Clients Lose, Banks Find: Latvian Depositors Make Fraudsters Rich

During the same time, clients of just four local banks (Swedbank, Luminor, SEB and Citadele) lost more than 8 million euros. Profitable business The total assets of monetary financial institutions as of 31 May 2024 amounted to EUR 28.248 billion, up 5.4% or EUR 1.44 billion from the end of May 2023, when assets amounted … Read more

US debt could exceed 140% of GDP

Wartime shortages The fund said its annual review of the U.S. economy projects that the debt-to-GDP ratio will reach 140 percent by 2032, much higher than the current level of 120.7 percent. Such a sharp increase, driven by continued projected budget deficits in the coming years, would push the debt burden beyond previous highs reached … Read more

Most of Latvia’s inhabitants doesn’t know the way they may dwell in previous age

In keeping with the survey, 20%, or each fifth, resident of Latvia can confidently say that upon reaching retirement age they won’t fear about their monetary well-being. In the meantime, residents of neighboring international locations are barely extra optimistic – in Lithuania, 25% of respondents calmly await previous age, and in Estonia – 28%. Among … Read more It’s authorized to make use of Russian property to assist Ukraine

Utilizing proceeds from Russian property frozen within the West to assist Ukraine just isn’t an unlawful seizure of cash, US Treasury Secretary Janet Yellen mentioned on Sunday, June 16. On this approach, she responded to criticism of the G7’s resolution to allocate $50 billion to Kyiv secured by these revenues. Yellen emphasised that the property … Read more

In Might, the Russian Federation overtook the USA by way of gasoline provides to Europe

“It’s wonderful to see how the share of Russian gasoline and (liquefied pure gasoline – editor’s be aware) within the European market is rising after all the pieces now we have been via and all of the efforts made to keep away from buying gasoline within the Russian Federation and cut back dangers within the … Read more

“It is horrible”. The US commented on a publication about Ukrainian youngsters in Russia

The USA once more accused Russia of kidnapping Ukrainian youngsters, commenting on an investigation by the Monetary Occasions that discovered youngsters from Ukraine in a Russian database of orphans for adoption, writes Air Drive. On this database, journalists discovered not less than 4 minor Ukrainian residents. Based on the publication, all youngsters have kinfolk in … Read more

EU cash for insulating homes is operating out. What’s subsequent?

In keeping with him, such a brand new monetary instrument is required as a result of present constructing insulation packages supported by varied EU funds will finish sooner or later, and nobody can assure that such packages can be out there after 2027. Valainis acknowledged that weatherization tasks require a extra aggressive method in order … Read more