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Insurance sector positive on Baltics
- From wire reports
VILNIUS - Scandinavian financial service businesses have quickly gained a foothold in the Baltic countries as a result of geographical proximity and cultural similarities, but now they grow even faster than in their home market by enhancing competition among themselves, said Torbjorn Magnusson, president of the IF insurance company, in an interview with The Lithuania Tribune.The situation in the Baltic countries is well-illustrated not only by the commercial banking sector, but also the non-life insurance sector, in which major Scandinavian insurance groups such as If (part of Sampo...
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