
Banks’ profit will struggle alongside the economic performance
Profit as a share of assets was around 60% higher in 2023, but now interest- and administrative expenses are likely to grow, as well as overdue loans.
Profit as a share of assets was around 60% higher in 2023, but now interest- and administrative expenses are likely to grow, as well as overdue loans.
With over 7,000 specialists and more than 260 companies, Lithuania represents Europe’s largest Fintech hub, now aiming at 35 million clients.
Last November the downward trend in export goods continued (-8.3% to 12 months prior). The value of goods imports decreased by 13.8%.
Last November the surplus on the CAB decreased by 34.3%, where the trade balance suffers alongside exports (services -3.2%).
Market expectations of rapid disinflation remain, but underlying risks come from commodity costs, monetary supply, and trade protectionism.
Estonia’s FinTech success (+42% income) is attributed to local digital infrastructure, people capital, and the world’s best tax system.
Reliable infrastructure and flexible IT talent make Lithuania fly: 61% of GBS and ICT centres expand existing functions over 2023.
In an open system, economic transformation led by the freedom of private initiative requires to focus on the amelioration of market exchange.
The agreement between PAIH and Dubai Internet City increases the support for Polish companies in entering the market of the UAE.
Estonian banks’ profits have grown fast when the income on loans linked to Euribor increased. Now risks come from loan losses at the window.