Tag: Eurozone

Estonia: Swedish rounding introduced for cash payments

Via BalticaJanuary 6, 202501 mins

Estonia has implemented a new rounding rule for cash payments as of 1 January 2025, The Baltic Guide reports. Under the new “Swedish rounding” rule, the final cash transaction totals will be rounded to the nearest five cents, reducing the need for one and two cent coins. The coins will still remain legal tender, however….

Baltic
Business
Economy
Estonia
Latvia
Lithuania

Baltic: Interest rates remain highest in eurozone in November 2023: ECB

Via BalticaJanuary 17, 2024January 17, 202401 mins

The Baltic States continue to have the highest loan interest rates in the eurozone, according to data from the European Central Bank (ECB), ERR reports. The average interest rate in the three Baltic countries was 5.9% at the end of November 2023. The eurozone average stood at 4.1%. Meanwhile, the average interest on consumer loans…

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Eurozone

Estonia: Swedish rounding introduced for cash payments

Baltic: Interest rates remain highest in eurozone in November 2023: ECB