Leasing on the rise in Latvia

The Latvian financial market, one of Europe’s fastest growing
economies, is set to experience financial difficulty, and as a
result resort even more to leasing, according to a report in
The Economist.

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Latvia, and to a lesser extent, Lithuania and Estonia all have
overheating economies and fixed exchange rates, as well as
year-on-year inflation. As a result, banks may have to cut back on
spending, leaving leasing as a viable alternative to fill the gap,
The Economist report said.

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