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Volvo Car jobs disappear in Skövde, Sweden

Thursday, 12 July 2012
Some 40 jobs are disappearing at Volvo Cars of Skövde, local media report blaming consequence of management's decision to cut back on production of cars during July and August after a sharp drop in sales during May.

Volvo car’s performance in the USA is increasing.

Wednesday, 04 July 2012
Volvo sold 7107 cars in the U.S. in June, a slight increase, 0.1 percent, compared to the same month last year, the company announced.

Alfa Laval wins a Skr 60 million unique energy efficiency order from AkzoNobel

Thursday, 28 June 2012
Alfa Laval has won an order to supply a unique evaporation system to an AkzoNobel chemical plant in Germany, according to a press release.

Alfa Laval wins SEK 60 million energy-efficiency order in South Korea

Monday, 25 June 2012
Alfa Laval has received an order for Alfa Laval Packinox heat exchangers from a refinery in South Korea. The order value is about SEK 60 million and delivery is scheduled for 2013.

The Swedish government takes over Saab spares

Thursday, 21 June 2012
The Swedish Public Debt Office has exercised its power and will take over part of Saab Automobile’s bankruptcy estate.

Sleep Medication, Edluar, gets swedish backed European approval

Friday, 15 June 2012
Edluar has received registration approval in Europe via the decentralized procedure with Sweden acting as Reference Member State.

SKF induced cost cutting in Germany

Wednesday, 13 June 2012
The Swedish engineering company, SKF is to cut costs in Germany by offering early retirement and voluntary departures.

Holmen sells paper machine

Friday, 08 June 2012
Holmen Paper has signed a deal to sell PM 61 at its mill in Madrid. The buyer, Albayrak Turizm, will dismantle and move the machine to Turkey.

University of Miami initiates clinical trial of XM-ONE® - Press release

Thursday, 07 June 2012
The transplantation unit at Jackson Memorial Hospital and the University of Miami, FL, USA has entered into a research project with the Allenex group company AbSorber.

Cybercom divests Chinese operations and to focus on Nordic market

Tuesday, 05 June 2012
IT consultant Cybercom has signed an agreement with Wicresoft to divest the Chinese operations, signalling that though china might be the second biggest economy where every one wants to get a slice of the market there, it is not open for all.

Ikea to lay off 55 employees

Wednesday, 30 May 2012
Inter Ikea Systems distribution in Helsingborg, Sweden is laying off 55 employees blamed on the company’s decision to moves closer to emerging markets. The activities will focus on Greece and Singapore.

Medical product company, Genovi sees its rights issue fully subscribed

Tuesday, 22 May 2012
Genovis’ rights issue is fully subscribed and 81percent of the shares are subscribed with preferential rights.

AstraZeneca PLC re-purchases shares

Tuesday, 22 May 2012
AstraZeneca PLC announced re-purchase shares

Ryanair's profit growth but will be challenged by austerity.

Monday, 21 May 2012
Ryanair (RYA.I), Europe's biggest budget airline, warned high fuel costs and a worsening economic outlook in Europe meant profit would slip by up to 20 percent in the coming year, the first fall in four years reports Reuters.

Dynea sells Finnish paper overlays business

Tuesday, 15 May 2012
Dynea Chemicals Oy has sold its paper overlays business and assets in Kitee, Finland to Surfactor Finland Oy on May 14, 2012.

Meat producer Danish Crown lay off 500 in Esbjerg

Friday, 11 May 2012


SAS to renew plane fleet in a new strategic plan


Fashion leader, H&M criticised by a Swedish Cancer organization.


Increased order for the Swedish industries – a brighter light at the end of the tunnel


A Slight increase in Swedish industrial production amidst economic gloom in the background


Accenture chases away Nokia workers


Drunken SAS pilot stopped at a Swedish airport


Strong performance of Statoil as it forecast further growth



Mobile telephone system in Sweden killing fixed lines network

Friday, 27 July 2012
Swedish people are choosing to give up their fixed line subscription and lean towards mobile telephony instead. Today, there are about 4.5 million Swedes who have a fixed line rental, and that is 700 000 less than it was just three years ago.

Swedish companies lining up to invest in dictatorship as the EU relaxes investment rules in former dictatorships

Thursday, 26 July 2012
Several Swedish companies are ready lining up to start establishing themselves in the former military dictatorship in Burma. Telecoms giant Ericsson and the two truck manufacturers Scania and Volvo are the few that have shown indication that they will be heading the queue.

Astra Zenca suffer from profits drought

Thursday, 26 July 2012
The Swedish - British pharmaceutical company AstraZeneca reported earnings per share for the core (Core) at $ 1.53 in the second quarter of 2012 (1.73), as shown on its interim report.

Czech Republic not satisfied with Swedish gripen business - calls for renegotiation of terms and price

Wednesday, 25 July 2012
Sweden's negotiations with the Czech Republic on the lease of 14 Swedish-made Gripen fighters have come to a grinding halt - Swedish media say it has temporarily stalled.

Another listed firm in Sweden goes bankrupt as the economic crisis keeps biting

Tuesday, 24 July 2012
Telecommunications Company, One Media, which is listed on the Stockholm Stock Market, via Aktietorget, was on Tuesday reported to be heading into bankruptcy.

Mercedes to start production of the A -Class models in Finland

Tuesday, 24 July 2012
The Finnish car factory Valmet Automotive in Uusikaupunki, the western coastal town will begin to manufacture Mercedes-Benz cars.

AB Volvo presents a better than expected  result for the second quarter

Tuesday, 24 July 2012
Heavy duty vehicle manufacturer,  AB Volvo reports a profit before tax of Skr6.764 million for the second quarter of 2012. This compares with profit of Skr7.249 million kronor for the corresponding period of 2011

SKF sued in the USA for cartel formation - reports

Monday, 23 July 2012
Swedish industrial giant and bearings manufacturer SKF and five others companies have been sued by the U.S. component supplier, Spindle Parts, acting on behalf of their clients in a class action.

How clothing giants and H&M plan to manage VAT hike

Monday, 23 July 2012
Swedish clothing giant, H&M says it does not plan to increase clothes prices in Spain despite the government's decision to increase VAT to 21 percent from 18 percent.

Scania reports profits, which is being described as greater than expected

Friday, 20 July 2012
Bus and truck manufacturer Scania reported a profit before tax of Skr1.88 million in the second quarter. This compares with profit of Skr3.346 million corresponding period 2011.

Nokia loss reduced more than expected

Thursday, 19 July 2012
The Finnish mobile phone giant Nokia reported a loss before tax of €878 million, about Skr7.5 billion, for the second quarter. This compares with a loss of €544 million the same period in 2011

Electrolux impressive with larger than expected quarterly report

Thursday, 19 July 2012
Swedish white good company, Electrolux has been getting praises here and there for reporting an impressive quarterly profit far exceeding expectations for the second quarter.

Telia feels that there could be increased in the cost of surfing as more data usage pushes voice application

Wednesday, 18 July 2012
As more people tend to send text, operate, and transfer more data than talking in the phone, Telia is now targeting that sector for making money from.

Ericsson continues to struggle as profits slop

Wednesday, 18 July 2012
Swedish telecom giant, Ericsson reports profit before tax was Skr 1.8 billion for the second quarter of 2012.

Stoppage of trading of Nordea stocks and shares in Nordic market

Tuesday, 17 July 2012
Trading in the Nordic biggest bank Nordea has seen the trading of its shares stopped trading on the stock exchanges in Stockholm, Copenhagen and Oslo, as an investor alert.

SAS seeks the help of Indian consultancy as the company continues to beg for survival strategy

Tuesday, 17 July 2012
The Scandinavian airliner, SAS will need the help of low cost production if it is able to compete somewhat. As such, the most optimal option at its disposal is to outsource its financial operations to a low cost country - India.

Higher profits for Handelsbanken as operations out of Sweden prove to be more profitable

Tuesday, 17 July 2012
Handelsbanken reports an operating profit of Skr4.528 million in the second quarter. This compares with earnings of Skr4 136 million in the corresponding period last year.

Venture capital organisations operating in Sweden requested to be removed from the hate list by becoming more transparent in their operations

Tuesday, 17 July 2012
Swedish venture capital organisations want to be accepted by the Swedish population as a way of financing and growing businesses. For this reason, they want to come clean and transparent - Yeah?

Skyways which is currently under bankruptcy management has debt of Skr410 million

Monday, 16 July 2012
It was dobbed, the new ways of business and regional travel in Sweden - regular flights around. But all that was done in the back of huge debts because as the company went bankrupt in May, airline Skyways and its subsidiary City Airlines, had a total debts of Skr410 million.

H&M sales increased 13 percent in June

Monday, 16 July 2012
In June 2012, H&M Group total sales including VAT in local currencies increased by 13 percent compared to the same month the previous year.

More bad news for Nokia as Finnish equity funds lose faith in the mobile phone maker

Monday, 16 July 2012
Mobile phone manufacturer Nokia has lost its position as a trusted firm for equity funds. Nokia’s percentage in Finnish investment funds has dropped to a record low as professional investors have lost their faith in the company and sold their shares.

Nokia slashed price of the Lumia phones in half in the USA as window 8 upgrade rebuff kills sentiment

Monday, 16 July 2012
Nokia has cut the price of its Lumia 900 phones in the USA  after it was confirmed that there will be no upgrade path to Windows Phone 8 for the handset.

Swedish giant bank, SEB reports strong numbers for the Second quarter of 2012

Monday, 16 July 2012
Swedish giant bank, SEB's reported a profit before credit losses amounted to Skr 4.2bn (Skr 3.6bn the second quarter 2011).

Swedish state energy company, Vattenfall infuses more money into its German business

Thursday, 12 July 2012
Swedish State-owned energy company, Vattenfall confirmed media reports that it will build a new gas and steam turbine power plant in Hamburg, Germany as it work up to gain from the energy sector which is one of the fastest growing business sector globally.

Many former Saab automobile's employees seat well in the job market

Thursday, 12 July 2012
Employees of pre-bankrupt Saab automobile are seen to be very attractive on the labour market.

Airliner, Norwegian reports short of expected because of Nkr70 million  strike cost

Thursday, 12 July 2012
The Norwegian budget airliner, Norwegian reported a weaker than expected second quarter result which made the boss, Bjørn Kjos irritated.

Impressive customer service exhibited by Telenor - a case study for business management - when customer told to burn in hell

Tuesday, 10 July 2012
We have heard often - those of us who attended business school that good customer service is the key to growing and improving business and its brand. Some small businesses try to give in all they have along this lines but once they have grown big, arrogance comes in. But the case of Telenor is not that it grew from a small business to a big one seen today.

Norwegian oil exports threatened by growing strike in the sector

Monday, 09 July 2012
All Norwegian production of oil and gas is likely to be stopped on Tuesday night if solution for a strike called is not averted.

Growing number of fraud in Sweden as it doubled in ten years

Monday, 09 July 2012
Sweden is seeing a growing number of fraud in its society as last year, police in received cases relating to fraud up to 115 000 complaints, a doubling in ten years.

Swedish Companies are more optimistic of the future

Monday, 09 July 2012
A new survey conducted in 40 countries including 200 in Sweden have shown that Swedish companies are gradually looking into the future with a positive outlook.

SAAB automobile determined to be real energy efficient by connecting to Energy giant

Friday, 06 July 2012
Saab Automobile's new owners Nevs is reported to be strongly connected to the world's largest manufacturer of solar cells.

Volvo AERO to be sold to GKN

Thursday, 05 July 2012
Volvo is selling Volvo Aero to the British engineering group GKN for about Skr6.9 billion on debt free basis.

Bankruptcies in Sweden on the rise

Thursday, 05 July 2012
The amount of Swedish companies that became financially distressed and fell apart increased in June comparatively. Within this month, that is, June, 598 companies went out of business, up 17 percent from the same month last year.

Cash handler, Loomis enters into agreement with Swedbank

Wednesday, 04 July 2012
Loomis Sweden has entered into a frame agreement with Swedbank, in Cash Handling.

Swedish services sector crumple as PMI in the services sector fell to 47.4 in June

Wednesday, 04 July 2012
The services sector which is the growing driver of the Swedish economic sent a signal that the economy is really weaker that previously thought. Just a few days ago the PMI for the industrial sector fell to a new low, now come that of services also at another very low level.  

1300 new tourism companies created in Sweden last year

Wednesday, 04 July 2012
Of all the 76 000 new companies established in Sweden last year, 1300 of them are exclusively  engaged in tourism activities, said the tourism industry Entrepreneurial Index.

Boat manufacturers, Nimbus Boats out seeks bankruptcy protection

Tuesday, 03 July 2012
Nimbus Boats, the largest manufacturer of pleasure boats in Scandinavia which headquarter in Långedrag, Gothenburg has applied for bankruptcy protection and currently being taken over by the administrators.

Alfa Laval continues to expand its product portfolio – acquires leading niche company in the US

Tuesday, 03 July 2012
Alfa Laval has acquired the US based company Vortex Systems, a leading manufacturer of innovative mixing and blending solutions for the oil & gas industry.

Chinese company, Youngman seeking to hire Saab engineers - report

Tuesday, 03 July 2012
Although the Chinese Youngman, failed to buy Saab Automobile's bankruptcy estate, it continues to struggle to own some of the core components of Saab automobile.

Another fall in New business start-up in Sweden

Tuesday, 03 July 2012
Compared with the record year 2011, the number of new business start-up in Sweden now fell to 2010 levels according to reports.

Switzerland to hire fighter jet, Gripen from Sweden

Monday, 02 July 2012
In a continuous protracted means to sell its fighter jets to Switzerland, it has emerged that the Swedish authorities will be hiring out their gripen fighter jet to Switzerland. This could be the ´first step for them selling the war machinery to the land-lock European country.

Saab defence group receives a strong order from the Swedish military.

Friday, 29 June 2012
Saab has received four orders from the Swedish Defence Materiel Administration, FMV, for Gripen development, support and maintenance through 2016.

Nokia boss acknowledge mistakes stressing critics’ view that the company had no strategy despite its size.

Friday, 29 June 2012
Nokia's CEO Stephen Elop admitted on Thursday that the company failed to anticipate the rapidly changing mobile industry and that it is one of the reasons behind its decline.

Swedish hospitals seeking to save billion just as the impossibility to make money from healthcare provision is fully established

Friday, 29 June 2012
How can any organisation provide affordable healthcare and then also make profit. Is there any way such a thing can happen? At this moment, in Sweden no!

China unleashes its big plans for Sweden and the Nordic region as regional giant bank to be launched

Wednesday, 27 June 2012
China is getting more and closer to Sweden and is now getting ready to open a branch of one of its most powerful financial houses in Stockholm, Sweden’s capital.

Finnish airliner, Air Finland goes bankrupt

Wednesday, 27 June 2012
The airliner, Air Finland has all flights to remain on the ground, as the  
10-year-old airline and package tour operator has ends all operations and filed for bankruptcy.

Swedish companies identifying the benefits of work place diversity

Tuesday, 26 June 2012
Companies that show aspects of work place diversity are more likely to be profitable, according to except of a survey conducted by polling organisation, TNS Sifo.

Vestas receives record contract

Monday, 25 June 2012
The Danish windmill manufacturer Vestas Wind temporarily turned up on Monday morning after the company announced its largest service order to date.

LinkedIn very popular with Swedish professionals as One million Swedes get on board.

Monday, 25 June 2012
The Social media site more popular for the Swedish professionals today is LinkedIn. According to latest review, one-fifth of Sweden's labour force is now registered on the career network site, which has more than 161 million members worldwide.

Moody's hit hard at 15 big banks as the Euro-zone risk fears grow

Friday, 22 June 2012
As the global financial market has been struggling in the past months as a result of the financial crisis and the Euro crisis, the banks will likely be dragging it down once again.

Swedish Channel TV 4 in disarray as the company tries to stem losses

Thursday, 21 June 2012
There is an atmosphere of uncertainty in Swedish TV 4 News as the company struggles to cut workforce and perks in order to stem growing looses. But the move by management has ignited bad blood between workers and management.

Swedish companies in collusion course with the Norwegian ski team

Thursday, 21 June 2012
The small Swedish company, Vendolocus Development based in Bromma has gone to war against the Norwegian Ski Federation and the Norwegian Olympic Committee.  This seems to have been driven by rights law vaiolation.

The unlikely support for Norwegian strategy as an unexpected SAS’s growth strategy turns to green light for the Norwegian low cost carrier

Thursday, 21 June 2012
As SAS decides to cut down international routes and limits long hauls, Norwegian. Its Nordic rival which wants to expand into that section just got the green light and sees this as a blessing from SAS.

Statoil has gained 26 licenses in the Gulf of Mexico as it looks to tap into US hail boom

Thursday, 21 June 2012
Statoil has received some 26 licenses in the first licensing round in the central Gulf of Mexico since the blowout on the Deepwater Horizon two years ago. The Norwegian state owned Oil Company is increasingly seeing North America as a strong region to lead its growth in the company decade since the oil and gas sector is currently booming.

Volvocar reconsidering strategic growth moves and cloud over the economy gets darker

Wednesday, 20 June 2012
Uncertainty and reduced sales is forcing Volvo Car Corporation to revise its ambitious development plan of Skr75 billion. The company has realised that its finances are strained, and are thought to need a substantial injection of capital.

The march to dominance in the fashion sector continues for H & M as earnings beat expectations

Wednesday, 20 June 2012
Clothing giant H & M reported a gross profit and gross margin that beats analysts' expectations. Previous adverse effects from the price of cotton have been neutralized, according to H & M.

Alfa Laval wins SEK 120 million energy efficiency order in South Korea

Monday, 18 June 2012
Alfa Laval has received an order to supply of Alfa Laval Packinox heat exchangers from a refinery in South Korea. The order value is about SEK 120 million and delivery is scheduled for 2013.

Intel to invests in Swedish Company

Monday, 18 June 2012
The world's leading processor maker, Intel is investing nearly Skr200 million in FlatFrog Laboratories, a company based in Lund, Sweden which develop pressure-sensitive computer screens, writes various Swedish media sources.

Alecta to tender its entire 9.13 per cent stake in Rhön-Klinikum AG

Monday, 18 June 2012
Alecta has, after in-depth discussions with all parties involved in the transaction, today decided to tender all of its shares in Rhön-Klinikum to Fresenius.

U.K.’s NHS Supply Chain Signs Agreement to Acquire 10 Elekta Linear Accelerator Systems for Cancer Treatment

Monday, 18 June 2012
Advanced Elekta Synergy radiation therapy systems to modernize treatment capabilities in NHS hospitals

Moody's sling Nokia to junk status as the once towering Finnish phone giant becomes an underdog.

Friday, 15 June 2012
The sorry state of Nokia described here in a very interest manner by some funny Finnish commentators or analysts.

Getinge acquires Chinese Acare Medical Science Ltd as a leap into to emerging markets

Friday, 15 June 2012
Today, Getinge signed a binding agreement to acquire all of the shares of Acare Medical Science Ltd, a Chinese company that is primarily geared toward the intermediary segment, mainly hospital beds. The acquisition is in line with Getinge’s expressed strategy to increase its presence in emerging markets and to offer a product range focused on price-sensitive customer segments

H&M Sales improved in the unexpectedly

Friday, 15 June 2012
In May 2012, H&M Group total sales including VAT in local currencies increased by 12 percent compared to the same month the previous year. Sales in comparable units increased by 3 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.

How Volvocar’s profits become a loss

Friday, 15 June 2012
Volvo's profit for 2011 was a loss of Skr7.3 billion - not a profit of Skr1.6 billion as CEO Stefan Jacoby reported in early May.

Rumour that Nokia could be leaving Finland countered by CEO Elop

Thursday, 14 June 2012
There has been persistent rumour that Nokia could be wiped out of Finland. But the company's CEO, Stephen Elop says that most important product development work and headquarters will remain in the country.

Nokia to announce spectacular job cuts in Finland as the company continues to bleed. 3700 in Finland, and 10 000 globally to go

Thursday, 14 June 2012
Mobile phone manufacturer Nokia is cutting 3700 employees in Finland, and 10 000 globally. The factory in Salo closed down, but a part of product development will remain. 850 jobs will disappear from the factory in Salo, the factory in Oulu to remain.

It is officially confirmed that the remnants of Saab automobile has been sold to Nevs

Wednesday, 13 June 2012
The bankruptcy administrators dealing with the distress of Swedish automaker, Saab have confirmed media reports that the National Electric Vehicle Sweden is the company that has bought the remnants of Saab’s bankruptcy estate. The company plans to recruit one hundred employees soon.

World Health organisation shoot Swedish truck maker in the arm - Diesel Causes Cancer

Wednesday, 13 June 2012
Swedish heavy truck and heavy duty vehicles makers such as Volvo and Scania will start having sleepless nights after World Health organisation (WHO) said that exhaust from diesel can cause cancer.

The sale of Saab automobile is ready and buyer will be announce at press conference later

Wednesday, 13 June 2012
Just as we wrote yesterday, it has now been confirmed that Saab automobile that went into bankruptcy has now been purchased.

The people behind the possible purchase of Saab automobile used to be Volvo advisers

Tuesday, 12 June 2012
As the dust of the sale of Saab automobile is gradually settling, those in the fore of the game are beginning to be identified.

The sale of Saab automobile seems fully confirmed but what type of car is the new company, NEVS plans to produce?

Friday, 08 June 2012
More and more evidence suggests that the ultimate purchaser of the bankrupt Saab Automobile is an electric car consortium Nevs, National Electric Sweden AB.

Ikea furniture names in Thailand suffer from missing in translation - some bed name means sex in Thai.

Friday, 08 June 2012
Ikea's Swedish name given to their furniture is causing problems when the furniture giant tries to reach new markets. The missing in translation means that some of the names given make customers in places such as Thailand to misconstrue some of the multiple names as slang for sex.

Hiring cost of medical practitioners in Swedish hospital rise to Skr 339 million

Thursday, 07 June 2012
Swedish Hospital spending last year soared as more and more doctors were hired through temporary agencies. Doctors that are being hired via this medium cost Skr339 million, an increase of 35 percent compared to 2010.

Defence group Saab plans to place a bid on Dutch firm Hitt

Thursday, 07 June 2012
Defence group Saab plans to make a bid for the Dutch company, Hitt, which develop solutions for improved security at airports and marine environments.

The sale of Saab’s automobile could have been completed - National Electric Vehicle Sweden said to be the buyer

Thursday, 07 June 2012
The Swedish automaker, Saab automobile which went bankrupt recently will now be sold as the bankruptcy administrator is reported to have finished their work and come up with the final result.

Insolvencies and bankruptcies in Sweden at a stable level despite persistent economic uncertainty

Tuesday, 05 June 2012
In May 640 companies in Sweden went bust and out of business, an increase of less than one percent compared with July 2011, when 636 companies went bankrupt. This means bankruptcies in the country’s corporate environment remain stable admits growing business uncertainty.

Million Investments in Swedish Tourist sector to make it a cash cow for real

Tuesday, 05 June 2012
Swedish Growth Board wants to make Bohuslän, Kiruna, Stockholm archipelago, Vimmerby and Åre as tourist magnets, according to the Swedish Enterprise Minister Annie Loof and the

Samsung Company buys Swedish Nanoradio Company

Monday, 04 June 2012
Samsung Electronics announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones. Nanoradio is a small company with 60 employees.

Nordea stop speculating on food prices

Monday, 04 June 2012
Speculation on food prices has been criticized by many including the United Nations and it has been determined to be responsible in contributing to price rises in world prices of food.

Volvo Cars continues to perform poorly in the U.S.

Friday, 01 June 2012
Volvo car’s U.S. sales fell in May, compared to last year. 6246 cars were sold, 15.1 percent fewer than in May 2011.

New registrations of passenger cars and lorries in Sweden, May 2012

Friday, 01 June 2012
The number of new cars (first registration) totalled 28 496 in May 2012.

Expensive mortgages should be expected in the nearest future – SEB CEO Annika Falkengren

Thursday, 31 May 2012
The CEO of the Swedish bank, SEB Annika Falkengren wants to heap more pressure on cost to customers in a new move which is being described as the banks shifting cost away as means of expanding their profit line.

Resolution on the Sale of Saab automobile business can take longer

Thursday, 31 May 2012
Any agreement related to how to move foreword with bankrupt Saab Automobile is reported to be delayed, according to sources very close to the dealings.

Moody's downgrades Danish banks – two blows in one day

Wednesday, 30 May 2012
Credit rating agency, Moody's down grades ratings of nine Danish banks, adding more pain to the Danish ailing financial sector.

Danske bank sees it credit rating downgraded

Wednesday, 30 May 2012
Standard & Poor's has lowered the credit rating of Danish banking giant Danske Bank's long-term credit by one level to A- (A minus) from A and the the view of the score has been adjusted upwards from negative to stable.

Mobile broadband boom continues in Sweden – a strong areas of expansion

Tuesday, 29 May 2012
The number of mobile broadband subscriptions in Sweden grew by 2 million in 2011 meaning the sector will only keep on growing

Loreen’s victory in Eurovision song contest is a good thing for Sweden but worrying for Swedish television

Monday, 28 May 2012
The euphoria and wild celebrations in Sweden after the Swedish act,  Loreen, won the Eurovision contest is gradually calming as the population  cheering for Loreens victory cool, Swedish Television has started thinking about the cost of hosting the next show next year.

Strong criticism of Nordea's new savings product – shift risks to customers and other hidden charges

Monday, 28 May 2012
Nordea's bank which saw its credit rating reduced recently has attracted more criticism from Swedish authorities for some of its products directed to small businesses according to various reports.

Fake bills a growing problem in the Swedish micro economy

Monday, 28 May 2012
A very serious problem affecting operators of the Swedish micro system is the persistent harassment by criminals issuing fake bills to people. The fact that there is a small risk of getting caught and low penalties for these fraudsters the crime is getting more serious and the fraudsters are changing location to avoid being detected.

Swedish road a pain for truck drivers

Sunday, 27 May 2012
Many Swedish roads are so bad that professional drivers' health are threatened, a new report in which vibrations are measured on a total of 370 mile road way in several countries, including in northern part of Sweden has been have been carried out.

Saab CEO’s phone tapped amidst intense competition for the sale of jet figters

Friday, 25 May 2012
Defence group Saab’s CEO Håkan Buskhe was watched and his phone tapped in connection with the Saab Gripen deal with Switzerland. Mr. Buskhe told the Swedish newspaper,  Svenska Dagbladet in an interview.

Lower credit rating for major Swedish banks but SEB and Swedbank smiles for now

Friday, 25 May 2012
Scandinavia's largest bank Nordea and Swedish bank, Handelsbanken have their credit ratings lowered by Moody's. On the other hand, Swedbank had to draw a sigh of relief for not being seen and indicted.

Lehman Brothers sues Swedish state-owned company of half a billion

Friday, 25 May 2012
The Swiss branch of the bankrupt Lehman Brothers has sued Swedish state finance company Swedish Export Credit Corporation, SEK, for just over half a billion dollars.

Swedish Banks not very worried that new competitors such as Google and telephone operators are taking a dig in their lucrative sector

Thursday, 24 May 2012
The growing use of mobile phones as credit cards is believed to grow and telephone operators are likely to be increasingly competing with banks in this area. Now Google with its Google Wallet seems to be settling into the market. Swedish banks are either privately worried or mean it when they say they are not worried.

Chinese company, Youngman gives up its quest to buy the bankrupt carcass of Saab automobile

Wednesday, 23 May 2012
The Chinese company, Youngman that have been running after the Swedish automaker, Saab automobile before it even went to bankruptcy is said to no longer be involved in the process to buy the bankrupt company. The negotiations with the administrators have been stopped, said a source involved in the process according to Swedish media reports.

Questions about Skavsta airport’s location? Is it in Stockholm?

Wednesday, 23 May 2012
With 100 kilometres to central Stockholm, one could ask if the name Stockholm Skavsta Airport is among the most deceptive in Europe? The answer is Yes, argues a flight comparison site. But at the counter of the airport the answer is NO.

Facebook’s market capitalisation continued to be challenged by persistent scepticism

Tuesday, 22 May 2012
The social network, Facebook continue to see its stock price continued to fall during Tuesday pre sales. This follows the collapse of 11 percent the day before.

Sweden’s regional Airline, Skyways, give in to bankruptcy

Tuesday, 22 May 2012
The Swedish regional airline Skyways Express, and its subsidiaries City Airline, have suspended payments, as well as forced to cancel all flights with immediate effect. The reason is that the companies could have sought bankruptcy protection during the Tuesday morning.

Scandinavian airline industry in pretty sad situation

Tuesday, 22 May 2012
SAS regrets Skyways bankruptcy and is now working flat out to take care of the approximately 12,000 travellers who booked a flight via SAS. However, SAS can not immediately take over the closed routes.

A last minute new bid for Saab announced – a Chinese company is said to be behind

Tuesday, 22 May 2012
At the very last moment an unknown Chinese car companies has become involved in the battle over the bankrupt estate of Saab Automobile according to fresh reports from Swedish media

Pang Da loses the top spot as Chinese leading auto distributed after spending much time pursuing fruitless Saab automobile.

Thursday, 17 May 2012
Chinese company Pang Da which has been banging on taking over Swedish automobile company Saab, has lost the battle for Saab Automobile and also about Skr400 million that were paid for cars that never came.

Lesson to be learnt when a monopoly selling "basic good" goes down as Systembolaget made Swedish alcohol consumers very angry

Thursday, 17 May 2012
Swedish alcohol monopoly, Systembolaget cause a stir yesterday when several hundred Liquor Stores suffered a computer breakdown at 16:30 o'clock on Wednesday.

Axfood sells Netxtra to MatHem

Wednesday, 16 May 2012
Axfood has signed an agreement with MatHem i Sverige AB on a transfer of Netxtra. MatHem will take over the brand, the customer base, the premises in Bromma and Netxtra’s employees, according to a press release.

Swedbank best in equity derivatives

Wednesday, 16 May 2012
Swedbank is best in Sweden in equity derivatives, according to TNS SIFO Prospera’s first ranking of equity derivatives trading in Sweden. The study, which is based on interviews with 42 institutions, includes 10 Nordic and 12 international brokerages.

Volvo delivers fewer trucks in April

Wednesday, 16 May 2012
Volvo Group's truck operations delivered 18 497 vehicles in April, down 4 percent from the same month last year.

Michael O'Leary, Ryan Air boss sees the possible demise of SAS

Wednesday, 16 May 2012
SAS has emerged again on the tongue of Ryanair boss’s mouth and the same line to attach still maintained – tat SAS will not survive in the nearest future.

Swedish wealth fund, Sjunde AP-fonden buys Facebook Shares

Wednesday, 16 May 2012
Swedish pension fund, Seventh AP Fund has bought into in Facebook, expecting to invest Skr400 million in the social network company when it will begin trading on the Nasdaq exchange in the U.S. at the end of the week.

Swedish game, Minecraft reports sales record of $20 million in a week

Tuesday, 15 May 2012
In less than a week, the Swedish "indie" game Minecraft hit a new record after being released in a special version of Microsoft's Xbox game console.

Swedish worker’s union, IF Metal writes to Obama about Saab

Monday, 14 May 2012
Swedish worker union in mostly the manufacturing sector, IF metal has written to the US president, Obama, pleading with him to pressure General Motors (GM) to release the technology licence for Saab.

Another 400 jobs to go from Astra Zeneca

Monday, 14 May 2012
400 jobs are reported to be lost from pharmaceutical giant Astra Zeneca’s Swedish operation after negotiated between management and the union has now been completed. The largest loss will be seen in Sodertalje.

Growing pressure on Swedish industries as capacity utilisation increased slightly

Monday, 14 May 2012
Capacity utilization in Swedish manufacturing sector rose by 0.7 percent between the fourth quarter 2011 and first quarter of 2012 to 88.4 percent point when adjusted for seasonal variations, official data from Statistics Sweden (SCB) show.

Pirate Bay founders to European Court after Swedish courts refused to reverse conviction

Monday, 14 May 2012
One of the founders of Pirate Bay, Fredrik Neij, was sentenced to ten months imprisonment by the Swedish court of appeal was denied appeal in the Supreme Court. But he has decided to take his case to the EU.

China is investing in Greenland ore mine

Monday, 14 May 2012
Twelve billion dollars, over Skr80 billion, is expected from a British company and China to invest in an iron ore mine in Greenland.


TeliaSonera wants to sell broadband company

Monday, 14 May 2012
TeliaSonera want to do away with its Norwegian broadband operations according to reports on Swedish media, quoting two independent sources.