SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

(230531) -- STOCKHOLM, May 31, 2023 (Xinhua) -- Workers are seen at a residential building construction site in Stockholm, Sweden, May 31, 2023. High inflation and rising interest rates have been pressing Sweden's businesses and households hard and are exposing vulnerabilities in the country's financial system, the financial supervisory authority (Finansinspektionen, FI) said on Tuesday. Several highly leveraged property companies and large listed ventures are under pressure to reduce their indebtedness, it said. However, small or medium-sized property companies face major risks, according to FI. (Photo by Wei Xuechao/Xinhua)

SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

(230531) -- STOCKHOLM, May 31, 2023 (Xinhua) -- A man walks past a real estate agency in Stockholm, Sweden, May 31, 2023. High inflation and rising interest rates have been pressing Sweden's businesses and households hard and are exposing vulnerabilities in the country's financial system, the financial supervisory authority (Finansinspektionen, FI) said on Tuesday. Several highly leveraged property companies and large listed ventures are under pressure to reduce their indebtedness, it said. However, small or medium-sized property companies face major risks, according to FI. (Photo by Wei Xuechao/Xinhua)

SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

SWEDEN-STOCKHOLM-HIGH INFLATION & INTEREST RATES-PROPERTY COMPANIES-PRESSURE

(230531) -- STOCKHOLM, May 31, 2023 (Xinhua) -- A biker passes by a residential building construction site in Stockholm, Sweden, May 31, 2023. High inflation and rising interest rates have been pressing Sweden's businesses and households hard and are exposing vulnerabilities in the country's financial system, the financial supervisory authority (Finansinspektionen, FI) said on Tuesday. Several highly leveraged property companies and large listed ventures are under pressure to reduce their indebtedness, it said. However, small or medium-sized property companies face major risks, according to FI. (Photo by Wei Xuechao/Xinhua)

Egypt's total foreign debt accounts for 19.2 pct of GDP: minister

STORY: Egypt's total foreign debt accounts for 19.2 pct of GDP: minister DATELINE: Aug. 30, 2022 LENGTH: 00:01:20 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of the Egyptian Ministry of Finance 2. various of the conference STORYLINE: Egyptian Finance Minister Mohamed Maait held a press conference on Monday to introduce the economic situation in Egypt. The minister explained that the debt-to-GDP ratio decreased from 103 percent in June 2017 to 87.2 percent in June 2022. According to the minister, 77 percent of the government's debt is domestic to institutions and individuals in Egypt, and only 23 percent is external in hard currency, and the external debt of the budgetary organs accounted for 19.2 percent of the GDP in June 2022. The minister said that the size of the Egyptian economy has tripled during the past six years, at rates that exceed the government's indebtedness, in a way that reflects the government's success in directing development funds to real investments.