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Russian sanctions impact asset fund flows
Russian sanctions impact asset fund flows
The imposition of Western sanctions on the Russian economy has been discussed and analyzed in many places. The direct impact on the energy and banking sectors are well known. The indirect impacts, however, are more difficult to evaluate. We take a look at the asset management industry (AM industry), which has already experienced some noticeable shifts. In this respect, the recent launch of new composite share indices by Morgan Stanley provides a good opportunity to analyze industry features and, more precisely, how a firm grasp of the financial architecture can be useful in understanding ...  Full story...
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 Oct 01, 2014 - Loan growth maintains Estonia’s momentum...
TALLINN - Deposits continued to grow rapidly while the growth of loans and leases remained moderate in August, Estonian central bank Eesti Pank said in its fresh review, reports LETA. Moderate growth in the total volume of loans and leases to Estonian companies and households continued in August. The portfolio grew by 83 million euros from July, and its annual growth rate stood at 3.4 percent. The annual growth in the portfolio of corporat...
 Oct 01, 2014 - Investment drives Lithuania’s growth...
VILNIUS - The latest Lithuanian macroeconomic review by SEB forecasts a 2.7 percent growth of gross domestic product (GDP) and inflation of 0.1 percent, reports ELTA. The bank predicts that, despite Russia’s food product embargo and a complicated geopolitical situation in Eastern Europe, Lithuania’s GDP in 2015 should grow by 3.2 percent with 0.7 percent inflation, while in 2016 the country should see 4 percent GDP growth. Gi...
 Oct 01, 2014 - EP keeps pressure on Russia...
RIGA - The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, while at the same time condemning the Russian Federation for waging an undeclared ‘hybrid war’ against Ukraine. The Parliament also urges European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia’s f...
 Oct 01, 2014 - Benefits from euro entry tallied...
VILNIUS - In adopting the euro, Lithuania is not only moving forward on the path of euro integration that began almost a quarter of a century ago, but also gains solid means for developing a more secure economic and financial system. In addition, euro adoption will create the well-being for citizens not only in Lithuania, but in the whole region of the EU’s single currency. These were the messages promoted at an international conference ...
 Oct 01, 2014 - Rain and Russia pressure farming industry...
RIGA - The farm community’s solvency has suffered substantially due to Russia’s food embargo and, as a result, the major food producers in Latvia are also seriously affected, said grain processor Dobeles dzirnavnieks’ CEO Kristaps Amsils, reports Nozare.lv. “Unfortunately, we are beginning to feel the consequences of Russia’s embargo - although indirectly. Farmers’ solvency has decreased steeply, and they ...
 Sep 03, 2014 - Weak economy hits labor...
TALLINN - Estonia’s central bank Eesti Pank said in its comments on the second quarter labor market data that the data indicates that the labor market is adjusting to the weak economic environment, reports LETA. Data from Statistics Estonia show that the number of employed fell by 1.2 percent year-on-year in the second quarter of 2014. A low rate of participation in the labor force meant that the unemployment rate fell at the same time...
 Sep 03, 2014 - Loan volumes up again in Estonia...
TALLINN - In July, for which the latest numbers are available, the volume of loans and leasing contracts issued to enterprises and households continued growing at a moderate pace in Estonia, reports Aripaev Online. The year-on-year increase in the loan portfolio accelerated from 2.8 percent to 3.3 percent in July, growing by 80 million euros in a month to approximately 15.2 billion euros. The year-on-year growth in the loans and leasing ...
 Sep 03, 2014 - Growth numbers downgraded...
RIGA - Swedbank has cut Latvia’s economic growth forecast to 2.5 percent this year, reports Nozare.lv. In 2015, Latvia’s economic growth could increase by 2.6 percent, it says. In 2016, Latvia’s GDP could increase by 3.5 percent, said senior economist at Swedbank Lija Strasuna. In April, Swedbank lowered its original forecast for GDP growth - from 4.8 to three percent this year. Meanwhile, inflation could remain moderate at...



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