Olavi Lepp News Today

(Bloomberg) -- Estonian Prime Minister Kaja Kallas’s government struck a deal on the 2024 budget, compromising after calls for a windfall tax on banks led to disagreement among coalition parties.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College RankingsThe agreement, under ...

The rising Euribor rate could mean that banks are reluctant to issue loans, but the Swedbank Estonia CEO says that the situation is stable.

Estonian businesses may soon reach a limit beyond which it will no longer be possible to progress, Olavi Lepp, head of Swedbank Estonia, told the Delfi Portal's business page, and some companies may fold as the country's international competitiveness continues to wane.

Financial stability is in less abundance now than it was the head of the largest lender in Estonia, Swedbank, says, while in adapting to the new norms after a period of getting used to growth, the economy will need to be more flexible.

An AML pilot which saw ten Estonian banks take part in a country-wide initiative to tackle financial crime has been lauded as a success by participating banks, preventing up to €3 million from reaching criminal-controlled accounts.

An Estonian start-up and local banks have successfully piloted a data sharing platform that prevents money laundering.

Head of Swedbank Estonia Olavi Lepp said on Wednesday that energy prices will continue to rise in the coming months and there will be little relief.

Although the coronavirus is still ongoing, new records are being set in different areas every week, even exceeding pre-crisis period results. Estonians are living better than ever, but it's important to ask when will the bubble break.

A group of Estonian investors has come to an out-of-court settlement with Scandinavian-owned bank Swedbank, bringing to an end a thirteen-year saga surrounding junk bond deals in Romania.