Also Record number of new companies formed in Sweden


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Monday, 05 September 2011
During the first eight months, in Sweden, there some 47,836 new companies created in the country. That is some 20 percent more than during the same periods of 2010. 6 out of 10 new companies is a limited liability company.

New businesses thrive, despite the financial crisis, and most that are making progress are the limited liability companies according to recent statistics from the Swedish Companies Registration Office.
From January to July 36,398 new companies were registered. It is 53 percent more compared to the same period last year.

“We have seen that many young people are starting their own companies,” says Roland Sigbladh, marketing manager at business credit assessment company, UC.

The number of companies that were recorded in August were 393 .611 overall. The increase has been rapid in recent months. Since the end of March 2010, 42,489 limited liability companies have been born in the country.
The construction industry and service sectors are the sectors that are growing the most, according to Roland Sigbladh. Many are also expected to be profitable and employ more people.
“Several of the companies which young people start is in the construction sector and services. And most companies are started in Stockholm, Sk�ne and V�stra G�taland,” says Roland Sigbladh.

New businesses are expected to grow even more, especially in areas where Sweden has long lagged behind, such as tourism in rural areas, according to other authorities such company association Nyf�retagarcentrum.
Nyf�retagarcentrum, which is the centre for new businesses, stress that the most important issue right now is about young entrepreneurs in the IT industry.
“We were the leader in IT and we are losing. We must become better at taking advantage of these young entrepreneurs.”
Citing specific example the organisation said that “It's about giving opportunities to young people, and they must have someone to sell to. For example, communication is very bad for healthcare sector.”

“It could have been much better is help was given to the young people who have invented all the latest communications solutions. But then the health care ends up making large procurements and become susceptible to small-scale solutions.”
By Team

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