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Bankers cautious despite good results
RIGA - The largest Nordic banks have raised concerns about the macroeconomic situation in the Baltics by drawing parrallels to the situation that led to their own financial crisis in the early 1990s. “I do not know how bad it actually is, but Latvia’s economic growth has come to a halt, falling from 10 percent growth to almost zero; inflation is high, costs have grown, all making the Baltic states less competitive in the international economy,” said Carl Johan Granvik, vice-president of Nordea ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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