BRIEF-Europlan's EGM decides to spin off Leasing Company Europlan
* SAYS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS DECIDES TO SPIN OFF LEASING COMPANY EUROPLAN Source text: http://bit.ly/2rK9NwG Further company coverage: (Gdynia Newsroom)
STOCKHOLM Oct 12 Price pressure in Sweden is expected to remain subdued as a result of increased e-commerce and tough competition, Sweden's central bank said in a summary of a survey of business sentiment on Wednesday.
In the retail sector, the central bank said companies reported higher labour and purchasing costs but that it was still difficult to pass those on to consumers.
"A very moderate upward adjustment in prices can be expected," the summary said. "Stiff competition and rapid structural transformation within the retail trade, partly due to increased sales within e-commerce, are continuing to hold back prices."
Companies were more pessimistic about the economic outlook than at any time in the last three years, the Riksbank said.
The survey is published three times a year. Representatives of 42 companies with a total of around 243,000 employees in Sweden were interviewed. (Reporting by Stockholm Newsroom; Editing by Simon Johnson)
(The following statement was released by the rating agency) LONDON, June 23 (Fitch) Cyprus's EUR850 million bond issue reduces refinancing risks and demonstrates the sovereign's improved financing flexibility, says Fitch Ratings. The transaction is the second benchmark issue following Cyprus's exit from its EU and IMF bailout programme in March 2016. With existing cash buffers estimated at around 8% of GDP and covering financing needs until 2Q18, the transaction was launched for debt management