3 min.
Editorial Invest in Slovakia
Get information from a selection of articles from other media. Our summary of each of them will save you time. You'll find news from the worlds of finance, technology, and real estate.
A conservative investor can lose thousands of euros. The reform will create an unexpected risk in Pillar II - The forthcoming reform is intended to fundamentally change the guarantees of bond funds. In the event of a transfer between pension management companies, the saver will lose the right to compensation for any losses from the management company's funds.
EU group agrees to increase offshore wind capacity - 8 EU countries, including Germany and Denmark, but also Poland and Lithuania, have decided to multiply the capacity of their wind farms in the Baltic Sea by up to 7 times by 2030.
Financial market crises can now also be resolved quickly by the Resolution Board - which may require a swift suspension of trading in financial instruments. This applies to credit institutions and securities dealers with a capital of at least EUR 730 thousand. The Council's aim is to preserve financial stability. The two new amendments to the law are intended to significantly shorten the suspension process and thus prevent the collapse of banks or other financial institutions that run into difficulties.
Central banks have lost the battle against inflation. How to correct their failure? - In his third book, the financial historian argues that in the 5,000 years of money, interest rates have never fallen so low. Central banks have thus created "the bubble of everything". The long-term interest rate of 0.1 % with rising inflation has also boosted house price growth. "We should have predicted it better. But we didn't," admitted the RBA Governor. The banker of the German central bank states that "supply bottlenecks and geopolitical tensions are likely to continue."
Three trends that are changing the insurance industry - With a digital approach to customer service, reps can interact with customers using any method, including chat, voice and video. The agent experience has become a strategic priority. They are an important sales tool for companies and require access to a wide range of information. In addition to these, the use of artificial intelligence is also on the rise. For example, when taking out an insurance policy, insurers can use AI for initial research and avoid the most common risks.
Cryptocurrencies fall: bitcoin fell again below the 20-thousand mark and ethereum below the 1,500-dollar level - Compared to the previous "close", the value of the strongest cryptocurrency has dropped by almost $300, and compared to the yearly high, the decrease in value amounts to almost 60 %. The number two on the market - Ethereum lost over $40 and stopped at $1,467 per token.
NASAA issues warning against investing in the metaverse, including NFTs, virtual real estate and more - "Our experience with so-called investment opportunities in the metaverse is that we see the same old financial scams simply dressed up in new clothes and offered to investors in the metaverse. Investors need to be wary of any investment that promises unrealistic returns with minimal risk," states the NASAA President.
The rise of nested finance - A recent Accenture study and questionnaire found that across 100 non-financial companies in the US, 47 % respondents are already investing in embedded finance and plan to implement it. What will marketers gain from implementation? They will save time on loan approvals, account settlements, payment confirmations, etc. Add to this the fact that nearly nine out of ten people agree that having a variety of payment options makes it easier for them to make decisions and encourages them to spend more.
Slovenská sporiteľňa: We taught George to communicate in Ukrainian - "Thanks to this, more than 8 thousand of our Ukrainian clients will be able to better navigate their accounts," says a member of the Board of Directors of Slovenska sporiteľna. In addition, citizens of Ukraine have a personal account for a year free of charge.
Pleasant reading!
