Debt

HANDOUT - 25 June 2022, Russia, Saint Petersburg: Russian President Vladimir Putin is pictured ahead of his meeting with Belarusian President Alexander Lukashenko. Photo: -/Kremlin/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full.

World

WAR IN UKRAINE

Moody's confirms Russian international debt default

The Nomad Today/dpa 6/28/22

The fact that Moscow's payments are blocked because of sanctions is "not our problem," Kremlin spokesperson Dmitry Peskov said on Monday, according to the Interfax news agency

28 February 2022, Bavaria, Munich: A woman holds Russian ruble banknotes in her hands. The European Union put its severe sanctions against the Russian Central Bank into effect on Monday night. Photo: Sven Hoppe/dpa.

World

WAR IN UKRAINE

Russia readies to repay foreign debts in roubles

The Nomad Today/dpa 3/14/22

The announcement comes after President Vladimir Putin said earlier this month that "unfriendly" states could see financial obligations settled using only the volatile currency

06 March 2022, Russia, Saint Petersburg: Police Officers detain a protestor during a demonstration against the Russian military operation in Ukraine. Photo: Stringer/SOPA Images via ZUMA Press Wire/dpa.

World

WAR IN UKRAINE

Russia to punish 'unfriendly states' by paying them only in roubles

The Nomad Today/dpa 3/7/22

The Russian list of unfriendly states includes Spain

28 December 2021, Spain, Madrid: Spanish Prime Minister Pedro Sanchez (L) and First Vice-President of the Government and Minister of Economic Affairs and Digital Transformation Nadia Calvino attend a plenary session at the Congress of Deputies where the 2022 General State Budget will be discussed. Photo: Eduardo Parra/EUROPA PRESS/dpa.

Economy & Business

2022 FINANCING STRATEGY

Spain plans to issue € 75 billion of public debt despite EU funding

The Nomad Today 1/11/22

The government says the financing program for 2022 starts from a prudent scenario

Prime Minister Pedro Sanchez (L) with Minister of Economic Affairs Nadia Calvino (C) and Minister of Employment Yolanda Diaz in Parliament. Photo: Eva Ercolanese/PSOE.

Economy & Business

BUSINESS

Spain's 2021 net public debt issuance to be 25% lower than estimated

The Nomad Today 12/8/21

The average cost of the debt issued in the year will be negative for the first time in history, at -0.02%

FILED - A scene from a Beijing construction project. The head of Chinese real estate group Evergrande, which is threatened with collapse, told employees in a letter that he is convinced the "darkest moment" can be overcome. Photo: picture alliance / dpa

Economy & Business

ASIA

China's real estate giant Evergrande warns it could run out of money

The Nomad Today/dpa 12/4/21

Evergrande is considered the most indebted real estate company in the world

Apartment buildings in Helsinki. Photo: Pixabay.

Finland

HOUSING LOANS

53% of Finnish households in debt

The Nomad Today/dpa 6/27/21

The total amount of these loans was 131,600 million euros in 2020, 3.4% more than the previous year

Minister of Finance Annika Saarikko (Center Party). Photo: Lauri Heikkinen/Vnk.

Finland

PUBLIC FINANCES

Finland's debt relative to GDP is close to 70%

The Nomad Today 6/24/21

General government debt has grown by 10.4 billion euros compared with the respective period of the year before

A Norwegian plane flies over a lake and snowy hills. Photo: Petteri Jokela/Pixabay.

Economy & Business

BUSINESS

Troubled airline Norwegian wins fight against insolvency

The Nomad Today/dpa 5/27/21

The days of Norwegian long-haul flights are now over.

The leaders of the 5 parties that make up the center-left government coalition, with Prime Minister Sanna Marin in the center. Photo: Lauri Heikkinen/Vnk.

Finland

ECONOMIC FORECAST

Finland to run substantial deficit until the middle of the decade

The Nomad Today 5/17/21

The public debt-to-GDP ratio will exceed 75% in 2025 and will continue to grow thereafter.

Matti-Vanhanen-Mika-Lintilä-by-Lauri-Heikkinen-Vnk

Finland

IMBALANCE

Finland deficit and debt soar above limits of EU Stability Pact

The Nomad Today 4/21/21

The financial position of general government weakened by good 10 billion compared with 2019.

Matti-Vanhanen-Minister-Finance-by-Jussi-Toivanen-Vnk

Finland

BUDGET AMENDMENT

Government debt expected to total 138 billion at the end of 2021

The Nomad Today 11/23/20

The government submitted to Parliament its plan to amend the budget proposal for 2021, which allocates additional funding for future-oriented investments and for increased expenditures arising from…

22 November 2020, Hamburg: Police officers run in the form of a police chain in front of a water cannon as protesters set up their barricades during a protest against the measures of the German government amid the coronavirus pandemic. Photo: Georg Wendt/dpa

Coronavirus

PANDEMIC

G20 leaders pledge ‘affordable, equitable access' to vaccines

The Nomad Today/dpa 11/22/20

The bloc’s leaders said Sunday they were committed to a debt suspension initiative launched for the least-developed countries.

entrepreneur-economy-crisis-deficit-debt

Finland

142.5 BILLION IN TOTAL

Finland's debt grew 3.2 billion last year, revised data shows

The Nomad Today 10/21/20

The financial position of general government weakened by around 300 million euros from the year before.

Coronavirus-mask-money-keyboard-protection

Finland

RECESSION

Finland's debt grew 8.6 billion during worst quarter of pandemic

The Nomad Today 9/26/20

The country's public debt rose to 68.6% of GDP at the end of June.

The leaders of the parties that make up the government, and the Minister of Finance (R), during the presentation of the budget proposal for 2021. Photo: Lauri Heikkinen/Vnk.

Finland

POLL

2021 is not a good time to raise taxes, Foreigner.fi readers say

The Nomad Today 9/22/20

Foreigner.fi will ask a different question about Finland and Finnish lifestyle every Friday on its official Twitter account @foreignerfi

Finland

General government debt grew by 12.3 billion

The Nomad Today 6/28/20

Central government debt grew by 10.5 billion euros and was 128.6 billion euros at the end of the first quarter.

Mikko-Spolander-(c)-press-conference-screenshot-by-Finnish-Government

Finland

GOVERNMENT FORECAST

Finnish economy will shrink 6%

The Nomad Today 6/16/20

The unemployment rate for 2020 will rise to 8.5% and government deficit will climb to over 8%.

Finland

Finland notifies Brussels of increases in deficit and debt

The Nomad Today 4/22/20

General government deficit was 2.7 billion euros, 700 million more than the year before. Consolidated debt grew by around 3 billion and amounted to 142.5 billion at the end of 2019.

Man-empty-pockets-jeans-debt-money-bankrupt. by Darko Djurin

Finland

Government launches plan to reduce Finnish households overindebtedness

The Nomad Today 1/29/20

Household debt in relation to income is higher than ever before. New forms of loans, operators outside the traditional banking sector and new practices have increased the availability and…