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Copenhagen brought down by heavy rains

Sunday, 03 July 2011

Copenhagen under water
Copenhagen's motorways and railway lines were bathed in water on Sunday after an intense torrential down pour which has paralyzed the traffic in large parts of the Danish capital. Continue reading

Sweden’s household debt mountain is decreasing faster than expected but there is still demand for it to fall faster and quicker

Saturday, 02 July 2011
debt
The growing Swedish house hold debt is increasing at the lowest rate seen in 12 years, but it must slow down more. Read more


Swedish contingency plan leads to a whole country 3D scan

Saturday, 02 July 2011
3-D-imaging
The whole of Sweden is being scanned in a 3D process that is aimed at giving better dimension and details of the country’s landscape and areas.

Deep water cables will facilitate Swedish

electricity supply to Lithuania

Saturday, 02 July 2011
Despite persistent increase in electricity prices in Sweden, the country is still determined to sell some of its energy abroad to the Balkans.

Danish border control mechanism confirmed

Friday, 01 July 2011
oresund
Öresund bridge linking Denmark and Sweden
The Danish Assembly's Finance Committee today approved a controversial proposal to increase border controls at the border with Germany and Sweden.


Sweden expects interest rates rise to 2 percent

Friday, 01 July 2011


Volvo Cars on its way to record growth while Saab’s bad PR stakes effect on sales

Friday, 01 July 2011

 Saab factor (left) Volvo factory (right) all in Gothenburg, Sweden
Volvo cars sales are better than expected and the Volvo car Corporation is looking at hitting record growth since the Chinese took over.  Read more

Sweden and the rest of Scandinavia has some of the most expensive prices for clothes and energy nut Switzerland is super expensive

Thursday, 30 June 2011

Clothing prices in Sweden are the highest in the EU. Swedish consumers must also pay the most per kilowatt hour for electricity when prices on some basics are compared across various countries and Sweden. continue reading

Swedish house prices start falling

Thursday, 30 June 2011
It is not yet clear if this will be a celebration or fears from sectors of the Swedish economy but what we have been expecting in the Swedish housing sector has started happening. Home prices fell in all three Swedish metropolitan areas in the second quarter and the decline is expected to continue in the third quarter, to a lesser extent than in the second quarter. Continue reading

Calls for the lowering of financial aid to students of the Arts and Humanities

Thursday, 30 June 2011
Just as the UK parliamentarians proposed recently to make students know university courses that are job friendly, in Sweden proposals are being made to cut student finance for students who study subjects in the arts and humanity courses. Read more

How Ford was desperate to offload a great brand, Volvo car corp., sold for Eleven billion.  A gift to the Chinese

Wednesday, 29 June 2011
Volvocars
When the crisis hit, it is not clear whether Ford lost composure or there was something about Sweden that made them wanted to separately offload a great brand and hope out.

400,000 older Danish people have never used the Internet

Wednesday, 29 June 2011
44 percent of 65-89 year olds in Denmark have never used the internet.

Saab Automobile is now paying the salaries of its workers

Wednesday, 29 June 2011

Saab Automobile said on Wednesday afternoon that they have taken a loan of EUR 25 million from the fund Gemini Investment Fund. This money is said to being used to pay its workers who could not be paid at the end of the month.

How the strengthening of the Swedish Krona transformed Sweden and made their street paved with Gold

Wednesday, 29 June 2011

Swedish debt office
When the Swedish economy started gaining strength at the aftermath of the financial crisis, Sweden made some Skr8.1 billion in gains that reduced its nation debt. Continue reading

Nokia to cuts large amount of its workers in its Salo production unit in Finland

Wednesday, 29 June 2011
nokia
According to Finnish national news broadcaster, YLE, they have information that redundancy notices have already been given out at Salo plant of the Finnish mobile phone giant Nokia.

Handouts in Sweden have become less important to families as poverty increase

Wednesday, 29 June 2011
The myth that Sweden was a welfare heaven had died long ago despite the country still keeping the title as a lavish welfare paradise. Poverty in expanding despite the economy making wealth

GM accepts Antonov into Saab’s management. EIB next huddle

Wednesday, 29 June 2011
antonov
Saab's previous owner, American General Motors (GM) has changed and now gives the green light for Russian Vladimir Antonov to become part owner of the car manufacturer, according to reports in Swedish press.


Far fewer foreign students heading for Sweden after tuition fees introduction

Tuesday, 28 June 2011

The number of students from countries outside EU / EEA and Switzerland who began studying at Swedish universities dropped like a bungee jumping.
Swedish universities have thus been forced to make adjustments in the operations. Read more

A shocking rise in child poverty in Denmark mocking the value to the Danish Scandinavian welfare model

Tuesday, 28 June 2011
child-povert-in-Denmark
The number of poor children in Denmark increased between 2002 and 2009 by 51 percent, according to an analysis from the Danish working-class Labour Council (AE). This means that there are currently around 65,000 children in Denmark who grow up in poverty.Continue reading

Where are the most expensive countries in Europe found? Scandinavia

Tuesday, 28 June 2011

Finland so expensive
Recent statistics show that Finland is Europe's fourth most expensive country. It is only Switzerland, Norway and Denmark, where it is more expensive to live.

The Danes are hiding weapons at home in anticipation of burglars that are not there

Tuesday, 28 June 2011
Although Denmark is seen as one of the world's safest countries, the Danes have been found to have bats, knives and pistols beside their easy reach on the nightstand.

Real incomes in Finland fall

Tuesday, 28 June 2011
Finnish consumers' real income is expected to fall this year because of rising prices.


Saab will finally sells property

Tuesday, 28 June 2011

Saab Automobile sells 50.1 percent stake in Saab Automobile Property to a consortium led by Hemfosa Properties. This has been one of the strongest crave of Saab to pursue this move so as to raise badly needed short term cash. Read more


Iceland takes the first giant step towards EU membership

Monday, 27 June 2011
iceland
Reykjavík capital of Iceland
Iceland took Monday a giant and serious step towards EU accession talks. And unlike many other countries wishing to join the EU crowd, the small island community from the outset has taken some important steps towards EU membership. Read more

Swedish Prime Minister,  Reinfeldt would not speculate on a possible Saab bankruptcy

Monday, 27 June 2011

Swedish Prime Minister, Fredrik Reinfeldt stresses that he does not want to speculate anything in relation to a possible bankruptcy of Saab automobile.Read more

Billionaire Russian Investor Antonov still interested in Saab

Monday, 27 June 2011
saab
Saab's employees would have received their pay in the Russian financier Vladimir Antonov, had been accepted as part investor or owner of the company according to Antonov Swedish representative, Lars Carlstrom

Testing the Swedish political feel: The Red-Green opposition bloc heap more pressure on the Swedish ruling Alliance bloc – opinion poll show

Sunday, 26 June 2011
Source: Radio Sweden
The Swedish Social Democrats are gradually winning the hearts for the Swedish voters, in a new opinion poll

Evidence that Sweden is not a great place for economic migrants from developing economies. Remittance extremely low compared to other developed countries: study

Sunday, 26 June 2011

One major factor that pushes people from developing countries to developed ones is the chance to be able to build a life and support families back home where they came from. As such remittance has been seen recently as one way in which immigrants support their families back home but immigrants in Sweden fare badly compared to those in other developed countries as such remittance from Sweden is very low. Read more

Swedish capital Stockholm to become old people’s home as thousands of young people fleeing the city

Sunday, 26 June 2011

Stockholm a place where young professionals can't live in
Stockholm miserable housing market has created a counter reaction among young people. Many of them cannot pay the Stockholm rents as such they are forced to disperse to other parts of the country. What are the effects and consequences?

Poor control of students' residence permits blamed for Sweden’s lax immigration control system 
Saturday, 25 June 2011

Sweden prides itself for being robust in its immigration management but there has emerged evidence that students issued with Swedish student visas disappear in the crowd once here in Sweden. The question being asked by many is “where are all the students?”

Swedish mid summer celebration looked like communion to crime and death

Saturday, 25 June 2011

Swedish midsummer celebration
Midsummer celebrations in Sweden were very messy in some places in the country such that about 6 people have been reported dead.

That Saab's CEO, Muller chasing money in the U.S. – could get support from the Chinese Pang Da

Friday, 24 June 2011

Victor Muller - Saab CEO
Saab's communications director Eric Geers said to Swedish television that the Chairman Victor Muller is in the U.S. to find new financial solutions. There is also indication that Pang Da the Chinese partner could provide support. Continue reading

Criminal aliens to be thrown out of Denmark as from today after Voting on Friday confirms

Friday, 24 June 2011

Danish Integration Minister Soren Pind.
Today Denmark voted through Integration Minister Soren Pind’s bill to send all non-Danish citizens sentenced to prison be deported, no matter how much punishment they have been sentenced to.

Is Sweden getting swamped with criminal gangs? Well, it depends on who one asks.

Friday, 24 June 2011
Compared with other countries, according to internationally comparable data, Sweden continues to remain very peaceful place and hold some of the best qualities of life. That is acceptable on paper but on the ground here, as we go about our businesses in Sweden, it is observed that things are changing and the security situation of the country being eroded. Read more

EU commissioner relies on Danish border policy to reflect EU rules as promised by the Danes

Thursday, 23 June 2011

Denmark is not supposed to have an internal border within the EU given that the EU is supposed to be border free. But Denmark seems to have insisted on a compelling reason (s) as to why it wants the border and now the EU seems to have to dance with it. Read more

Latvia presents itself as Baltic's largest black economy: Swedish study

Thursday, 23 June 2011
Latvian economy is trying to grow but it is pulled back by the past shadowy post communist corrupt business thinking that looks to constrict its economy for the time being. This time the economy has been ranked as the economy in the Baltic with the largest dark economic sector.
Related: Share of shadow economy in Latvian private sector amounted to 38.1% of GDP in 2010 (External link)

Stateless people should be granted path to Danish Citizenship even if they pose a national security danger
Thursday, 23 June 2011
Danish Integration Minister Soeren Pind has asked the parliamentary parties to consider the rights of stateless people to access Danish citizenship.

Saab’s crisis deepens to breaking point. Cannot pay workers’ salaries.

Thursday, 23 June 2011
saab
Saab automobile is tumbling over as its crisis reaches breaking point. Today, the company said that it can not pay salaries to its employees. The company has come out clean to say that it has no money. Continue reading

Drop in Swedish producer and import prices in May

Thursday, 23 June 2011
Swedish import prices fell 1.5 percent and export prices 0.6 percent from April to May...continue reading

Drop in Swedish Household wealth

Thursday, 23 June 2011
Swedish households' financial wealth decreased during the first quarter of 2011 after the peak notation of the previous quarter.


Volvo is planning a multi billion Kronor construction project in Daqing

Thursday, 23 June 2011

Volvo- China
Volvo Cars China plans to roll on in China. The company's second factory in the country in the oil town of Daqing is planned to be finished 2013.

The Swedish government accused of creating inflation and heaping misery on the people

Wednesday, 22 June 2011

Tommy Waidelich and Anders Borg
The Swedish government has been accused by the opposition Social Democrats of driving up inflation. The government argues that their policy is making Sweden to enjoy an impressive growth.  Read on

Sweden shows how to make money from Tourism. Revenue from the sector increased in 2010

Wednesday, 22 June 2011

Sweden made more money from tourism in 2010 that the year before. Evidence from the Swedish Agency for Economic and Regional Growth, or Tillväxtverket show that Sales revenue generated from tourism in Sweden increased by 3.2 percent in 2010 to Skr255 billion. Read more

Record number of Swedish dollar millionaires

Wednesday, 22 June 2011
The number Swedish dollar millionaires rose last year to a record 60,900. Good stock market and increased savings in Sweden, is said to be among the reasons to the explosion of the wealthy Swedes.

Danes getting richer as 44,000 Danes are confirmed dollar millionaires

Wednesday, 22 June 2011
The Danish economy is not so good at this moment but the Danish people seem to be getting richer of maybe the Danish rich are just getting richer while the poor gets poorer.


Sweden will not commit any money

to the Greek bail out: Finance minister

Wednesday, 22 June 2011
The Swedish Finance Minister, Anders Borg, has made it clear that Sweden will not be paying towards the Greek bailout just before he went to the budget debate in parliament on Wednesday Continue reading

Norway allows key interest rates to stay put

Wednesday, 22 June 2011
The Norwegian central bank allows the policy rate to remain unchanged at 2.25 percent, which is in line with analysts' expectations.

Swedish pension fund flourish in world Black listed companies

Wednesday, 22 June 2011
Swedish pension fund managers would do anything for extra returns. As such they have now lost the idea of how to properly run an ethical fund management business. They have turned to the cruellest and easiest option:  investment in unethical companies. Swedish pension funds made of billions of Skr are invested in some 30 companies blacklisted for violating human rights and related. Continue reading

BP doing all to regain public confidence and to pay for disaster: Svanberg

Tuesday, 21 June 2011

Svanberg
BP will set aside some $41billion to act on the aftermath of the oil disaster in the Gulf of Mexico such as cleaning, rehabilitation, fines and compensation claims, said the company's Swedish chairman, Carl-Henric Svanberg. Continue reading..

Arlanda express profits paid to tax haven in Luxembourg

Tuesday, 21 June 2011

Arlanda direct rail transport system, made record profits last year thanks to government subsidies. But the profits did not stay in Sweden. Instead it ended up in ends up in tax haven of Luxembourg. Continue reading

Nokia unveils new smartphone on the MeeGo operating system

Tuesday, 21 June 2011

Nokia N9 - Image Nokia
Nokia has unveiled a new phone using the MeeGo operating system, just a few months before the company hopes to reveal its first Windows-based mobiles.  Read more

Swedish government postpones

nordea

Nordea share Sale

Tuesday, 21 June 2011
The Swedish government is pushing the sale of the rest of its shares in Nordea Bank to the fall if this year.

The Greek crisis and the reality of the EU budget crisis

Monday, 20 June 2011

As the Greek crisis loams, it is not only Greece that have shown deficiency in its public finances and failure to meet EU requirements. Other EU countries are also struggling to meet their own financial obligations.Continue reading

Careers in university loosing popularities as more researchers threaten to quit university careers.

Monday, 20 June 2011

University education has been the talks for many years as the route to a better career and pride in various fields when one study to higher heights. But thing are changing these and to be fair according to sampled opinion from different countries in the Europe, interest in university education and careers is dying. Continue reading

Alienation Sweden: How police in a Swedish city design patrols based on cultural and ethnic origins

Monday, 20 June 2011
Local police in Huddinge sent out an email to residents, engaged in the project, neighbourhood warning them of people of certain nationalities as leading criminals. Swedish Parliamentary Ombudsman  is being referred the matter.

Shortage of Pharmacists constrict the growth of the sector in Sweden

Monday, 20 June 2011

The Swedish pharmacy industry can not keep up with the opening of new pharmacies in the rate at which the companies themselves want. The market is increasing at such a pace that companies find it difficult to get hold of skills. Continue reading

Waterfalls accused of being Europe's worst nuclear power companies

Sunday, 19 June 2011
Vattenfall
Sunsetting in Vattenfall
Vattenfall is Europe's worst nuclear power companies when it comes to efficient utilisation of reactors to produce maximum amount of energy. Read more

The Swedish government is being constricted by the opposition. The question is how long can it continue this way?

Sunday, 19 June 2011
The Swedish government's setback in parliament at the enjoyment of the opposition is now reaching a point of utter hardship for the government.

Russian Nuclear reactors shown major security flaws - Very dangerous

Sunday, 19 June 2011

Location of the nuclear Russian nuclear plants
Sweden and Norway have been alarmed by findings which show that Russian nuclear reactors are extremely dangerous and can pose serious security risk should any of them are affected by a type of disaster. Continue reading

Party leader and industry minister, Olofsson will resign from party leadership but wants to remain as minister or start own business

Saturday, 18 June 2011

Maud Olofsson, has had enough of criticisms and whining in her party about her and her performance as such decided to resign as leader of the Centre Party. But she wants to remain in the government as a minister, or in a worse case scenario, she wants to start her own business.Read more

Danish Border controls forge ahead and will be in place next week

Saturday, 18 June 2011

Despite intense criticism, the Danes are determined to implement border controls next week as planned. This follows the June 24 agreement between the Danish government and immigration sensitive party, the Danish People’s party. Read more

“New immigrant mothers should be given shorted parental leave” Maud Olofsson

Saturday, 18 June 2011
newmothersollufsson
Longer parental insurance prevents immigrant women from entering the Swedish labour market. Therefore it should be that women living in Sweden with an immigrant background should receive shorter parental leave. Read more

Indigenous delegates denied visas to Sweden because they are too poor and can disappear in the crowd

Saturday, 18 June 2011

Indigenous people meeting in Sweden. Image radio Sweden
Several people who would have participated in a international Folks Conference or Conference of Indigenous people in Jokkmokk in Sweden have been denied visa to Sweden on the grounds that they are too poor and that they will disappear in the crowd while here in Sweden. Continue reading

New government in Finland becoming a reality

Saturday, 18 June 2011
Finnish-new-pm
Katainen: Finland's new Prime Minister. Image: Yle Finland
After two months of no activity, Finland has a new coalition government with National Coalition Party Chair Jyrki Katainen at its head. Continue reading

Swedish schools still classified below the OECD average especially for the disadvanschooltaged in society

Saturday, 18 June 2011
Sometimes some types of low grade news come out of Sweden that one wonders ‘why this country always compare better than others when foundation tools such as education are always classed poorer and poorer every day.Read more

The Swedish economic growth brings in worrying currency pain as the Krona remain troublingly strong

Saturday, 18 June 2011
The Swedish krona which has strengthened as a result of the buoyant Swedish economic growth is looking lie a thorn in the flesh of the Swedish producers at the moment. The reason is that it seems to be hurting the Swedish exports as their products become more expensive abroad. Continue reading

Saab worker to get vacation immediately production starts even though they have not been working

Sunday, 03 July 2011
saab

Volvo Cars sales in North America increase sharply especially in the U.S.

Saturday, 02 July 2011
volvocars
Volvo Cars is doing well and is gradually cracking the American market after it was dumped by Ford.

Russian billionaire Antonov want to cut Saab’s ties with the EIB

Saturday, 02 July 2011
antonov
The Russian financier Vladimir Antonov wants Saab to cut ties with the European Investment Bank (EIB).

Swedish Shipping companies opting for arms against pirates

Friday, 01 July 2011
In April the Swedish government launched a rapid investigation, to find out if the Swedish ships should use armed guards to protect themselves against pirates.

Defence group Saab has received one billion orders


Danish Windmill Company, Vestas enters into a gigantic contract with the French


Aspiro employees redeem stock options


Vattenfall sells district heating projects


Electrolux: Jack Truong appointed Head of Major Appliances North America


Hemsö purchases property for Skr 180 million
Friday, 01 July 2011

Borg and McEnroe take their rivalry to the next level

Friday, 01 July 2011

Swedish financial institutions accused in Norway of short selling. Matter referred to the Norwegian financial supervisory authority
Thursday, 30 June 2011
Norway's financial supervisory authority, Finanstilsynet, has made a complaints against Swedish bank, Handelsbanken and several financial firms for breaching rules on short selling of securities.

Antonov write a personal letter to Swedish industry minister, Olofsson

Thursday, 30 June 2011
The Russian financier, Vladimir Antonov, who wants to become part owner of Saab, is appealing in a personal letter to Maud Olofsson, Swedish minister of industries to do all she can to save Saab from collapse.

Astra Zeneca to stops program where doctors are invited for trips
Thursday, 30 June 2011
The move where Pharmaceutical giant for years have been inviting doctors to travel to conferences around the world will be stopped.

Three percent of Swedes have web surfing Tablet

Wednesday, 29 June 2011
Three percent of Swedes now owns an Iphone or a different type of internet surf board.

Securitas extends bid for Niscayah

Wednesday, 29 June 2011
Swedish security giant, Securitas extends its offer for the industry colleague Niscayah until 12 August.

SCA hygiene shops in Turkey

Wednesday, 29 June 2011
Forest Group SCA buys 50 percent of Komili, which is the fourth largest producer of baby diapers and feminine hygiene products in Turkey.

New Norwegian oil discovery in North Sea

Tuesday, 28 June 2011
The Norwegian oil and gas group Statoil has discovered oil and is known as condensate, light crude oil in the North Sea.

Danish Doctors are not allowed to accept gifts from the pharmaceutical industry

Monday, 27 June 2011
A new ethical code of conduct for Danish Doctors forbids physicians to receive any gifts from consultants from the pharmaceutical industry.

ARTIMPLANT appoints new CEO

Tuesday, 28 June 2011
Kjell Thörnbring has been appointed to the new CEO of Artimplant AB. He has been acting CEO since May 4 and he has at the same time maintained the position of CFO.

Changes to legal structure and reduced capital in Swedbank AS

Tuesday, 28 June 2011
Swedbank AB has decided to undertake changes to its legal structure in reference to the bank’s three Baltic subsidiaries and make these directly owned by Swedbank AB.

Finnish Nokia no longer on top FT 100 companies. Previously weaker opponent have zoomed passed Nokia

Monday, 27 June 2011
Nokia's position in the Financial Times list of big companies have fallen dramatically over the past year.

Danish Shipping giant Maersk to buy more giant ships

Monday, 27 June 2011
Danish AP Moller-Maersk will buys ten additional ships of the world's largest container ships from South Korean Daewoo Shipbuilding & Marine Engineering.

Electrolux wants to discuss Daewoo purchase

Monday, 27 June 2011
The Swedish appliance manufacturer Electrolux has agreed to begin negotiations with South Korean Daewoo Electronics' creditors on a takeover of Daewoo.

Nokia, Siemens fail to secure investors: WSJ

Sunday, 26 June 2011
(Reuters) - Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture, The Wall Street Journal reported on Sunday.

Swedish Tax authority warns of fake SMS

Sunday, 26 June 2011
The Swedish tax authority has warned on its website of a fake SMS that alert people about income tax.

Swedish nuclear power station, Oskarshamn cleared of any safety risks

Saturday, 25 June 2011

Oskarshamn nuclear power plant
The international energy watchdog, IAEA now believes that the Swedish nuclear power plant, the Oskarshamn nuclear power plant is now safe of risks previously identified back in 2006.

IF Metall calls on the Swedish government to let in Antonov as partner in Saab

Friday, 24 June 2011
SAAB
After yesterday's problems with missing wages payments to Saab’s worker, the Union of the workers of the automotive sector, IF Metall is now calling on the Swedish government to do all it can to allow the Russian financier Vladimir Antonov to be part of the Saab’s organisation.

EQT V sells Securitas Direct to Bain Capital and Hellman & Friedman

Friday, 24 June 2011
EQT V has agreed to sell Securitas Direct to private equity funds

Scania launches operations in Japan

Friday, 24 June 2011
Truck manufacturer Scania has created a sales and service companies in Japan, according to a press release.

Gambling advertising on Swedish presses allowed

Wednesday, 22 June 2011
Swedish newspapers can continue publishing advertisements for foreign gambling companies.

Impressive sales a boost for H & M despite a picky market

Wednesday, 22 June 2011
Hennes & Mauritz reported a profit before tax of Skr 5752 million for the split fiscal second quarter against Skr7040million in the past similar period last year.

Stena Ferry to be run by wind power and to cut fuel consumption

Tuesday, 21 June 2011
Stena Line has equipped its ferry Stena Jutlandica with two wind turbines in the bow.

Saab supplier forced to reconstruction

Tuesday, 21 June 2011
Saab automobile’s inability to pay its debts has made situations impossible for a supplier.

A positive position for Saab automobile as IAC finds Saab’s proposal acceptable

Tuesday, 21 June 2011
One of Saab’s proposals to provide a 10 percent payment to its suppliers so that supplies could flow and production resumes has been positively received by IAC, one of Saab's many suppliers.

Norwegian expands aircraft orders

Tuesday, 21 June 2011
Norwegian budget airliner, Norwegian, orders 15 more planes from Boeing, the 737-800 model.

SAS to modernise fleet and places order for 30 Airbus planes.

Monday, 20 June 2011
sas
SAS on Monday ordered 30 planes from European aircraft manufacturer, Airbus...

ABB builds in Algeria

Monday, 20 June 2011
Power and automation technology group ABB has won an order worth Skr269.2 million from Algeria's leading energy company Sonelgaz.

Private donor pours Skr70 million to Swedish Technology University

Monday, 20 June 2011
Royal Institute of Technology (KTH) in Stockholm has received a donation of Skr70 million from a private couple.

Saab automobile’s factory sale moving up the right direction as expected

Monday, 20 June 2011
saab
A new buyer has emerged for the Saab automobile’s factory and  ready to pay more than Skr 290 million for the Saab factory in Trollhattan.

Impressive production performance for Volvo trucks and its collaborators

Saturday, 18 June 2011
Volvo Trucks' deliveries increased by 74 percent to 10,228 vehicles in May compared to the same month last year. The increase included all major markets.

European car sales growing upward and Swedish cars makers enjoying some market gains

Saturday, 18 June 2011
New car registrations in Europe rose by 7.1 percent in May, compared with 2010 latest figures from the European motor trade association, ACEA shows.

Wednesday, 15 June 2011

LinkedIn opens an office in Stockholm


  front-page

Train cancellations due to lack of train drivers hit western Sweden. Traveller warned to be cautions about journey plans

Sunday, 03 July 2011

Nearly 70 regional and commuter trains in western Sweden were forced to be cancelled making commuters to remain stranded over the weekend.

Painfully hard to get a jobs in Denmark these days

Saturday, 02 July 2011
Economically, not very great news comes out of Denmark these days. The little stubborn Scandinavian economy used to boast of unemployment of 2 to 3 percent and trucks and trains load of Swedish workers used to be ferried over the Öresund Bridge to work in Denmark. These days, things have changed.

Swedes are not good starting new businesses – contrary to previous perception

Thursday, 30 June 2011
It was at first thought that Swedes were great at starting their own businesses and very dynamic in entrepreneurial related activities. But it turns out that starting a business is not a thing for the Swedes.

Swedish supermarket giants stop the sale of sprouts after EHEC-type bacteria scare

Wednesday, 29 June 2011
After yesterday's discovery of the severe EHEC type in Sweden, the big food giants Ica, Coop and Axfoord taken the decision to withdraw sprouts and completely stop selling.

More jobs created in Sweden in the coming months

Wednesday, 29 June 2011
There’ll come a time when almost all in Sweden will have a job and the government will be making lots of money from taxes and reduced spending in unemployment benefits. This is a dream but also might be an expectation.

Veolia takes over Swedish side of Øresund Traffic

Tuesday, 28 June 2011

Veolia Transport
Veolia Transport is reported to gradually taking over Öresund traffic on the Swedish side in the autumn. The solution is made public according to a press release. Trains train will continue as usual in southern Sweden and over the Oresund Bridge.

Surprise fall in Swedish Retail trade in May

Tuesday, 28 June 2011
Swedish retail trade sales volume decreased by 1.1 percent in May compared to the same month last year.

Ailing Danish rail company DSBFirst had very rotten accounting results – now wants to blame Swedish side for Losses

Monday, 27 June 2011

DSBFirst presents the worst accounting for the Danish state railways history. DSBFirst Denmark A / S, DSBFirst Sweden AB and DSBFirst Väst AB had a total deficit of almost Dkr582 million in 2010.

Sweden continues to enjoy higher trade surplus

Monday, 27 June 2011
Swedish foreign trade resulted in a May surplus of Skr5.7 billion, according to figures from Statistics Sweden (SCB).

Swedish black market puts the tax man in Billions of losses

Monday, 27 June 2011
Every year Skr20 billion is lost in taxes collection particularly in general trade, restaurant industry and other industries where the payment is made by card or cash, according to a report from the Swedish Tax authority.

New bank failures on the way In Denmark

Saturday, 25 June 2011
Danish farmers are drawing their banks down as it now emerged that more Danes should be prepared for a large number of banks failing in the future.

Weak boat sales in Sweden this year as strong economy diverts

peoples' attention to other things

Saturday, 25 June 2011
Boating is the anticipated activity of the Swedes when summer starts creeping in. But this year is deviating from the traditional trend as boat sales are down

Swedish used luxury car market smeared with Scrap Cars sold as luxury cars

Thursday, 23 June 2011

Stockholm police have revealed an extensive organized trading in cars in which cars which look like luxury cars are sold clean and nice. But behind the cars is in fact scrap vehicles from the U.S. that have been repaired with stolen car parts.

Energy giant Vattenfall loses Skr10 billion blamed on German decommissioning
Wednesday, 22 June 2011
Vattenfall's operating profit for the second quarter will be loaded with more than ten billion looses incurred in the Germany nuclear plants closure.

Most student take on doctoral studies within technology, engineering and medicine in Swedish universities

Thursday, 23 June 2011
universityIn 2010 about 3 500 persons began doctoral studies in various Swedish schools. The largest subject areas for doctoral studies by far are within technology and medicine.

Canadian teachers want to buy Copenhagen Airport

Wednesday, 22 June 2011
The major shareholder of the Copenhagen Airports (CPH), the Australian Macquarie Capital Funds, is considering getting rid of the bulk of his shares in the company.

Something happened to the Stockholm stock Exchange – what is it that made the market traded at a rare positive territory.

Tuesday, 21 June 2011
stockholm-market
The Nordic stock markets were up on Tuesday just like in Stockholm and the rest of Europe. Particularly in Stockholm we are seeking to know why such a phenomenon created such a big change in the day. Continue reading

Rise in the sales of strong alcoholic beers in Sweden

Tuesday, 21 June 2011
The sale of strong beer, that those with an alcoholic content of more than 6 percent, increased by 131 percent in May, according to the Swedish Brewers.

MTG prolongs exclusive broadcasting rights to UEFA Champions League football in Scandinavia

Tuesday, 21 June 2011
MTG AB today announced that it has prolonged its exclusive live broadcasting rights to UEFA Champions League football in Sweden, Norway and Denmark, until the end of the 2014/2015 championship in the Spring of 2015.

Ryanair to help COMAC in aircraft development

Tuesday, 21 June 2011
The Irish airline Ryanair announced on Tuesday that it will help the aircraft manufacturer, Commercial Aircraft Corporation of China (COMAC) to develop the new commercial aircraft type C, 919.

Swedish Pension Fund invested in Greek government securities

Monday, 20 June 2011

Greek crisis
Swedish pension fund, AP Fund invested in Greek government bonds worth €308 million which equates to about Skr2.8 billion. Now there is tension for fear that there may be wild scale looses.

Sensitive Stockholm stock exchange continues to fall as the Greek crisis rumbles

Monday, 20 June 2011
Start of the week’s trading on the Stockholm Stock Exchange began with falls. After an hour's trading, the Stockholm Stock Exchange's general index has already fallen by 1.4 percent mainly due to developments in Greece. The stock market had been performing badly anyway.

More tourists and visitors head to Finland this year

Monday, 20 June 2011
Finland is again attracting more visitors. with Russians topping the list of visitors.

Sweden will not provide any type of financial support to train opeartor DSBFirst.

Saturday, 18 June 2011
Sweden has not thought of conceiving any plans what so ever to support troubled rail operator DSBFirst in a form of an economic rescue package.Sweden prefer instead that it should fail if it can't meet operations requirements..more

Wednesday, 15 June 2011

Swedish house prices have started falling but some sectors still hold sort of...





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