Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
GDP posts moderate growth
Reducing influence on inflation of commodity prices is weakening
Latvian producers demonstrate sustained competitiveness
"In Focus":
Quo vadis, Europe? Latvijas Banka international conference on public debt and QE; autors: Olegs Krasnopjorovs
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
"Highlights":
Economy faces temporary slowdown
Loan portfolio is showing some signs of moderation
External trade activity drops due to slowdown in re-exports
"In Focus":
Retail trade developments, by Daina Paula
Inflation is an increase in the aggregate money price level. In 2015, Vietnam has reached its lowest annual Consumer Price Index (“CPI”) in the last decade of 0.63%. This allowed the country to stimulate production and grow well for a short term. However, the inflation needs to increase to 4-5% for a long-term growth. Thus, the government has made some moves to spike up inflation at a control level in 2016. Along with this action, the increase in the world price of oil and the decrease in Vietnam’s food supply have contributed to the rise of inflation during the first five months of 2016. The inflation rate is projected to grow to more than 5% in the end of 2016 and will continuously grow in 2017.
"Highlights":
GDP posts moderate growth
Reducing influence on inflation of commodity prices is weakening
Latvian producers demonstrate sustained competitiveness
"In Focus":
Quo vadis, Europe? Latvijas Banka international conference on public debt and QE; autors: Olegs Krasnopjorovs
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
"Highlights":
Economy faces temporary slowdown
Loan portfolio is showing some signs of moderation
External trade activity drops due to slowdown in re-exports
"In Focus":
Retail trade developments, by Daina Paula
Inflation is an increase in the aggregate money price level. In 2015, Vietnam has reached its lowest annual Consumer Price Index (“CPI”) in the last decade of 0.63%. This allowed the country to stimulate production and grow well for a short term. However, the inflation needs to increase to 4-5% for a long-term growth. Thus, the government has made some moves to spike up inflation at a control level in 2016. Along with this action, the increase in the world price of oil and the decrease in Vietnam’s food supply have contributed to the rise of inflation during the first five months of 2016. The inflation rate is projected to grow to more than 5% in the end of 2016 and will continuously grow in 2017.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Latvijas Bankas "Monthly Newsletter", 10/2016Latvijas Banka
"Highlights":
* Substantial increase in high technology sectors
* Inflation is rising, but to a large extent owing to last year's developments
* External trade in August testifies to the power of Latvian cereal exports
"In Focus":
* #reformasLV or why Latvijas Banka cares about education and healthcare?, autors: Oļegs Krasnopjorovs
"Highlights":
Annual inflation was stable in April
GDP growth maintained by retail trade and impeded by energy sector
Labour market gradually becoming more favourable for employees
"In Focus":
Eurosystem's monetary policy: Expanded Asset Purchase Programme; autors: Egils Kaužēns
"Highlights":
* Manufacturing output continues to rise despite weak demand
* Latvian exports sluggish in complex circumstances
* Inflation starting to go up
"In Focus":
Macroeconomic balance maintained in 2016, supply side should be strengthened in 2017, autors: Oļegs Krasnopjorovs
Highlights:
* GDP growth at 2.6% in 2015
* Current account posted improvement
* Unemployment continues to decrease, but at a slower pace
In Focus:
Zero-based approach to government budgeting, Baiba Traidase
"Highlights":
Consumer prices are on the rise though annual inflation remains negative
Surplus in the current account for the second consecutive quarter
Lending is back
"In Focus":
Macroeconomic forecasts, by: Igors Kasjanovs
Highlights:
Annual inflation stands positive
Manufacturing growth has become stronger
Government debt servicing costs have been reduced
"In Focus":
What are the different effects of oil price developments on Latvia's inflation? autori: Oļegs Tkčevs and Andrejs Bessonovs
In this paper we analyze the evolution of Brazilian inflation under the inflation targeting
system from a cost-push perspective. We identify the main features of three quite distinct
phases (1999-2003, 2004-2009 and 2010-2014) and explain them in terms of tradable
price trends in local currency, changes in the dynamics of monitored prices and behavior
of wage inflation. We conclude that the trend towards continuous nominal exchange rate
devaluation after mid-2011, together with the strengthening of the bargaining power of
workers and the trend of rising real wages since 2006, means that distributive conflicts in
Brazil are getting much more intense. We also suggest that the apparently very irrational
recent (early 2015) change in the orientation of economic policy towards contractionary
fiscal, incomes and monetary policies in a stagnating economy seems to be ultimately
based on the desire to weaken the bargaining power of workers that was much
strengthened during the brief but intense Brazilian “golden age” of 2004-2010.
"Highlights":
* Energy prices keep annual inflation below zero
* Manufacturing growth regains momentum
* Latvia's exports: a zigzag path maintained
"In Focus":
* Latvia's exports to euro area: developments after joining, autore: Daina Pelēce
Macroeconomic Developments Report. December 2015Latvijas Banka
Based on data from tLatvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
This paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014,in which economic growth averaged only 2.1 percent annually,as compared with 4.4 percent in the 2004-2010 period. The latter level of growth was also more than double Brazil’s average annual growth rate over the prior 23 years (although it was much lower than the pre-1980 period). It is important to understand why the higher rate of growth experienced from 2004 to 2010 was not
sustained over the past few years.
The authors argue that the slowdown is overwhelmingly the result of a sharp decline in domestic
demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in domestic demand, in turn, is shown to be a result of deliberate policy decisions made by the government. This decision to slow the economy was not necessary, i.e., it was not made in response to some external constraint such as a balance-of-payments problem.
This monthly briefing highlights that global manufacturing production has improved. Economic recovery is slowly strengthening in developed economies; and public fiscal stimulus programmes have been a determinant factor in economic growth in many developing countries.
For more information:
http://www.un.org/en/development/desa/policy/index.shtml
Highlights:
* Fastest GDP growth in 6 years
* Inflation slightly down
* Dynamic year for retail trade
In Focus.
Four years in the euro area – have the promises come true? author: Egils Kaužēns
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Latvijas Bankas "Monthly Newsletter", 10/2016Latvijas Banka
"Highlights":
* Substantial increase in high technology sectors
* Inflation is rising, but to a large extent owing to last year's developments
* External trade in August testifies to the power of Latvian cereal exports
"In Focus":
* #reformasLV or why Latvijas Banka cares about education and healthcare?, autors: Oļegs Krasnopjorovs
"Highlights":
Annual inflation was stable in April
GDP growth maintained by retail trade and impeded by energy sector
Labour market gradually becoming more favourable for employees
"In Focus":
Eurosystem's monetary policy: Expanded Asset Purchase Programme; autors: Egils Kaužēns
"Highlights":
* Manufacturing output continues to rise despite weak demand
* Latvian exports sluggish in complex circumstances
* Inflation starting to go up
"In Focus":
Macroeconomic balance maintained in 2016, supply side should be strengthened in 2017, autors: Oļegs Krasnopjorovs
Highlights:
* GDP growth at 2.6% in 2015
* Current account posted improvement
* Unemployment continues to decrease, but at a slower pace
In Focus:
Zero-based approach to government budgeting, Baiba Traidase
"Highlights":
Consumer prices are on the rise though annual inflation remains negative
Surplus in the current account for the second consecutive quarter
Lending is back
"In Focus":
Macroeconomic forecasts, by: Igors Kasjanovs
Highlights:
Annual inflation stands positive
Manufacturing growth has become stronger
Government debt servicing costs have been reduced
"In Focus":
What are the different effects of oil price developments on Latvia's inflation? autori: Oļegs Tkčevs and Andrejs Bessonovs
In this paper we analyze the evolution of Brazilian inflation under the inflation targeting
system from a cost-push perspective. We identify the main features of three quite distinct
phases (1999-2003, 2004-2009 and 2010-2014) and explain them in terms of tradable
price trends in local currency, changes in the dynamics of monitored prices and behavior
of wage inflation. We conclude that the trend towards continuous nominal exchange rate
devaluation after mid-2011, together with the strengthening of the bargaining power of
workers and the trend of rising real wages since 2006, means that distributive conflicts in
Brazil are getting much more intense. We also suggest that the apparently very irrational
recent (early 2015) change in the orientation of economic policy towards contractionary
fiscal, incomes and monetary policies in a stagnating economy seems to be ultimately
based on the desire to weaken the bargaining power of workers that was much
strengthened during the brief but intense Brazilian “golden age” of 2004-2010.
"Highlights":
* Energy prices keep annual inflation below zero
* Manufacturing growth regains momentum
* Latvia's exports: a zigzag path maintained
"In Focus":
* Latvia's exports to euro area: developments after joining, autore: Daina Pelēce
Macroeconomic Developments Report. December 2015Latvijas Banka
Based on data from tLatvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
This paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014,in which economic growth averaged only 2.1 percent annually,as compared with 4.4 percent in the 2004-2010 period. The latter level of growth was also more than double Brazil’s average annual growth rate over the prior 23 years (although it was much lower than the pre-1980 period). It is important to understand why the higher rate of growth experienced from 2004 to 2010 was not
sustained over the past few years.
The authors argue that the slowdown is overwhelmingly the result of a sharp decline in domestic
demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in domestic demand, in turn, is shown to be a result of deliberate policy decisions made by the government. This decision to slow the economy was not necessary, i.e., it was not made in response to some external constraint such as a balance-of-payments problem.
This monthly briefing highlights that global manufacturing production has improved. Economic recovery is slowly strengthening in developed economies; and public fiscal stimulus programmes have been a determinant factor in economic growth in many developing countries.
For more information:
http://www.un.org/en/development/desa/policy/index.shtml
Highlights:
* Fastest GDP growth in 6 years
* Inflation slightly down
* Dynamic year for retail trade
In Focus.
Four years in the euro area – have the promises come true? author: Egils Kaužēns
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Capital Market Days 2008 - Mikael InglanderSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Highlights:
In August, annual inflation returns to positive territory
Manufacturing growing fast in July
External complications do not impair Latvia's exports going uphill
Sadaļā In Focus:
Research: Latvia's 2008-2009 wage adjustment stronger than thought before, by Ludmila Fadejeva and Olegs Krasnopjorovs
The Latvian Economy - 2010 September (pdf)Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The economy is going through a soft patch.
Unemployment increased due to this and seasonal
factors, but started rapidly falling in April.
Macroeconomic balances mostly improved in
the 1Q10. A lot of slack in the economy helped
inflationary tensions ease in this period and the CPI
inflation rate should remain within the central bank
target band for the next four quarters at least. The
four quarter rolling current account deficit rose
slightly in terms of GDP while the central government
deficit came lower than expected.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Latvijas Banka Monthly Newsletter
Content:
"Highlights":
- Export growth resists adverse external environment
- Money indicators develop favourably
- Economic sentiment tends to improve
"In Focus":
"Allocation of resources in Latvia improved after the crisis" by Konstantīns Beņkovskis
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
June 2010 edition. Economic insight into the current EMEA region (europe, africa and middle east). Regional Statistics, employment news and current legislation affecting the jobs economy.
"Highlights":
* Inflation stabilizes, main risk stems from oil price fluctuations
* Manufacturing retains high growth momentum
* Exports of goods increase volume and diversity
"In Focus":
* Tax reform, autors: Kārlis Vilerts
Swedbank Economic Outlook 29 September 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
* Economy faces temporary slowdown
* Inflation hovering around 0
* Current account back to normal
"In Focus":
* The new school bag of the 2017 budget contains homework, autors: Guntis Kalniņš
Highlights:
- Current account reflects the recovering investment activity
- Annual inflation continues hovering around 3%
- GDP growth exceeds expectations and leads to revised forecasts
In Focus:
- Latvia 2017: Back to growth and structural reforms, by Mārtiņš Grāvītis
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Latvian Economy, 2010, May
1. Latvian Economy
Monthly newsletter from Swedbank’s Economic Research Department
by Lija Strašuna No. 1 • 13 May 2010
Stabilisation in labour market, but is deflationary pressure easing?
• Unemployment seems to have reached its peak, bringing stabilisation to the
labour market, but the unemployment rate will be high for years to come. Job
creation is and will be slow, as exporting sectors are not able to absorb a large
part of the current unemployed. To lessen the negative consequences of long-
term unemployment, job creation should be supported, and one of the ways to do
it is by changing tax policy.
• Monthly inflation resumed in early 2010 as upward price pressure came from
abroad due to recovering demand and rising commodity prices in the world;
meanwhile, local deflationary pressure is still present. Although global price
growth is expected to slow in the 2nd half of the year due to gradual fiscal
tightening, stronger-than-expected price pressures from abroad might shorten the
envisaged deflation period in Latvia.
• Unless labour cost cuts are replaced by structural reforms, there is a risk of very
low medium-term growth. For the scenario of low inflation together with low
economic growth not to come true, productivity gains through increasing
production volumes are necessary, supported by activities from the government
side to improve the business environment, tax system, education system, etc.
Unemployment seems to have peaked…
After two years of falling economic activity,
seasonally adjusted GDP increased by 0.3% qoq in
the 1st
quarter of 2010. With recession being over, it
seems that the unemployment rate has reached its
peak. Registered unemployment rate started to
decrease in the first weeks of April, falling to about
16.7% by the end of the month (about 190,000
unemployed). In addition, the number of newly
registered unemployed continues to diminish – from
about 21,800 persons per month in the autumn of
2009, it is down to 16,300 in March 2010 (in 2004-
2007 it was on average 8,000 per month).
According to the State Employment Agency, the
number of job vacancies is also increasing for the
fourth consecutive month, albeit very slowly and
from very low levels (2111 positions for the end of
April).
Unemployment rate, %
0
5
10
15
20
25
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
0
5
10
15
20
25
Newly registered unemployed, thsd people (rs)
Registered unemployment rate
Job-seekers' rate, nsa
Source: State Employment Agency, Eurostat
The development of confidence indices also
supports signs of stabilisation in the labour market.
The unemployment expectations of consumers
diminished notably during the 1st quarter of 2010.
However, the improvement has been observed in
exporting sectors, while companies operating in the
local market are still coping with weak demand. For
instance, employment expectations of businesses in
manufacturing and services are improving, especially
Economic Research Department. Swedbank AS. www.swedbank.lv
Mārtiņš Kazāks +371 6744 5859, Lija Strašuna +371 6744 5875, Dainis Stikuts +371 6744 5844
Legally responsible publisher: Cecilia Hermansson. +46 8 5859 1588
2. Latvian Economy
Monthly newsletter from Swedbank’s Economic Research Department, continued
No. 1 • 13 May 2010
2 (4)
in such exporting sectors as wood, chemicals,
machinery and equipment, and base metal
industries, as well as in travel, tourism, computers,
and research and development-related activities.
Business confidence, employment
expectations
-80
-40
0
40
80
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
Retail trade Manufacturing
Services
Source: DG ECFIN
Unemployment
-40
0
40
80
120
160
200
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
-20
0
20
40
60
80
100
Unemployment expectations over next 12M (rs)
Registered unemployment, thsd people
Source: State Employment Agency, DG ECFIN
Job-seekers’ data for the 1st quarter of 2010 will be
available in late May, but currently it seems that our
earlier forecast of this rate peaking at about 23% in
the spring of 2010 holds. We will see the turning
point in job-seekers’ rate only in August, when
Labour Force Survey results for the 2nd
quarter will
be published. However, the dynamics of this rate
will most likely be similar to registered unemploy-
ment dynamics (although the latter might decrease
faster due to weaker motivation to register when
unemployment benefits end). Even with a possibility
of unemployment rate to increase again in autumn
due to seasonal factors, unless recovery in the euro
zone is substantially slower than expected due to
Greece problems, the unemployment rate reached
this spring will still be the maximum.
… but the labour market will remain weak in
the upcoming years
Overall, there is some stabilisation in the labour
market, but, as historical experience shows, the
unemployment rate will be high for years to come.1
With low employment, no wage growth, and conti-
nuing fiscal consolidation, there is still little hope of
the revival of consumer spending needed to sustain
a meaningful recovery.
We see that job creation is and will be slow, as
exporting sectors are unable to absorb a large part
of the current unemployed. There are about
230,000 job seekers in Latvia, which is nearly as
many as the exporting sectors currently employ.2
With private consumption and investment starting to
recover in 2011, job creation will pick up somewhat,
but it is clear that part of the current unemployment
is a long-term one, as domestic demand sectors will
not need as many employees as in the boom
years. This situation is encouraging people to
emigrate, leading to structural problems in the long
term by diminishing the size and quality of the
labour force.
To lessen the negative consequences of long-term
unemployment, job creation should be supported.
One of the ways to do this is by changing tax policy.
For instance, targeted and temporary tax dedu-
ctions might be considered to encourage first
employment among younger people and long-term
unemployed.
3
This initiative should be included
already in the 2011 budget.
Is the deflation story dead?
Monthly consumer price inflation in the 1st quarter
of 2010 was caused by more expensive imported
goods and seasonal increases in food prices. At the
same time, prices of local goods and services
continued to decline. While the total consumer price
index (CPI) fell by just 0.2% qoq, core CPI (i.e.,
excluding fuel, nonprocessed food, and admi-
nistratively regulated prices) declined by 1.4% qoq
in the 1st quarter of 2010. Monthly increases in
producer prices at the beginning of the year were
mostly driven by more expensive exported
production. On a quarter-on-quarter basis, the
1
See, e.g., IMF, World Economic Outlook (April 2010),
“Chapter 3, Unemployment dynamics during recessions and
recoveries: Okun’s law and beyond”.
2
Swedbank estimations. For instance, there are about 130,000
employed in manufacturing, which is about 14% of total
employment. In the service sectors, there might be up to
100,000 people working for exports (about 10% of total
employment).
3
For more details, see IMF, World Economic Outlook (2010).
3. Latvian Economy
Monthly newsletter from Swedbank’s Economic Research Department, continued
No. 1 • 13 May 2010
3 (4)
producer price index (PPI) of production realised in
the local market declined by 0.2%, while that of
exported production rose by 3.2% in the 1st quarter
of 2010.
Core inflation and total CPI, yoy, %
-10
-5
0
5
10
15
20
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
-2
-1
0
1
2
3
4
Core inflation, mom Total inflation, mom
Core inflation, yoy Total inflation, yoy
Source: CSBL, LaB
Overall, it can be seen that upward price pressure
is coming from abroad, due to recovering demand
and rising commodity prices in the world. In
addition, the weakening euro exchange rate against
US dollar is beneficial for Latvian exporters (outside
the euro zone), although it makes imported energy
resources more expensive.
Producer price inflation, yoy
-20
-15
-10
-5
0
5
10
15
20
25
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
Total Local market Exported
Source: CSBL
Although global price growth is expected to slow in
the 2nd half of the year due to a gradual fiscal
tightening, stronger-than-expected price pressures
from abroad might shorten the envisaged deflation
period in Latvia. Nevertheless, local deflationary
pressure will still be present, as the labour market
will be weak and deleveraging will proceed. This
pressure, together with low global inflation, implies
that, even if inflation in Latvia resumes, it will be
subtle (excluding the effect of tax changes). Tax
changes might influence price developments
substantially, though (especially direct taxes, such
as VAT or excise). Therefore, when planning tax
changes, the authorities should consider not only
the fiscal effect and the effect on incomes but also
the influence on prices. Timing is particularly
important, taking into account the euro adoption
target in 2014.
Although low inflation might make the further
process of competitiveness adjustment slower than
it would be in the deflation case, it would somewhat
ease the deleveraging process, as well as increase
budget revenues (e.g., tax revenues would rise due
to growing turnover) and diminish the budget deficit.
CPI growth (yoy), %
-5
0
5
10
15
20
Jan.08 Jul.08 Jan.09 Jul.09 Jan.10
Eurozone SE UK
RU EE LT
LV Source: Reuters
Competitiveness still improving
It should be emphasized that deflation is not a
necessary condition for improving competitiveness.
What matters is Latvia’s development relative to its
trading partners. In the 1st quarter of 2010,
competitiveness continued to improve due to a
bigger price growth in trading partner countries, as
well as to favourable exchange rate developments.
For instance, the CPI-based real effective exchange
rate (REER) of the lats has already declined by 9%
from its peak in February 2009 – an amount that is
nearly 1/3 of its appreciation since 2006. A similar
trend can also be observed in the PPI-based REER.
So far, the competitiveness adjustment has been
achieved through labour cost cuts, which cannot be
continued forever, while productivity improvement
has been weak.
4
Unit labour costs were also
reduced in the 1st quarter of 2010 – unemployment
4
For more details see our recent Swedbank Analysis „Competitiveness
adjustment in Latvia – no pain, no gain?”, available at
http://www.swedbank.lv/eng/docs/materiali.php?nmid=0&naid
=3
4. Latvian Economy
Monthly newsletter from Swedbank’s Economic Research Department, continued
No. 1 • 13 May 2010
4 (4)
rose, and, according to our forecast, wage cuts
continued. However, it seems that most of the
potential to improve competitiveness through labour
cost cuts and weak labour market driven deflation
has been used by now. At the same time, with the
labour market remaining weak, there are no strong
inflationary pressures. Further adjustment through
the labour market would be extremely painful,
squeezing domestic demand further and
undermining the recovery. The competitiveness
adjustment is not yet over, but, in our opinion,
further gains should be obtained via productivity-
enhancing structural reforms.
Effective exchange rates of the lats,
2005=100
90
100
110
120
130
140
Jan.06 Jan.07 Jan.08 Jan.09 Jan.10
NEER REER_CPI REER_PPI
Source: Bank of Latvia
Risks to future growth
Unless labour cost cuts are replaced by structural
reforms, there is a risk of very low medium-term
growth. In our opinion, the risk of stagflation (i.e.,
high inflation and no growth) is very small, but the
scenario of low inflation together with low economic
growth is more likely. In case of low global inflation,
this would make the process of improving
competitiveness slower and longer than it could be
with local deflation, and export-driven growth would
also decelerate. For this scenario not to come true,
productivity gains by increasing production volumes
are necessary, supported by activities from the
government side to improve the business
environment, tax system, education system, etc.
Lija Strašuna
Swedbank
Economic Research Department
Balasta dambis 1a, Riga, LV 1048, Latvia
www.swedbank.lv
Martiņš Kazāks, +371 6744 5859
Dainis Stikuts, +371 6744 5844
Lija Strašuna, +371 6744 5875
Legally responsible publisher
Cecilia Hermansson, +46 88 5859 1588
Swedbank’s monthly newsletter is published as a service to our customers. We believe that
we have used reliable sources and methods in the preparation of the analyses reported in
this publication. However, we cannot guarantee the accuracy or completeness of the report
and cannot be held responsible for any error or omission in the underlying material or its
use. Readers are encouraged to base any (investment) decisions on other material as well.
Neither Swedbank nor its employees may be held responsible for losses or damages,
direct or indirect, owing to any errors or omissions in Swedbank’s monthly newsletter.