Small businesses, employing most Estonians, can find new growth opportunities this year. According to Vaidotas Šumskis, an economist at Finora Bank, these lie in the recovering purchasing power of Estonians, Finland’s economic rebound, and exports to unexpected European countries outperforming even Germany.
In 2024 Finora Bank recorded unprecedented growth. The loan portfolio provided to business clients increased by more than 39% over the year – from €20.4 million at the end of 2023 to…
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Although Estonia's economy is no longer shrinking, it has yet to return to growth. However, signs such as recovering investments and improved financing opportunities for small businesses—which form the backbone of Estonia's…
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Access to financing has long been a challenge for Estonia's small businesses, creating a significant bottleneck for economic growth. However, the unexpectedly rapid decline in Euribor presents an opportunity that could prove…
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Mangirdas Kireilis, a seasoned professional in banking sales, has been appointed Head of Sales for the Baltic countries. He will also lead the Estonian branch, with approval from the Bank of Lithuania.
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The Bank of Lithuania's latest quarterly report offers some encouraging news: the country's GDP is expected to grow by 2.2% this year, which is 0.3 percentage points higher than predicted in June.…
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Finora Bank relocates headquarters to new, larger office in Vilnius, at Žalgirio g. 90 in Vilnius.
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Finora Bank, a Lithuanian-based specialized bank catering to micro, small, and medium enterprises (MSMEs), has successfully raised €5.6 million in a funding round. This significant capital injection, consisting of both equity and…
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Lithuania and Estonia have been competing in the IT sector for a long time. Over the past two years, Lithuania has become the fastest-growing economy in the Baltic region, avoiding the economic…
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According to the latest analysis by Finora Bank, the development of residential and commercial real estate projects remains slow across the Baltic countries. However, the construction sector is finding new opportunities through…
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