SSE.LT

After spending some time on Delfi, I have once again faced an eye catching idea: Sampo Bank (one of the banks, operating in the Baltic states) offers its clients an amazing 18% annual rate on their half-year deposits, while regular time deposits for the same period earn around 4.3%. However, as a rule, there also should be some nasty things, which the bank takes for additional privileges it grants. And I was prepared for that. This time, it was an obligation to invest 75% of your portfolio in Danske Fund Global Emerging Markets, and the rest into the amazing deposit.
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Mr Andris Skele, once the prime-minister of Latvia and the founder of the currently ruling Tautas partija (Folk’s party), delivered a speech yesterday at the ceremony of awarding the Spidola prize in the field of economics. During this speech he has presented another set of suggestions on improving economic situation in Latvia. I will not consider all his peculiar solutions; however, two of them seemed quite interesting for me to present and to analyze.
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The recent report by McKinsey has identified new financial markets participants, which might unexpectedly affect its development. Petrodollars, Asian center banks, hedge and private equity funds – these institutions, as the report mentions, have obtained a great ability to influence financial markets during the last 6 years. Besides, even under optimistic assumptions, in the same period ahead, the new power brokers might reach the size when other investment funds will have to adopt their behavior according to the new brokers’ actions.
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Hi everyone!

With this post I would like to announce the beginning of the modest project – sse.lt. As you have probably noticed, it will take the form of a blog with all relevant posting and commenting opportunities.

The blog will be discussing various economic and business issues, presenting independent and creative viewpoints and comments of its authors, each of whom will do his or her best to deliver clear, intellectual and challenging opinion. Apart from that, every interested reader of the blog is very welcomed to argue or support particular statements to have an enjoyable time for all the participants of the project.

It is also vital to give thanks for all those who helped us to implement this idea: every author, who have kindly supported the project with their valuable knowledge; Anatolij, who have set the account and have been maintaining the technical issues; Wordpress, who have provided an easy engine to the web.

All in all, I wish productive and pleasant time spending for everyone who is involved in sse.lt!

BR, on behalf of the authors, Aleksej