Tag: Nordea
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 […]
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 […]
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 […]
Nordea: Positive financial surprises possible despite zero growth this year
Nordea expects zero growth in Finland’s GDP for this year and one percent growth for 2024.
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. […]
Danish news: Stop! There were no bank robberies in 2022
In mid-December, CPH told POST how there were only two banks left in Denmark with tellers. They are both branches of Danske Bank and are located in Copenhagen and Aarhus, and TV2 was able to demonstrate that both tend to have very long queues. But the frustration of pensioners who never got a NemID account […]
Denmark down to the last two banks!
When Queen Elizabeth II died, many Britons visited royal buildings, saying they wanted to pay their respects and be “part of history”. Well, now the Danish public has a chance to say the same by taking part in the most archaic of transactions: withdrawing money from a bank teller for the very last time. According […]
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 […]
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”. […]
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 […]
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 […]
Business Round-Up: International students contribute far more than they take, study claims
Denmark benefits financially from foreign students, shows a major analysis carried out by Damvad Analytics on behalf of the Swedish Engineers’ Association. Together, they contributed DKK 26.7 billion to the nation’s coffers between 2007 and 2020, with technical and natural science courses, such as engineering, accounting for DKK 12 billion. Over the same 13-year period, […]
Sweden’s GDP forecast is adjusted downward for next year
STOCKHOLM, Nov. 7 (Xinhua) — Nordea, one of the largest banks in the Nordics, has sharply lowered its forecast for Sweden’s gross domestic product (GDP) for 2023 to minus 1.8 percent from minus 0.5 percent two months ago in Economic overview. Weaker domestic developments, dramatically tightened financial conditions with higher interest rates and inflation eating […]
The Governor of the Bank of Finland warns of a serious economic disruption
Stagflation refers to slow economic growth and high unemployment as well as constantly rising consumer prices. In September, the ECB estimated that the euro area economy could contract by 0.9 percent in 2023 if Russia stops selling natural gas and oil transported by sea to Europe and Europe does not find alternative sources of supply. […]
Nordea: One in three worried about the economy, 60% have changed their spending habits
According to Nordea’s research, more and more Finns say they save money at the supermarket and cut back on services and dining out.
Finland’s economic forecasts for 2023
From slot games to sports and a lively music scene, the choice is endless. Everyone who calls Finland home knows that this is only possible thanks to the country’s traditionally stable economy. However, recent times have brought murky waters to Finland’s economic prospects – but what can be in store for the year 2023? The […]
Nordea’s forecast: Finland’s economic growth will stop in 2023
Even though Finland has a hard winter, thanks to its transition to clean energy, it is in a better situation than many other European countries, the bank said.
The 12-month Euribor had the largest monthly increase on record in August
Helsingin Sanomat on Tuesday highlighted that the rate has experienced a larger monthly change only twice in its history, falling 0.914 points in March 2008. The 0.146 point change seen yesterday was also quite unprecedented, as larger daily changes have occurred only six times since early 1999. The total mortgage interest rate is determined by […]
Business Round-Up: House prices will fall, economists predict
Data from Boligsiden reveals that the price of villas and townhouses fell by 1 percent in July due to high inflation, while the price of apartments fell by 1.5 percent. Economists expect further declines in autumn and winter. When seasonally adjusted, this is the biggest decline in more than a decade. According to Jeppe Juul […]
Tenants face skyrocketing rents due to high inflation
According to the tenant interest organization Lejernes Landsorganisation, at least 180,000 Danish tenants risk significant rent increases due to continued inflation. Some may already be experiencing rent increases, while many can expect to receive “stunning” new contracts at the end of the year. “This is going wrong. It has become a serious problem that will […]
Finnish lenders report a decrease in demand for mortgages
The average interest rate on new mortgages, on the other hand, rose from 0.73% in June 2021 to 1.59% in June 2022. The loan margin accounted for an average of 0.82 percentage points, compared to 0.7 percentage points a year earlier. . Finland’s leading mortgage lender OP Financial Group has reported that it granted 15 […]
Fuel prices are not going down anytime soon, analysts say
Payment card data shows that ten percent less gasoline is bought in Finland than last year, but 40 percent more is still consumed. Fuel prices have risen in Finland this summer to a record high of no less than 60 percent from last year. Although prices have fallen from the peaks of early summer, a […]
Finnish borrowers will notice the ECB’s interest rate hike, experts predict
Wind BirchNordea’s Chief Economist, stated To YLE on Thursday, that the change, although more confident than expected, will only lead to a moderate increase in the Euribor interest rate. Finland’s most common mortgage reference rate Euribor 12 already priced in the expectation that interest rates will be raised by one percentage point in July-September. “These […]
Francisco Cerundolo amazes Casper Ruud at the Nordea Open
Bastad [Sweden]July 14 (ANI): Francisco Cerundolo kept his own nerves and a strong comeback from Casper Ruud to cause a second round upset and achieve his first top 10 win at the Nordea Open in Båstad on Wednesday. Cerundolo broke French Open finalist Ruud’s serve three times to win 6-4, 3-6, 7-5 at the ATP […]
The euro weakens to parity with the dollar
The euro weakened to the level of the dollar on Tuesday for the first time since the introduction of the currency in 2002. Finland was one of the first members of the Eurozone – an informal term for countries that belong to the European Economic and Monetary Union (EMU) and use the euro as their […]
ATP roundup: Steve Johnson, Jack Sock wins in Rhode Island
Americans Steve Johnson and Jack Sock opened the Infosys Hall of Fame Open with straight victories on Monday in Newport, RI Johnson, who won the tournament in 2018, beat compatriot Stefan Kozlov 7-5, 6-3. Johnson outscored Kozlov 6-0 and won a dominant 31 of 37 first-hand points (83.8 percent). At the same time, Sock Radu […]
Finland will introduce a new tool to control household indebtedness in 2023
The maturity of the loans should also not exceed 25 years and the interest rate must be at least six percent in the calculation, with the exception of fixed-rate and long-term interest-protected loans. The recommendation is due to enter into force on 1 January 2023. Marja NykänenThe chairman of Fiva’s board said the recommendation is […]
Culture collection: Another good reason to ‘escape’ to West Jutland this summer
FLUGT, a new museum dedicated to the history of Danish-bound refugees in the small West Jutland town of Oksbøl, opens for the first time on Wednesday, and gives visitors the opportunity to see new buildings designed by Bjarke Ingels Group. On Friday, the inauguration of the building was attended by a large number of high-ranking […]
The rise in house prices will slow down this year, Nordea and OP forecast
Nordea, for its part, estimates that unit prices may even fall between 2022 and 2023. Housing prices have continued to rise in the first half of this year, albeit at a slower pace than last year. However, Nordea emphasized that the value of households’ own mortgages is higher than in the years before the coronary […]
The Finnish housing market is falling
OP Financial Group and Nordea Bank forecast that the rise in house prices in Finland will slow down this year and next after the exceptional growth period of 2021. According to OP Bank’s recent forecast, changes in house prices will be between -0.5 and +0.5 percentage points next year due to a slowdown in interest […]
Service disruptions affected Finnish bank customers
Bank customers in Finland had service disruptions on Wednesday, and many reported that their monthly salary or benefits had not been credited to the bank account. Several customers of Nordea, Danske Bank and S Bank who experienced the problem found out on social media on Wednesday morning what caused the disruption. Nordea Bank tweeted the […]
Yle: A leaked inspection shows that Nordea has ignored money laundering concerns
An internal report issued by Luminor Bank in 2019 points to serious shortcomings in the anti-money laundering practices of Nordea and DNB’s Baltic unit in Norway. Luminor Bank was founded by Nordea and DNB in 2017. Yle’s investigation unit MOT found that billions of dubious euros were flowing through the Baltic offices of the two […]
Nordea suspends two employees on suspicion of fraud
– Nordea regards the arrests with the utmost seriousness and we are Collaborating closely with the authorities, including the police, on the case. We are taking all necessary steps with regard to the two employees, says Randi MarjamaaCountry Senior Executive and Head of Personal Banking at Nordea Norway. – Nordea will never accept any form […]
Tuesday’s newspapers: NATO and investments, monkey pox disinfo and successive hockey host Tampere
Jyväskylän Keskisuomalainen is among the leading newspapers syndicated article where several economic analysts say investors are likely to see Finland as a slightly higher risk country during the ongoing NATO membership process. According to these experts, the perceived risks are related to concerns about various disturbances by Russia. "During the process, there is some uncertainty […]
Explanation: Many Finns have not prepared for interest rate hikes on housing companies’ loans
Nearly three-quarters (73%) of respondents with a personal mortgage said they were prepared for an increase in interest rates. Maiju HinnoNordea’s Senior Vice President, Housing, expressed concern about the results, especially due to the recent rise in interest rates. “A housing loan is comparable to a corporate loan, so its terms and flexibility are much […]
Nordea weakens Finland’s economic outlook
Nordea Bank forecasts that the Finnish economy will grow by two percentage points this year instead of three. The bank says its outlook is lower than previously forecast due to the geopolitical situation surrounding Russia’s war in Ukraine and China’s tight zero-Covid policy. Its outlook in January, nearly two months before the Russian invasion, predicted […]
Economists advise households to prepare for an interest rate of 1.5 to 2.0 percent
Reijo HeiskanenOP Financial Group Chief Economist and Jan von GerichNordea’s chief analyst told the Finnish News Agency on Monday that they expect the interest rate to rise to 1.5 per cent in the next year or two, but warned that forecasting is currently difficult due to accelerating inflation. “I personally thought it could be in […]
Nordea Bank reports service disruptions, savings accounts appear empty
According to Nordea Bank, its online services have been disrupted on Saturday morning, affecting customers’ savings accounts. According to the company, the problem seems to be due to account balances. Director of Communications at Nordea Satu Malkamäki Customers may feel that their savings account is empty, even though there is money in the account. Malkamäki […]
The website of the Finnish Ministry of Foreign Affairs and Defense is the target of a cyber attack
The websites of the Finnish Ministries of Defense and Foreign Affairs were out of order on Friday, the ministries announced in separate tweets shortly before 1 p.m. The Department of Defense said its website crashed due to a denial of service (DoS) attack and is investigating the matter. Head of Communications at the Ministry of […]
Nordea: Rising housing costs are hitting homeowners the hardest
Rising interest rates, accelerating inflation and the resulting rise in housing costs are straining the wallets of homeowners in particular, Nordea Bank says in its recent housing market review. According to the consumer price index, housing costs rose by 7.3 per cent year-on-year in February. "The price of electricity has risen by an average of […]
Most of Finland’s highly educated people abroad have experienced discrimination in their job search and work
says Mika Sallinen, Country Director of Universum Finland, an organization focusing on employer image research and development. A joint study by Universum and the City of Espoo also revealed that the biggest challenges in job search are related to employers’ requirements for proficiency in the mother tongue of Finnish. “The survey was answered by almost […]
Monday’s newspapers: Finnish food security, market turmoil and Zelenski Street in Helsinki
Russia’s invasion of Ukraine is putting pressure on the global food system, and Finland is facing rising food prices, the report said. Helsingin sanomat newspaper. Finnish fertilizer companies are already experiencing pressure, and some are telling HS that they are concerned about Russia’s ability to restrict exports of fertilizer raw materials. One of these companies, […]
Wednesday’s newspapers: Halla-aho’s "strong words"cyber attack on Nordea, Finland on behalf of Ukraine
Helsingin sanomat newspaper write that Jussi Halla-aho (Finns) – the former leader of the Basic Finns and now the chairman of the parliamentary foreign affairs committee – told the newspaper on Tuesday that the West’s intervention in the war in Ukraine will soon be inevitable, so it would be better to do it sooner rather […]
Wednesday’s newspapers: Ukrainian update, sports sanctions, frozen penis
The escalating security situation in Ukraine continues to dominate Finland’s news headlines. Tampere-based Aamulehti reports that the U.S. Secretary of State Anthony Blinken has canceled its planned meeting with the Russian Foreign Minister Sergei Lavrovwhile Turku-based Turku Sanomat write that EU foreign ministers have reached a consensus on sanctions against Russia. In the meantime, Helsingin […]
The Helsinki Stock Exchange is counting on the fear of an attack on Ukraine
The trading week has started with a significant decline. Share prices on the Helsinki Stock Exchange fell by 3.6 per cent on Monday and recovered slightly in the afternoon. Markets also fell elsewhere in Europe, worried about a possible Russian invasion of Ukraine. According to Nordea Bank’s Chief Investment Officer Antti SaariAs early as Friday, […]
Monday’s newspapers: Finland’s relations with Russia, rising prices and grocery competition
As the increase in Russian troops continues near Ukraine, the President of Finland Sauli Niinistö has appeared in international publications over the weekend as a person with a special understanding of Russian affairs Vladimir Putinreports Helsingin sanomat newspaper. In addition to Germany Der Spiegel and Sweden Dagens Nyheter, New York Times stated on Sunday that […]
HS: Mortgage rates are expected to rise significantly in the coming years
“The situation has been quite favorable in recent years from the perspective of mortgage borrowers. Euribor rates have been in the negative range, which has basically meant that the base rate has been zero in most loan agreements. Mortgage borrowers have practically only paid margins, “he explained to the newspaper. The interest rate on a […]
The Oulu court declared the technology company Uros bankrupt
The Oulu District Court declared the technology company Uros bankrupt on Tuesday, confirming to Yle by e-mail. The state finance company Finnvera, the pension insurance company Ilmarinen and the banks Nordea and Oulun Osuuspankki had filed a joint application to declare the company insolvent. The male had challenged the application, saying it was in talks […]
The good economic situation increased tax revenues in Finland in 2021
Markku HeikuraThe CEO of the Tax Administration said the increase was primarily due to the good economic situation and its positive impact on the income of both companies and individuals, as taxation as a whole did not increase from the previous year. “According to preliminary data, the economic situation in 2021 was very good despite […]
Nordea expects strong economic growth in Finland in 2022
“The recovery in service consumption will continue in later years, although rising inflation will erode consumer purchasing power,” the finance group said. its recently released forecast. It emphasized that housing construction is at an all-time high, with a total of 48,000 construction projects launched last year, an increase of 22% on the previous year. Construction […]
Three economists: This is how the Swedish economy will be after the pandemic
What will be the consequences of rising inflation? And does the division of roles between monetary policy and fiscal policy need to change? Listen to Laura Hartman, Chief Economist LO, Annika Winsth, Chief Economist Nordea and John Hassler, Professor of Economics at Stockholm University. Also in Saturday’s interview: Ekot’s financial commentator Kristian Åström.
Nordea: Most Finns are worried about rising energy prices will increase housing costs
Statistics Finland in September reported that property maintenance costs rose 2.1 percent year-over-year in the second quarter. According to Nordea, the recent rise in oil, electricity, district heating and renovation prices could accelerate the rise in housing costs, especially at the end of the year. “Residents of small houses will see the rise in energy […]
Nordea Group study: Most are concerned about the impact of energy prices on housing costs
More than half of Finns are concerned about the effects of higher energy prices on their housing costs, Nordea Bank says. According to a survey commissioned by Nordea, 58% of respondents expressed concern about energy prices. One in four said rising energy prices are making it harder for them to cope with their housing costs. […]
Nordea: Finns’ Christmas budgets are bigger than last year
According to the survey, Finns plan to spend an average of 341 euros on gifts and 224 euros on other expenses. Although the majority (57%) of all respondents said that their consumption choices during the holidays are not affected by climate change, about half of respondents aged 18-34 said that their choices are influenced by […]
Thursday’s newspapers: Missing crime reports, anti-vaxx financial report and expired principals
Several newspapers report the matter on Thursday morning Perttu NousiainenThe former chairman of the youth foundation, who was wanted for financial crimes, returned to Finland on Wednesday for a year and a half after avoiding the authorities. Nousiainen, who served as chairman of the board of the Youth Foundation from 2010 to 2018, was suspected […]
The state-owned investment company Solidium is at the top of the tax list for limited companies
Last year, the state-owned investment company Solidium paid the largest corporate tax bill in Finland from all limited companies, according to information published by the Tax Administration on Wednesday. At the same time, the German pharmaceutical company Bayer was the largest corporate taxpayer overall. Founded in 2008, the holding company Solidium owns a small stake […]
The Finnish business trip will not return to the level before Covid, the survey states
It seems highly unlikely that the Finnish commute will return to pre-coronavirus levels. Yle asked 30 companies at the top of the Nasdaq Helsinki Stock Exchange about their future plans. A total of 25 respondents responded to the survey, almost all of whom indicated that they planned significantly fewer business flights in the future than […]
Danish News Round-Up: Climate group sues the government over Lynetteholmen
The climate movement’s climate organization is suing the Danish government over its plans to start the construction of Lynetteholmen’s man-made island in Copenhagen next year without making a sufficient assessment of the effect it will have on the environment. There is a good chance that the trial will delay the start of work, which should […]
Danish News Round-Up: Minister of Health worried about the recent increase in the number of corona infections
The Minister of Health, Magnus Heunicke, warns that the number of corona cases is rising again. The rate has doubled in two weeks The reproduction rate of 1.0 is not something to worry about, he said, but other factors suggest that the rate of infection may continue to grow. Over the last two weeks, it […]
Business Finland: Sponsor of Tampere Arena with secured loans, grants against wrongdoing
The Finnish technology company Uros has deliberately concealed the information and provided false information to secure millions of euros in R&D funding in the early 2010s, the state investment agency Business Finland has said. From 2011 to 2013, the company received almost EUR 5 million in loans and a grant of EUR 1.25 million from […]
HS: The Main Sponsor of the Tampere Arena project fails to pay small bills
According to Helsingin Sanomat, the naming sponsor of the Tampere Arena project, the technology company Uros, has failed to pay several small bills since July. The magazine said it had received information about the company’s unpaid bills from the digital business information company Asiakastieto and added that small delays were issued in the summer and […]
New normal? Eight employers describe hybrid work plans
In Finland, employers are preparing for the return of employees who have worked remotely for much of the Covid crisis. The government’s telework recommendations are due to end in mid-October, but workers ’opinions are divided on whether returning to work is a good idea. Some workers feel that it has been shown that they can […]
Nordea distributes the largest dividend in the history of the Finnish stock market
Nordea Bank has announced that it will pay the largest dividend to shareholders in the history of the Finnish stock market later this month. The amount, approximately EUR 2.9 billion, increased to an exceptional size due to the expiration of the dividend ban expired by the Financial Supervisory Authority at the end of September. The […]
The beer king from Skælskør stubbornly persists
Chairman of the Board of Harboe Brewery Bernd Griese turns 80 on Tuesday 28 September. The beer king has actually grown so much with the company that it gave rise to an unusual drama at the most recent general meeting in August. Here, two of the main shareholders, Nordea and Danske Bank, tried to get […]
The beer king stubbornly persists
Chairman of the Board of Harboe Brewery Bernd Griese turns 80 on Tuesday 28 September. The beer king has actually grown so much with the company that it gave rise to an unusual drama at the most recent general meeting in August. Here, two of the main shareholders, Nordea and Danske Bank, tried to get […]
Tuesday’s newspapers: Suburban anxiety, bank failures and electricity costs
Helsingin Sanomat carries shaking From the northern Helsinki suburb of Pakila and presented local concerns about plans to increase housing density there. The neighborhood is currently inhabited mostly by detached houses, and the plots are owned by individual households. The City of Helsinki has decided that the plots can now be used in two or […]
Tuesday’s magazines: New testing strategy, Covid passports, Helsinki traffic strike
Helsinki tabloid Ilta-Sanomat tells about it it has been informed that a new coronavirus testing strategy prepared by the Ministry of Social Affairs and Health was approved on Monday. The plan aims to free up testing capacity and shift more human resources to diagnose and treat other diseases. According to the newspaper, the new plan […]
Local Round-Up: Prejudiced residents assume that the Northwest is home to ten times more gang members than in reality
A survey conducted on behalf of the City of Copenhagen among young residents in the Northwest reveals that most of them tend to overestimate how many gang members aged 15-18 live in the district. Not in gangs, not always on the street On average, participants in the study estimated that 20 percent of the age […]
Banks, locks and paper: the Swedish origin of some of Finland’s largest companies
The connections between the two counties are nowhere more evident than in the business world. An overview of some of Finland’s largest, most valuable and influential companies reveals the extent to which Swedish talents, money, ideas and even royalties have played a key role in Finnish industry. Here are some of the surprising Swedish origins […]
A study by the Chamber of Commerce reveals Finland "alarming" shortage of skilled labor
Three out of four companies experience a shortage or even a serious shortage of skilled labor, according to the results of a survey of member companies of the Finnish Chambers of Commerce network. This is a significant addition to the results of last year’s similar survey, which found that about half of companies experienced a […]
Nordea raises Finland’s growth forecast for this year to 3.5 per cent
The exceptionally rapid recovery from the weak situation has led to a situation where the main obstacles to growth are no longer muted demand or the constraints imposed by the coronavirus pandemic, but the availability of resources. For example, the labor market has shifted rapidly from large-scale layoffs to labor shortages, while manufacturing bottlenecks have […]
Round-Up in Copenhagen 2021: The undisputed winner of the WorldPride / EuroGames Flag Race is …
Anyone who has ever read the HC Andersen story ‘The Emperor’s new clothes’ knows that seeing your best in public is not something you can take for granted in Denmark. The energy company Ørsted believed that it had won the unofficial beauty contest in Copenhagen in 2021, when it adorned three mills in the colors […]
Stop the chat savings and build a buffer
This is shown by a new survey carried out by the research organization YouGov for the bank Nordea. But instead, you should deposit a fixed amount in the savings account at the beginning of each month, and that amount must be tailored to your future plans and dreams, says Ida Marie Moesby, who is a […]
The Helsinki taxi sector is launching recruitment work amid severe labor shortages
One of the largest taxi operators in the area, Going, which is responsible for thousands of drivers, recently reported that persistent labor shortages have intensified in recent months as demand for taxi services has increased, largely due to the re – opening of the economy and society. The report also states that the sector has […]
Banks: Rising house prices in Finland will slow down as the epidemic decreases, borrowing is limited
“People have been looking for more spacious houses when supply has been low by chance. We expect the opening up of societies to push household consumption from housing to other areas, which will slow the rise in prices. ” Las Olsen, Chief Economist of Danske Bank, commented on Friday. The Nordic authorities are also expected […]
Parental purchase? You need to consider that first
If you are one of those who are considering parental purchase, you are not alone, because in 2020, more than 900 owner-occupied flats were sold as parental purchase, compared with 800 the year before. It shows figures from Boligsiden. But before you jump on the bandwagon, here are three things to keep in mind in […]
Finnish banks strive to stay involved in mortgage applications
He said that Nordea has been hiring new mortgage advisers since last year and has arranged what it calls super-housing weekends, during which the advisers negotiate mortgages with about a thousand applicants. “Despite the measures, we are currently receiving so many applications that congestion has occurred and our meetings in the coming days are full,” […]
Convicted of fraud Britta Nielsen must still retain her pension
Convicted Briton Nielsen will still not be able to seize her pension, as the Copenhagen City Court had otherwise decided. The Eastern High Court on Wednesday ruled in a ruling, writes Ekstra Bladet, which has gained insight into the decision. The now 66-year-old Britta Nielsen was in February 2020 sentenced to six and a half […]
Major players: red-hot housing market needs intervention
Experts predicted a decline in the housing market due to COVID-19, but nothing seems further away from the truth – the housing market is exploding. Time for intervention according to Per Callesen, head of Danmarks Nationalbank, and Allan Polack, a top manager at Denmark’s largest pension company PFA. New figures from Boligsiden reveal that the […]
According to forecasts, Finland ‘s strong economic growth in 2021
The growth forecast is based on the assumption that the epidemic will be overcome next autumn, prompting companies to make investments and households to start consuming the extra savings accumulated during the epidemic to support the growth of fiscal stimulus sources. “Determined efforts to mitigate the epidemic and support measures will also play their part,” […]
Chief Economist’s requirement: Release the restrictions when more people are vaccinated
Nordea’s economists have become more positive since last winter and believe in a strong economic recovery this year in their new economic forecast. But for it to become a reality, it is important that politicians remove the restrictions this summer when more and more Swedes are vaccinated, according to Annika Winsth, chief economist at Nordea. […]
The vaccine rate for the elderly is boosting the economy
One fifth of Sweden’s people over 65 are now fully vaccinated and more and more are daring to go to stores. This has begun to show in the economy, according to Annika Winsth, chief economist at Nordea. It is in the travel industry and the restaurant industry that you notice the rise, according to Annika […]
Heunicke is called in consultation on vaccine plan
Therefore, the Conservatives’ health spokesman, Per Larsen, will hear the minister what considerations the government is making to avoid what he describes as a nightmare scenario. – It should shed light on how much security we have to get the vaccines delivered on which agreements have been made, he says. – If we get all […]
More single-person households buying homes
As more and more people live alone in Finland, more and more single-person households are taking out mortgages. Uusimaa had the largest number of individual home buyers, but retail banks Osuuspankki, Nordea and Säästöpankki said that interest in mortgages for one-person households had also increased in urban growth centers. The cooperative bank said that half […]
Kristian Åström: The banks show large and stable profits
Nordea today reported a profit before tax of SEK 10.6 billion for the first quarter. As a result, all four major banks in Sweden have reported results that have exceeded market expectations. Good profits nonetheless, it is reduced credit losses that are most surprising. Reduced credit losses are the common thread in the four bank […]
Finland’s opportunity to reject the EU’s recovery plan was calm
Following the decision, the parliamentary group of the National Coalition stated that it would abstain on the decision to reiterate its opposition to the recovery agreement negotiated by the government and to end the chaos within the EU. The Centre’s parliamentary group expressed its support for the decision, despite the fact that some of its […]
Minister: Greedy banks must put the brakes on negative interest rates
The Danish banks must stop demanding payment from more customers in order to have their money in the bank. This is how it sounds from Minister of Trade and Industry Simon Kollerup (S). – It can not continue in this way. The banks have almost stumbled over each other in recent months, where they have […]
Important message to the public in Malå in Malå municipality, Västerbotten county
The government’s budget proposal receives criticism from several economists for the fact that too few future investments and too little money are invested in climate change. Christina Nyman, chief economist at Handelsbanken, tells Ekot that the government could have invested more money in a green restart and more investments in climate measures, such as investments […]
Nordea’s retail online services back online
According to Nordea Bank, services for private customers returned late on Tuesday and there is no longer any disruption to personal customer services. However, transactions in the Nordea Corporate Network were still in difficulty. The one-day service outage was scheduled during Sunday’s update and occurred as a three-day outage. Kela’s delayed benefits were credited to […]
Salaries, Kela’s payments to Nordea accounts may be delayed when the outage comes on the third day
Nordea’s customers may have delays in receiving Kela’s benefits and salaries paid to their accounts on Tuesday, the bank said in a press release. Nordea’s service outage, which started at 1.00 on Sunday morning, was scheduled to end on Sunday night, but it is now the third day of disruption. Most services work normally, but […]
Please note: Nordea’s cards and services are offline most of Sunday
On Sunday, March 7, Nordea’s Finnish banking services will have an extensive service outage that will last almost all day. The suspension will begin at 1 p.m. on Sunday and is expected to end at approximately 9 p.m. for cards and approximately 1 p.m. for other services. During the service break, Nordea cards cannot be […]
Technical problems in Nordea’s internet bank
The bank Nordea has technical problems that make it difficult for customers to log in to the company’s mobile and network services. Nordea writes on Twitter that they are working to solve the problems, which according to the company are linked to the login service itself.
Exhausted Finns in a pandemic keep their holiday traditions
This week, health officials and Uusimaa mayors urged people to limit the holiday party to their nearest household. However, according to a recent survey by Helsingin Sanomat, the pandemic had changed more than a quarter of people’s holiday programs. About half of the respondents said they would leave for a visit with family friends. Metropolitan […]
His abilities earned him the nickname Budgetbissen
On Saturday 5 December, David Hellemann, Executive Vice President of Nykredit, turns 50 years old. During his career, he has made difficult decisions about cuts, layoffs and branch closures, and along the way it has given him some nicknames in the media and among employees. Like Corydon’s Rain Boy and the Budget Biss. As finance […]
Bright future forecast from Nordea – great hope for vaccine
According to the bank Nordea, the Swedish economy will not shrink during the last quarter of the year and the first quarter next year. The bank’s economic forecast is significantly more positive than the forecast made by the Riksbank on Thursday. “Our assessment is based on the fact that we get a vaccine and that […]
Economists: Already in 2021, the state can plan on corona debt
The central government account at Danmarks Nationalbank is so full of borrowed kroner that both Nykredit, Nordea and Danske Bank expect the Minister of Finance Nicolai Wammen (S) to repay a large billion already next year. One of the major concerns when the corona crisis hit was how the state would in a short time […]
Low credit losses for all major Swedish banks
Nordea today reported a profit of SEK 11 billion for the third quarter. Thus, the bank follows other major Swedish banks that report this week. – Low credit losses and good profits, says Ekot financial commentator Kristian Åström Is there a corona effect in the banks’ results for the third quarter? Yes, of course, if […]
The Danes’ movement habits are mapped in detail
On Monday, 400,000 Danes around the country will receive a questionnaire in their e-Box. The many answers must form the basis for the largest mapping ever of the Danes’ movement habits, and what really drives them to move. The research project Denmark in Motion is carried out by researchers from the University of Southern Denmark. […]
