 jobs and more than EUR 1.25B in investment.
Latvian government launches a school program to include traditional rye bread in the daily meals of pupils from kindergarten to the entire first cycle.
The construction of Estonia’s first pumped hydro storage plant will begin in 2025, with a capacity of 6GWh of power to the grid.
With government funding being increased alongside the decline in competitiveness, budget deficit and debt will only widen.