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Monday 17.02.2020 | Name days: Konstance, Donats

Bank analysts: unemployment decline might stop in Latvia next year

The unemployment level decline in Latvia will become slower or even stop next year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for labourers will gradually calm down. The first signals for this came up from business surveys.

SEB Bank clients now able to use mobile devices to pay for goods and services

SEB Bank clients who have a mobile phone with Android OS are now able to pay for goods and services using their phones. It is possible to use mobile phones to for transactions up to EUR 150 in Latvia and abroad using contact-free terminals, the bank reports.

SEB share price heavily affected by suspected money laundering in Baltics

Swedish banking giant SEB AB has seen its stock value sinking by 15% as it awaits a programme by the Swedish public broadcaster over suspected money laundering in the Baltics, where the name of the bank would also appear, Bloomberg reports.

Outlook: Latvia’s inflation may have reached 2% - 2.3% in October

The level of consumer prices in Latvia may have increased by 2% - 2.3% in October 2019 when compared to the same month of the previous year, bank analysts predict.


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