Tag: Interest rate
Most common mistakes that give you high interest
Alexander Norén: Don’t give up until you’ve driven three laps towards the bank SVT’s economic commentator Alexander Norén and Nordnet’s savings economist Frida Bratt share their best tricks for negotiating down the interest rate. They explain why the banks’ recommendation to bind parts of the mortgage is a real trap – and how bad it […]
Only 17 percent of Finns live within their budget
According to the study, 46% of Finns report that they create a budget for their finances, but only 17% follow it closely. At the same time, 29% create a budget but do not monitor its implementation. Unexpected one-time expenses can strain the finances of ordinary citizens, while in recent years we have seen unexpected expenses […]
The Bank of Finland’s mid-term forecast: the economy is at rest
Despite the difficulties, the Finnish economy has endured so far, but not all the effects of rapid inflation and rising interest rates have been seen. In addition, the risks of the international economy have increased recently,” says Meri ObstbaumHead of forecasting at the Bank of Finland. In 2022, Finland’s economy grew by 2.1% thanks to […]
Factors to consider when choosing a lender for your personal loan needs
Different lenders may offer different interest rates based on your credit score or other factors such as collateral or cosigner status. Check Rahalaitos.fi compare loan offers and get the best interest rate for your personal loan. Shopping around can help you find the best personal loan offer that meets your needs. Comparison of different personal […]
YLE: The price of food in Finland rose by more than 16% in February from a year ago
Food prices rose by 16.1 percent in November-December. The steepest annual increase in food prices was observed almost six decades ago, in 1964, when food prices rose by an average of 12 percent. In February, the prices of sugar, flour, butter and eggs rose by more than 30 percent from the previous year. The coffee […]
The German economy will stop in 2023
“When the gross national product contracted by another 0.2 percent in the first quarter, the economy will recover during the next year. Rising real wages from the middle of the year at the latest will support the German household, says ifo’s economist. Timo Wollmershäuser. Positive factors are the considerable increase in wages in collective agreements […]
No end to above-average inflation – Danmarks Nationalbank
Inflation will not return to normal next year, predicts a new Danmarks Nationalbank forecast. Last fall, its experts said they expected inflation to fall steadily in 2023 to the extent that in 2024 it would be little more than 1.7 percent — an estimate more or less in line with the so-called Vismænd (wise men’s), […]
Inflation on the rise in Finland: a long battle to tame prices ahead, warns the chief economist
Although prices may not continue as quickly as in February, the continuation of inflationary pressures is a major economic risk. The high price of electricity, food and increased loan interest rates were the main factors of annual inflation. Food and non-alcoholic drinks prices rose by a record 16.3% compared to last year, while monthly inflation […]
Are you worried about the uncertainty of mortgage interest rates? This way you can control costs
The most important Euribor rates have been rising for more than a year before Tuesday’s sharp drop, which has led to an increase in costs for Finnish borrowers.
The US dollar rises as currency traders weigh the outlook for interest rates
NEW YORK, March 8 (Xinhua) — The U.S. dollar edged higher in late trading on Wednesday as market participants gauged the Federal Reserve’s rate hike course. The dollar index, which measures the greenback against six major peers, rose 0.06 percent to 105.6598 in late trade. In late New York trading, the euro was down to […]
Housing crisis in Finland: Research shows an unprecedented rise in housing costs in different parts of the country
The increase in housing costs and the large differences between municipalities are primarily due to the increase in the price of electricity, which has risen by an average of 46% since a year ago. Waste fees have risen by an average of 6.7%, real estate taxes by 6.3% and water fees by 4.1%. The most […]
Apartment prices have returned to the pre-pandemic level, says OP’s economist
Among Finland’s largest cities, prices fell the most in Oulu, Helsinki and Vantaa, and the least in Tampere and Turku. “As expected, the fall in apartment prices continued in January. The decline has now wiped out the gains made during the coronavirus pandemic, and the decline is likely to continue in the coming months. tweeted […]
The US dollar soars amid the Fed’s aggressive rate hike stance
NEW YORK, March 7 (Xinhua) — The U.S. dollar rose sharply on Tuesday, supported by expectations of more rate hikes from the Federal Reserve. The dollar index, which measures the greenback against six major peers, rose 1.2 percent to 105.5995. In late New York trading, the euro was down to US$1.0552 from US$1.0675 in the […]
Hypo: A new incentive trap makes it difficult to sell housing in Finland
“Swapping your home usually means swapping the collateral, and you can’t bring the fixed interest rate you previously negotiated to another bank. By postponing the decision to move, you can save hundreds per month,” the review reads. The trap already touches a million people, because the sharp rise in reference interest rates has made the […]
The US dollar rises as the euro falls
NEW YORK, Feb. 28 (Xinhua) — The U.S. dollar rose in late trade on Tuesday amid weakness in the euro. The dollar index, which measures the greenback against six major peers, rose 0.18 percent to 104.8709. In late New York trading, the euro fell to US$1.0582 from US$1.0607 in the previous session, and the British […]
EU nation sees bankruptcies rise – Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
Sweden’s GDP for the fourth quarter shrinks 0.9 percent ahead of expected recession in 2023
© Provided by Xinhua On an annual basis, Sweden’s GDP shrank for the fourth quarter by 0.9 percent and several banks predicted a recession in 2023. STOCKHOLM, Feb. 28 (Xinhua) — Sweden’s gross domestic product (GDP) decreased by 0.9 percent in the fourth quarter of 2022 compared to the third quarter, according to figures released […]
The EU nation sees the number of bankruptcies increasing in Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
Governor of the Riksbank Erik Thedéen: Further interest rate increases await
Erik Thedéen became head of the Riksbank at the turn of the year, in a situation with both high interest rates and negative growth. Since last May, the Riksbank has raised the key interest rate from 0 to 3 percentage points. The goal of the increases is to bring down inflation, which is currently at […]
Nordea: Housing prices in the Helsinki region are down 10% from last year’s peak
In the rest of the country, house prices are expected to drop seven percent from the peak in 2022. Expectations in the capital region and other regions differ mainly because the rise in interest rates is expected to discourage home buyers, especially in residential areas. loans are higher than the national average, such as in […]
Danske Bank updates its investment outlook: Stocks and bonds are weighted neutral
The increase in the neutral weight of stocks is due to the fact that the darkest clouds in the market have disappeared. Kivipelto, however, advises stock investors to be cautious about geographical diversification. “We are overweight in emerging markets. In addition, we still have a neutral weight on US and Japanese stocks. Regarding Europe, we […]
The US dollar retreats after recent gains
NEW YORK, Feb. 27 (Xinhua) — The U.S. dollar weakened in late trade on Monday as currency traders took some profits off the table following the greenback’s recent rally. The dollar index, which measures the dollar against six major peers, fell 0.51 percent to 104.6775. In late New York trading, the euro rose to US$1.0607 […]
HS: The housing market has slowed down strongly in Tampere, Turku
The Tampere newspaper pointed out in its report that the number of new apartment sales was also affected by the fact that some of the houses completed last year had already been sold in 2021. A total of 4,377 new apartments were completed in Tampere in 2022, of which 3,487 are vacant apartments. Markku RiihimäkiThe […]
US dollar rises after Fed minutes
NEW YORK, Feb. 22 (Xinhua) — The U.S. dollar climbed in late trade on Wednesday as market participants analyzed the Federal Reserve’s latest meeting minutes. The dollar index, which measures the greenback against six major peers, rose 0.39 percent to 104.5801. In late New York trading, the euro fell to US$1.0601 from US$1.0649 in the […]
Statistics Finland: Inflation slowed to 8.4 percent in January
However, the price of electricity remained the main factors of inflation, along with diesel prices and interest rates on both mortgages and consumer loans. In contrast, the factors that slowed down inflation were the fall in the prices of detached houses and the fall in the prices of prescription drugs. The publication of the inflation […]
Banks raise unindexed interest rates
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced interest rate hikes. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the interest […]
Banks raise interest rates on non-indexed loans
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced increases in lending rates. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the […]
The construction industry in Stockholm is hit hard by economic headwinds
STOCKHOLM, Feb. 17 (Xinhua) — Rising construction costs combined with interest rate hikes would worsen the housing shortage in the Swedish capital, while the construction industry expected an increase in the number of bankruptcies and layoffs, Swedish media reported Friday. – The housing shortage will worsen, says Stefan Westerberg, chief economist at the Stockholm Chamber […]
Apartment prices are falling and rents are rising: PTT
However, there are no signs of an imbalance in the housing market that could lead to a downward spiral or pose a risk to the economy. At the end of the year, the housing market is expected to recover, but the average prices of old apartment buildings will decrease by 2.5% throughout the country. “The […]
Reserve Bank renovation well overdue
There is no doubt that the Coalition-stacked Reserve Bank needs a deep clean-up, hopefully including an updated, more democratic selection process, writes Lachlan Newland. TREASURER JIM CHALMERS have promised reform from the Reserve Bank of Australia (RBA). This is hardly surprising as every current board member is a coalition appointee. Politicians often talk about interest […]
Sweden raises the key interest rate to 3 pct to curb inflation
STOCKHOLM, Feb. 9 (Xinhua) — Sweden’s central bank (Riksbank) on Thursday announced a 50 percentage point increase in the key interest rate to 3 percent, the highest in 15 years. The Riksbank said the rate hike, due to take effect on February 15, was necessary as the country’s 12-month consumer price index (CPI) reached 12.3 […]
Hear the Governor of the Riksbank about the highest interest rate in 15 years
The Riksbank raises the key interest rate by 0.5 percentage points. Highest interest rate in 15 years. Now they are flagging for more interest rate hikes. Hear the press conference with the new Riksbank Governor Erik Thedéen and analysis by Ekot’s economic commentator Kristian Åström.
Base interest rates will increase by half a percentage point
It has just been announced that the monetary policy committee of the Central Bank of Iceland has decided to increase the key interest rate by 0.5 percentage point. Thus, they reached the level of 6.5%. In May 2021, they were 0.75 percent. This increase is in line with the forecasts of the bank’s analytics departments, […]
The Internet and its many opportunities to get a loan
The Internet has revolutionized how we do business, and it has especially changed how people borrow money. Today, there are a number of services available online that allow people to secure loans regardless of their credit score or personal circumstances. One method that has gained popularity over the past few years is finding ways to […]
OP: Finland will sink into a mild recession in 2023
“We are looking at a couple of years of interminably slow development rather than a clearly defined recession and rapid recovery,” he said. press release on Tuesday. According to OP, the recession affects the economy widely and makes it difficult for exports, private consumption and investments. The value of exports grew at an almost unprecedented […]
Finnish housing prices fell by 2.5% in December, sales fell by 38%
Although the decline was especially strong for smaller apartments, the phenomenon did not only concern them. The decrease is due to rapidly rising energy prices, reference interest rates and the cost of living in general. Finland’s most popular mortgage reference rate, Euribor 12, has risen to 3.3 percent, after last year started almost half a […]
The Climate Fund invests EUR 10 million in Norsepower to accelerate the reduction of emissions in the shipping industry
Emissions from shipping are predicted to increase without additional measures, so the development and scale of solutions that reduce emissions in the shipping industry is crucial. Norsepower reduces emissions by providing ships with wind power with the company’s own rotor sail. Depending on the wind conditions, Norsepower’s product can reduce the ship’s fuel consumption by […]
Ministries: Finland’s large railway infrastructures have a big price tag, a carbon footprint
The ministries stated last week that the implementation of the projects would require substantial public sector investment, as other sources of funding, such as operator and user fees, would be relatively small compared to the required investment. Although private investors have also expressed interest in such projects, they would likely require state guarantees, leaving the […]
Suomen Swappie is considering the fate of up to 290 jobs as part of a reassessment of operations
The negotiations are part of a plan to reorganize the renovation activities and to focus the renovation activities outside of Finland, for example in Estonia and Germany. “We are now focusing on supporting our talented employees in this process, and for this reason we will not make any related statements for the time being”, wrote […]
The European construction industry sees weaker growth in the future
After two great years, the outlook for European housing construction has turned much darker. Construction activity as a whole will decrease by almost 3 percent in 2023–2024, but will recover slightly in 2025. In the current year, the volume of new construction will decrease by 2 percent as a result of the economic decline caused […]
Inflation to a 40-year high, family planning and more wind power: Finland in the world press
In addition, Nieminen says that the rise in consumer prices started in the second half of 2021. Due to the Ukraine crisis and subsequent international sanctions, prices rose steadily in May. The main reason for inflation in 2022 was the rise in loan interest rates and the rise in food and energy prices. The peak […]
The experts rejected Saariko’s idea of restoring the mortgage interest deduction
– The back and forth changes also confuse the tax system, he said. The mortgage interest tax deduction was completely removed at the beginning of this year after years of gradual phase-out. Last year, Finnish households were allowed to deduct a maximum of five percent of their interest in their taxes. Finance Minister Annika Saarikko […]
Inflation in Sweden is three decades high
The data show that electricity and food are peaking higher than expected price growth Inflation in Sweden has soared to double digits for the first time in more than thirty years, driven by rising electricity and food prices, Statistics Sweden said on Friday. Sweden’s inflation adjusted for fixed interest rates (KPIF), the measure used by […]
In the capital region, apartment prices may drop by 10% as a result of rising interest rates
Mortgage interest rates were around five percent at the turn of the millennium. Juho KostiainenNordea’s economist told Helsingin Sanomat last week that low interest rates increase and low interest rates decrease house prices. Finland’s most common mortgage reference rate, Euribor 12, has risen from -0.5 percent to around 3.3 percent at the beginning of 2022. […]
The 90s crisis, the interest rate shock and the banking crash
During the worst of the crisis, the interest rate was raised to 500 percent and one of Sweden’s largest banks disappeared after the big real estate crash. Over half a million people lost their jobs and thousands of businesses went bankrupt. P3 Documentary meets the people who made the decisive decisions for the state, the […]
Stabilizing inflation may require actions “that are not popular,” US Fed chairman says
Washington [US]Jan 11 (ANI): US Federal Reserve Chairman Jerome Powell has defended his ongoing policy rate hike, saying restoring price stability, especially when inflation is high, may require actions “that are not popular”. At its latest monetary policy meeting, the US central bank, the Federal Reserve, raised interest rates by 50 basis points (bps). The […]
German real estate market plummets report
A decade-long boom in deal-making has been slowed by a deteriorating economic environment, BNP Paribas says The real estate sector in Germany fell in the last three months of 2022 due to rising financing costs and to note inflation in Europe’s largest economy, a report published on Monday by BNP Paribas showed. Investment in the […]
The Bank of Finland reiterates its concern about household debt amid rising interest rates
With the European Central Bank (ECB) announcing that it plans to continue tightening monetary policy to curb inflation this year, interest rates could rise to close to four percent by summer. Marja NykänenThe vice-chairman of the board of the Bank of Finland stated to Helsingin Sanomat on Thursday that household debt servicing costs have risen […]
Sensex opens stronger, tracking signals from strong Asian markets
Mumbai (Maharashtra) [India], Jan 6 (ANI): Domestic markets on Friday were volatile in pre-opening sessions and made gains, tracking the cues of strong Asian stocks. The key indices of the Indian stock markets had posted losses for two consecutive sessions. The BSE Sensex rose 43 points to 60,396.65 after being volatile till 9:20 am while […]
US dollar firms after solid employment data
NEW YORK, Jan. 5 (Xinhua) — The U.S. dollar appreciated in late trade on Thursday as markets reacted to a flurry of labor market data. The dollar index, which measures the greenback against six major peers, rose 0.77 percent to 105.0490. In late New York trading, the euro fell to US$1.0530 from US$1.0605 in the […]
Economic experts expect a slight slowdown in inflation worldwide
In Western Europe (5.4 percent), North America (5.2 percent) and Southeast Asia (5.3 percent), inflation expectations for 2023 are well below the world average. “The ECB’s interest rate hikes in December also contributed to the fall in inflation expectations in Europe,” says Potrafke. The ECB had raised its key interest rate by another 0.5 percentage […]
Danish news: Lazy shoppers only have themselves to blame if their chili mayo is moldy, claims DR
That seems to be DR calling people who buy chili mayonnaise “lazy”. Listing the ingredients – in fairness there are seven – it warned: “If you’ve been lazy, watch out – at least if you’ve shopped at Netto.” Apparently, the Big Farm Boys version (230 grams; expiration date 11/22/2023) has been recalled due to a […]
A multi-billion euro steel plant is far from a certainty, experts remind
Widowed on Wednesday reminded According to Helsingin Sanomat, the availability of funding has weakened significantly since the early days of successful industrial start-up companies, such as the Swedish startup Northvolt, founded in 2017, which managed to gather not only funding but also the know-how needed for construction and operation. a large battery factory in Skellefteå, […]
US dollar falls after Fed minutes
NEW YORK, Jan. 4 (Xinhua) — The U.S. dollar fell in late trading on Wednesday as market participants digested the Federal Reserve’s latest meeting minutes. The dollar index, which measures the greenback against six major peers, fell 0.25 percent to 104.2430. In late New York trading, the euro rose to US$1.0605 from US$1.0566 in the […]
US dollar jumps ahead of Fed minutes
NEW YORK, Jan. 3 (Xinhua) — The U.S. dollar rose in late trading on Tuesday as market participants awaited the Federal Reserve’s meeting minutes. The dollar index, which measures the dollar against six major peers, jumped 0.95 percent to 104.5070. The euro fell to US$1.0566 from US$1.0699 in the previous session, and the British pound […]
Sweden has the highest number of bankruptcy filings since 2013
STOCKHOLM, Jan. 2 (Xinhua) — Due mainly to the ongoing Ukraine crisis, accelerating inflation and high electricity prices, the number of bankruptcies in Sweden rose to the highest level in a decade in the second half of 2022, according to statistics released on the monday. Between July and December 2022, 22 percent more bankruptcies were […]
Tough year for the C25 index
For Danish shareholders, 2023 could not have come soon enough. With the war in Ukraine, huge inflation and some big jumps in interest rates, the C25 index had a very difficult year in 2022. “All in all, it has created the worst investment year since the financial crisis in 2008 and 2009, when all asset […]
Finland’s economy will sink into recession in 2023, says the Ministry of Finance, the Bank of Finland
However, the economy is not returning to the growth path that was expected before the Russian invasion of Ukraine. “We expect inflation to slow down clearly over the next year and consumption to recover in 2024,” Janne Huovarifinancial advisor at the Ministry of Finance, was quoted saying At Helsingin Sanomat’s press conference in Helsinki on […]
President of the Republic Sauli Niinistö’s New Year’s speech on January 1, 2023
The past year suddenly took us back to the past. To something that we had started to consider generation after generation more and more distant and almost impossible in its absurdity. The horrors of the Great War returned to Europe. Many problems that directly affect our daily lives make our burden of worry even more […]
Eurozone bailout fund serves no purpose: Italy’s Meloni
ROME, Italy: Italian Prime Minister Giorgia Meloni has said the eurozone bailout fund serves no useful purpose, and has told the European Central Bank (ECB) to be more careful in how it communicates. In a three-hour press conference at the end of the year, Meloni, leader of the hard-right Brothers of Italy party, said, “The […]
Consumer sentiment in Finland falls to a record low in December
The indicator had reached its previous low in September. Almost four out of ten consumers (38%) this month estimate that their financial situation has deteriorated over the past year. Conversely, only 16 percent estimate that their financial situation has improved since December 2021. Research data also shows that consumers are unprecedentedly cautious when buying durable […]
The US dollar rises as government interest rates rise
NEW YORK, Dec. 28 (Xinhua) — The U.S. dollar appreciated in late trade on Wednesday amid upward momentum in Treasury yields. The dollar index, which measures the greenback against six major peers, rose 0.31 percent to 104.4770. In late New York trading, the euro fell to US$1.0615 from US$1.0645 in the previous session, and the […]
US dollar weakens amid economic statistics
NEW YORK, Dec. 27 (Xinhua) — The U.S. dollar fell in late trading on Tuesday as market participants digested recently released economic data. The dollar index, which measures the greenback against six major peers, fell 0.17 percent to 104.1510. In late New York trading, the euro rose to US$1.0645 from US$1.0619 in the previous session, […]
The conflict between Russia and Ukraine is putting Europe’s societies to the test
© Provided by Xinhua The economic, geopolitical and social consequences of all these developments have been profound – something the continent has not seen for decades. The calls for peace and stability grow stronger every day. by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict […]
Yearender: The Russia-Ukraine conflict is testing Europe’s societies
by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict between Russia and Ukraine, the series of problems caused by the North Atlantic Treaty Organization (NATO) expansion and the energy crisis have all caused serious headaches everywhere. Europe. Adding fuel to the fire were the West’s […]
The Swedish government expects the recession to last until 2025
STOCKHOLM, Dec. 22 (Xinhua) — Sweden will enter a recession next year that is expected to last until 2025, the government said here Thursday. “The Swedish economy and households will be under pressure in the coming years,” Finance Minister Elisabeth Svantesson said when she presented the economic forecast at a press conference. – The recession […]
The Finnish government understands that more needs to be done, Ohisalo says about the report on shrinking carbon sinks
“We discussed the report positively and we must continue our work. The data is extremely alarming and the government agrees that more needs to be done.” Luke published the results on Wednesday its report for reasons of land use, land use change and unprecedented change in the forest sector. The main reason is that the […]
Central Bank Governor Rehn: ECB continues to raise interest rates; too early to discuss the presidential election
According to opinion polls, Olli Rehn (center) and Pekka Haavisto (green) would be the most popular candidates to replace President Sauli Niinistö at the beginning of 2024.
The US dollar rises amid hawkish central bank signals
NEW YORK, Dec. 16 (Xinhua) — The U.S. dollar rose in late trade on Friday as market participants digested statements from major central banks. The dollar index, which measures the greenback against six major peers, rose 0.14 percent to 104.7030, after a 0.76 percent jump in the previous session. In late New York trading, the […]
US dollar firms after the Fed’s policy announcement
NEW YORK, Dec. 15 (Xinhua) — The U.S. dollar strengthened in late trade on Thursday, driven by hawkish messages from the Federal Reserve. The Fed on Wednesday raised interest rates by 50 basis points and set the target range for the federal funds rate at 4.25 percent to 4.5 percent, the highest level in 15 […]
OP: Housing prices in Finland are clearly falling, but will avoid a collapse
Outside the capital region, prices are expected to fall by 3.5–5.5 percent. “The turnaround in the property marker has been quick and the clear downward trend will continue at least until the beginning of next year. It is possible that the situation will not deteriorate again at the end of next year, if the uncertainty […]
US dollar falls after Fed decision
NEW YORK, Dec. 14 (Xinhua) — The U.S. dollar weakened in late trading on Wednesday as market participants digested the Federal Reserve’s latest interest rate decision. The Fed raised interest rates by 50 basis points on Wednesday, after announcing four straight 75 basis point hikes at its recent meetings, in an effort to curb inflation. […]
Right now: How you are affected by the Fed’s hike
The US central bank, the Federal Reserve, Fed, raises the key interest rate by 0.5 percentage points. That message was given by Fed chief Jerome Powell on Wednesday evening. After four straight increases of 0.75 percentage points in the US, many analysts predicted a slightly lower increase this time, including after the US showed an […]
Fewer people are buying their first property
According to Landsbanki’s economic forecasts, the percentage of first-time buyers has fallen in recent months. The number of new indexed loans is increasing and the majority of all home loan defaults, regardless of the lender, are unindexed. Rising home prices, higher interest rates and tighter credit conditions make it harder for people to enter the […]
Sweden is facing the worst economic downturn in the EU – Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The store warned that the country’s real estate market, after almost twenty years of stable growth, is undergoing “a dramatic […]
Sweden is facing the worst economic downturn in the EU Bloomberg
The nation’s real estate market has collapsed amid slowing consumption A sharp slump in Sweden’s real estate sector threatens to deepen a looming economic crisis in the Nordic region’s largest economy, Bloomberg reported on Monday. The outlet warned that after nearly twenty years of steady growth, the country’s property market is undergoing “a dramatic change”. […]
Despite the uncertain market situation, almost 90% of angel investors are ready to invest
Most of the portfolio companies need more help from investors The hard-to-predict market situation affects angel investors’ target companies in different ways. “More than 60% of FiBAN’s angel investors are currently spending more time than usual with their target companies, because some startups need more help,” says FiBAN’s CEO. Amel Gaily. However, 25.9% of respondents […]
Inflation fell in Denmark in November – finally!
Several financial analysts have hailed November’s dip in inflation as a sign of what’s to come in 2023, but warned that the rate will continue to be high in December – not least in line with the high prices homeowners face to heat their homes during the current cold spell. and the rest of the […]
The US dollar slips amid economic data
NEW YORK, Dec. 8 (Xinhua) — The U.S. dollar weakened in late trade Thursday as market participants digested a flurry of economic data. The dollar index, which measures the greenback against six major peers, fell 0.31 percent to 104.7760. In late New York trading, the euro rose to US$1.0561 from US$1.0515 in the previous session, […]
The UN calls for stronger multilateral solutions to solve the debt crisis
In its statement, UNCTAD stated that government debt in relation to GDP increased in more than 100 developing countries between 2019 and 2021. Excluding China, this growth is estimated to be around $2 trillion. “This has not happened because of the bad behavior of one country. This has happened because of systemic shocks that have […]
The US dollar rises amid expectations of higher interest rates
NEW YORK, Dec. 6 (Xinhua) — The U.S. dollar appreciated in late trade on Tuesday as traders bet on further rate hikes by the Federal Reserve. The dollar index, which measures the dollar against six major peers, rose 0.27 percent to 105.5760, after a 0.71 percent jump in the previous session. The rally came as […]
Nordea: Finnish housing prices will fall by 5% in 2023; market stability is not at risk
The prices of single-family houses, on the other hand, are falling as the rise in energy costs suppresses interest in electrically heated properties. Nordea paid particular attention to the slowdown observed in October. The Real Estate Association has reported that the number of real estate transactions was 23 percent lower than the monthly average of […]
US dollar strengthens amid Fed comments
NEW YORK, Nov. 28 (Xinhua) — The U.S. dollar rose in late trading Monday as market participants digested comments from Federal Reserve officials. The dollar index, which measures the greenback against six major peers, rose 0.68 percent to 106.6810. In late New York trading, the euro fell to US$1.0342 from US$1.0414 in the previous session, […]
The US dollar rises as traders await the Fed chairman’s speech
NEW YORK, Nov. 29 (Xinhua) — The U.S. dollar climbed in late trading Tuesday as market participants assessed the Federal Reserve’s monetary policy path. The dollar index, which measures the greenback against six major peers, rose 0.13 percent to 106.8220. In late New York trading, the euro was down to US$1.0331 from US$1.0342 in the […]
House prices fall by 15 pct in Sweden
STOCKHOLM, Dec. 2 (Xinhua) — House prices, pressured by rising interest rates and a weak economic situation, continued to fall in Sweden, and since the peak last spring, the price of an average home has fallen by 15 percent, the latest statistics showed. The prices of villas in Sweden have fallen by an average of […]
There are new signs of a slowdown in the Finnish real estate market
The Bank of Finland, meanwhile, published its latest data on mortgage withdrawals. revealing 1.3 billion euros of new mortgages were taken out in October, which means a drop of about one third from the previous year and in October at a new low since 2004. Juhana BrotherusChief Economist of the Finnish Mortage Society (Hypo), highlighted […]
Will interest rates rise for innovations in the loan industry
A loan consolidation program is a way to make a comprehensive debt payment plan that can help people better manage their finances. In this case, the debtor would be taking out a new fixed-rate loan that would cover/finance all current active debts. Consolidation of loans enables one loan to be taken out to pay off […]
Will interest rates rise for innovations in the loan industry
A loan consolidation program is a way to make a comprehensive debt payment plan that can help people better manage their finances. In this case, the debtor would be taking out a new fixed-rate loan that would cover/finance all current active debts. Consolidation of loans enables one loan to be taken out to pay off […]
The snow has come to Kyiv, alternatively the soccer World Cup, C chooses party leader
In the million-strong city of Kyiv, residents queued at the water pumps this week, after the infrastructure was heavily damaged by Russia’s rocket attacks this week. Now winter has brought new challenges. Our correspondent Lubna El-Shanti reports directly from Kyiv. He creates an alternative Soccer World Cup The World Cup in Qatar has now been […]
VR is leaving the negotiating table
The prime minister expressed disappointment at VR’s decision to break off pay negotiations with SA on Thursday evening. As RÚV reports, the finance minister does not consider his comments about the Central Bank’s interest rate hike to be a “decisive factor”. Ragnar Þór Ingólfsson, chairman of VR, confirmed in an interview with RÚV that he […]
Rising interest rates complicate upcoming wage negotiations
The recent interest rate hike has complicated the upcoming wage negotiations. Government involvement may be required to complete them. Prime Minister Katrín Jakobsdóttir invited leaders from both sides of the negotiating table to meet to find a compromise. About a third of collective agreements expire this fall and need to be renegotiated. Matters were further […]
The increase in employment is a welcome sign that the recession has not yet started in Finland
Statistics Finland also revised its estimate of the previous month’s trend, raising it from 73.8 percent to 74.1 percent. The trend of the unemployment rate remained at 6.9 percent, while the number of unemployed decreased by approximately 2,000 to 162,000. Jukka AppelqvistThe chief economist of the Chamber of Commerce estimates that the results of the […]
Right now: How you are affected by the interest rate announcement
This is how you are affected by the interest rate notice. The Riksbank raises the interest rate by 0.75 percentage points to 2.5 percent. Hear our economic commentator Kristian Åström.
Rehn: A recession in the Eurozone would be a disadvantage for Finland rather than a collapse
“The rising cost of energy has also increased food prices. The increase in food prices affects all citizens, but especially those with low incomes, for whom the food bill eats up the lion’s share of the income, he said. quoted saying Helsingin Sanomat’s public hearing in the parliament’s trade committee. Eurostat has reported that consumer […]
HS: Experts confirm that a fall in housing prices is likely in 2023
Ilkka LehtinenA retired actuary from Statistics Finland told Helsingin Sanomat that the forecast may be too cautious. According to him, the sale of apartments in old housing associations increased by 49,000 units in the first three quarters of the year, which corresponds to the level of 2019, but was approximately 14,000 sales less than the […]
Danish News Round-Up: Christianshavn is becoming more and more like Venice!
A large part of the canal-saturated Copenhagen district of Christianshavn faces an extended period when it will not be accessible to road vehicles due to the closure of a critical bridge. With the bridge out of action, only bicycles and boats will be able to visit the island of Bjørnsholm – where Nordatlantens Brygge and […]
Hypo: The Finnish housing market has not seen a drop in prices since 1995
The slowdown is mainly due to the increase in housing costs due to the sharp, inflation-driven rise in interest rates. Consumer prices have recently risen the fastest since the 1980s, when interest rates rose to the level of early 2009. According to Helsingin Sanomat. Juho KeskinenHypo’s economist stated to the newspaper that the change is […]
The IMF urges Finland to cancel the stimulus fiscal measures
According to its estimates, the turnaround could be achieved in part with better targeted energy support measures. “This should be followed by a gradual but well-defined and well-communicated medium-term stabilization plan based on the measures identified in comprehensive spending and tax reviews.” final statement reads. “Structural reforms that boost long-term growth remain a priority, including […]
US dollar strengthens as traders bet on hawkish Fed
NEW YORK, Nov. 17 (Xinhua) — The U.S. dollar appreciated in late trade Thursday as market participants digested the latest comments from Federal Reserve officials. The dollar index, which measures the greenback against six major peers, rose 0.39 percent to 106.6930. In late New York trading, the euro fell to US$1.0368 from US$1.0394 in the […]
