The government debt to GDP ratio rose in both the euro area and the EU27, according to Eurostat latest report.
Estonia’s gross debt/GDP ratio of 6.1% is the lowest of all European countries covered by the latest publication of official Eurostat figures – but the stricken economies of Portugal, Ireland, Italy and Greece are still still well off the eurozone and EU 27 averages.
Stockholm-based manager East Capital has made one of the biggest property transactions in the Baltics since 2010 as part of the launch of its second Baltic Property Fund.
S&P’s new rating of European sovereign debt is outlined in the attached table.
Standard & Poor’s has downgraded the credit ratings of a raft of eurozone nations including Italy, Spain and Portugal as well as stripping France and Austria of their AAA status.
Marcus Svedberg, chief economist for Swedish asset manager East Capital, says there is a pricing anomoly between the premiums on bonds and the discounts on equities in the CEE region.
The Baltic International Bank has joined with financial experts to publish its first semi-annual list of the ‘TOP 21’ factors affecting investors in the CIS/Baltic States region.