Vilnius consolidates as a hub for value and cooperation
Commerzbank, one of the largest financiers of German foreign trade, opens a new representative office in Vilnius.
Commerzbank, one of the largest financiers of German foreign trade, opens a new representative office in Vilnius.
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 Poland, the energy shield withdrawal brings prices for house energy to rise, core to increase, and CPI to remain at elevated levels.
Invest Lithuania recently published the most comprehensive insight on business opportunities, from fintech to ICT and manufacturing.
Difficulties in repaying loans can be a serious worry for households and businesses as the risks coming from Sweden are still high.
The annual growth of loans and deposits stands at 4.5% and 5.5%, respectively. Households are offered the highest interest rates on deposits of over 2 years
The IMF recommends that getting competitiveness back on the track of growth needs decisive fiscal consolidation and increasing productivity.
Last February recorded a rise in the surplus balance of services (+31.6% to €790.7 million) and a decline in primary income deficit (-50.6%).
In Poland, the MPC will stick to its cautious approach and refrain from monetary easing this year: CPI inflation will start climbing again.
The official opening of PAIH’s branch in Vilnius took place with a seminar for the fintech industry to discuss the local fintech strengths and challenges.