Nowadays, when the number of creditors and debtors is increasing, the problems of bad credit history are also emerging in the area of lending. In fact, debtors’ credit histories were most severely damaged during 2008-2012, when Latvia had so-called “fat years”. It was a time when the average wage level of the population was much…
The European Central Bank (ECB) has recently raised the key interest rate from 1.25 percent to 1.5 percent. As announced, the central bank is thus continuing its exit from the crisis policy of cheap money – despite the sovereign debt crisis in some eurozone countries. Who use low interest rates? Low interest rates tend to…
News Classical pension insurance Comparison: Where is the most money? Wednesday, 26.04.17 , written by Christian Hafler A recent comparison of various classic annuity policies shows how much this pension has changed over time. Some insurers are doing much better than others with the low interest rates. If paid in 2017, the differences between the…