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Bright lights in the Swedish industry as PMI index shift to growth zone
Wednesday, 01 February 2012
The Swedish industrial sector is looking to start expanding again as in the PMI leaped to 50.4 points.
Higher oil prices hitting Swedish households Monday, 30 January 2012
The price of petrol can run up to Skr20 per litre and could even go up more due to the boycott of Iranian oil which could lead leads to a global crisis, according to Swedish experts. But even small increases will be felt in the household economies.
SEB: Swedish household borrowing continues to grow pretty fast
Friday, 27 January 2012
Swedes household loan mountain continues to grow at an increasingly slower pace.
Invoking spirits to help turn price decline to prices will rise in the Swedish housing market
Wednesday, 25 January 2012
The perpetual fall in prices of Swedish real estates has to come to an end and these declines must now turn to a rise. This is the believe of Swedish real estate brokers, assessed by SBAB in its Brokerage Survey.
Algae, next provider of Sustainable fuel? Really?
Friday, 20 January 2012Algae can become a new source of renewable fuels and chemicals. Scientists have been able to develop bacteria that can turn the sugar in brown algae into ethanol.
Growth in joblessness in Sweden in December
Tuesday, 17 January 2012
The Swedish unemployment rate was 4.7 percent of the country’s workforce in December, compared with 4.4 percent the previous month. In December 2010, unemployment was 4.7 percent.
Swedish consumers buy less but more expensive alcohol
Wednesday, 11 January 2012
Swedish alcohol retail monopoly, Systembolaget, sold nearly 46 million litres of alcohol in 2011. That is a slight decrease from the previous year, but still, Systembolaget’s sales revenue increased according to reports from Radio sweden.
Danish house market at record poor state such that it begins to pain
Saturday, 07 January 2012
The Danish housing market has reached a very painfully poor state that all indications show the situation getting worse or not...
Norwegian gas takes shortcuts to Asia
Saturday, 07 January 2012
Russia has for the first time given the green light for a Norwegian gas tankers to take the shortcut over the Northeast Passage to Asia.
Euro fell against the Dollar
Friday, 06 January 2012The euro's value has fallen to the lowest in almost a year and a half. On Thursday, the fall corresponds to €1 to $ 1.2789.
Swedish PMI for services leapt to 50.9 in December
Wednesday, 04 January 2012
The Swedish purchasers managers index (PMI) for the services sector leapt in December signalling some amount of recovery in economic activity in the sector.Oil prices climb as the Iranian attitude became a growing course for concerns
Tuesday, 03 January 2012
Oil prices climbed upward for the second consecutive day due to the escalating tone between Iran and the U.S..
Nordic bourses start the year 2012 in the positive territory
Monday, 02 January 2012NASDAQ OMX Nordic 40
Inter-day trade
The Nordic stock exchange indices ticked to the positive side of the market indications, joining Europe which also became also more positive in a gloomy climate on Monday.
Swedish Purchasing Managers Index PMI rose to 48.9 in December more expected
Monday, 02 January 2012
Swedish Purchasing Managers Index, (PMI) which reflects economic activity in industry, rose in December to 48.9, compared with 47.6 months before.Swedish State subsidies for biogas production Wednesday, 28 December 2011
The new biogas plant in Marieholm in Gothenburg, Sweden has been made possible via a government grant of Skr2.2 million.
Every fourth Danish construction company threatened with Bankruptcy
Wednesday, 28 December 2011Every fourth of Danish Construction Company is threatened to run aground something the government is called to take seriously.
Environmentally friendly Sweden's Green house emissions has been increasing sharply
Monday, 19 December 2011
Swedish emissions of greenhouse gases increased sharply in 2010, more than the year before by eleven percent.
Norway would like to lend more money to the IMF
Wednesday, 01 February 2012
The Norwegian government wants to lend more money to the International Monetary Fund, in addition to Nkr55 billion previously borrowed out to the organisation.
India rejects Swedish Jas Gripen fighter jets for French Dassault Rafale
Tuesday, 31 January 2012French Dassault Rafale fighter aircraft beats Saab’s Jas Gripen jet fighter in India as the government there decided finally on which fighter jet to choose in beefing up their air defences.
Sweden ‘defacto’ accepts to work for the Euro finance pact
Tuesday, 31 January 2012
Sweden is accepting to fully join the euro countries' fiscal pact according to the Prime Minister, Fredrik Reinfeldt, whose request for Swedish influence in the whole process was being considered at the Euro summit.
Large surplus in the Swedish government budget 2011
Tuesday, 31 January 2012
The surplus in the Swedish state budget for 2011 was Skr67.8 billion. It is Skr69.8 billion higher than 2010, which ended with a deficit.Swedish police will be allowed to use tear gas more often as the society get more violent
Sunday, 29 January 2012
From February 1 the rules on how the Swedish police use tear gas and pepper spray will changed. The rules for pepper spray, tear gas in the past was tightened but now it may relaxed to be used outdoors.
How growing racism make Finland known as a racist country and an almost no-go-country for some races
Sunday, 29 January 2012
Finland's reputation abroad is being strained as a result of growing racism acknowledged the Finish newspaper, Helsingin Sanomat.
Examining the Swedish political situation: New Opinion poll Low for the Social
Democrats
Sunday, 29 January 2012The Social Democrats just changed their leader last week et the effects is not yet being felt as later opinion poll show the party in another historic low
A review of Sweden’s over-taxation: Majority want to scrap the VAT tax rule
Sunday, 29 January 2012
The four Swedish opposition parties want to tear up the ruling Alliance coalition’s tax reform from 2009 which requires that that a single client will satisfy VAT tax, according to radio Sweden.Suspected financial misappropriation in communal energy company, Gothenburg Energy
Sunday, 29 January 2012
A suspected misappropriation has erupted in Göteborg Energi in Gothenburg and the police has bee reportedly called in, reports Swedish daily, Goteborg Posten.
Men with low fertility have less risk of cancer – Swedish research show
Friday, 27 January 2012
Men with reduced fertility have a significantly lower risk of developing prostate cancer than other men, according to a new Swedish study.
Swedish military secretes to be sold out to a secret bidder. The government alarmed
Thursday, 26 January 2012
German group ThyssenKrupp Marine is about to sell out the Swedish defence secrets. They want to off load composite production workshop and composite technology in Kockums to a mysterious newly formed Swedish company Swedish defence, FMV will stop the deal.
Embattled Social Democrats finally got some people who could say “yes” – at last as Löfven and Österberg will lead the Social Democrats
Thursday, 26 January 2012
Stefan Löfven and Osterberg, the duo who will lead the Social
After a barriage of “NOs” to the leadership question of the Swedish Social Democrats party, Stefan Löfven and Sven-Erik Österberg have accepted to become the Social Democrats new management duo reports Swedish television.
Dichotomy in the Swedish micro economy: Industries depressed - households happier
Thursday, 26 January 2012
The Swedish industrial sector continues to be depressed whereas households have become less pessimistic, according to a new business tendency survey.Billionaire Soros gives Sweden a very high score in their handling of the economic
crisis
Thursday, 26 January 2012
US Billionaire George Soros praises the Swedish model of handling the financial crisis reports Swedish business daily Dagens Industri.
New job for Maud Olofsson
Wednesday, 25 January 2012
Former Swedish Centre Party leader, Maud Olofsson has been appointed chairman of one of four subgroups of the U.S. Secretary of State, Hillary Clinton's team of female entrepreneurship and leadership.Former Swedish opposition party leader nominated for top UN job
Tuesday, 24 January 2012
The Swedish government has nominates former Social Democrat party leader, Mona Sahlin as a candidate for the post of Director General of the International Labour Organisation (ILO) in Geneva.Higher earning in Stockholm than in New York, Paris and London
Tuesday, 24 January 2012
Professionals in Stockholm, the Swedish capital earn more money than their counterparts in the New York, USA, Paris France and even Londoners, according to a new study.Euro crisis start biting Sweden hard as GDP destined to fall flat
Tuesday, 24 January 2012Swedish GDP fell last quarter of last year and a further decline is expected in the first quarter of this year, according to an assessment made by Swedbank.
Brighter future for embattled Swedish Social Democrats party when Margot Wallström is open for the leadership job? No!
Tuesday, 24 January 2012
Swedish Social Democrats Party could breathe a sign of relief if what is seen as a sign of acceptance for the top leadership opposition of the party by some of its heavy hitters, Margot Wallström is confirmed.
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Crisis in the Swedish Social Democrat Party – the search for Juholt successor more difficult than thought
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The resistance of Juholt gave way today as he resigned
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Social Democrats decide to keep their man Juholt as head
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It is surprising how one man can take such pressure and continue standing - Many districts now asking for Juholt to leave his leadership position
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The Social Democrats grapple with growing weakness in its support, continue to interrogate its leader
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Sole searching in the Social Democrats party as the leader, Juholt is put on the hot seat
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Black Finnish rappers in the spotlight resisting the violent growing racial slurs in the country
The effects of alcohol of pregnancy: Small amounts of alcohol can kill foetuses
Monday, 23 January 2012Even a small amount of alcohol can trigger a miscarriage, according to a Danish study.
Bloody nose for True Finns leader in Finnish presidential election first round as favourite, Niinistö leads to the second round
Sunday, 22 January 2012
Sauli Niinistö leads first round of votingWhen nearly 99 percent of the votes in the Finnish presidential election was counted later last night, it is clear that the pre-tipped Niinistö from the National Coalition Party has had nearly 37 percent of the votes cast.
Weapons seizures in Sweden increased dramatically as authorities step up controls following spat of shootings in Malmö
Sunday, 22 January 2012
The number of seizures of illegal weapons in Sweden has increased dramatically in recent year as and intensity of spat of shootings in Malmö, Southern Sweden was blamed on loose illegal weapon ownership.Danish students must be out in the world if Denmark is to be a true international player
Sunday, 22 January 2012All Danish college students should take a period abroad for Denmark to survive in global competition.
Sweden and Scandinavian countries lead global creativity Index
Wednesday, 18 January 2012Sweden tops the list of countries that are classed to be most creative in the world, flowed by the other Scandinavian countries that also crowd the top position.
Swedish Premier Reinfeldt looks at the long term effect of the Euro crisis on Sweden as he clashed in the
parliament with the opposition
Wednesday, 18 January 2012Europe is in a simultaneous financial crisis, debt crisis and the crisis of confidence which will also affect the Swedish economy for many years.
Military hardware manufacturer, Hagglunds wins one billion orders from the Swedish defence
Tuesday, 17 January 2012
Swedish defence buys new tracked vehicles from military hard ware producer Hägglunds in Örnsköldsvik.Swedish Social Democrats against Sweden support for the euro pact – Strategic or playing politics?
Tuesday, 17 January 2012The Swedish opposition party, the Social Democratic have put their feet firm on the ground and maintained their stance on rejecting the proposal for Sweden supporting the euro pact.
Sweden maintains its position as a leading exporter of arms and military hardware in the world
Monday, 16 January 2012
Sweden is among the countries that export significant amounts of weapons and armaments to places around the world.Denmark among the 12 countries with the best credit ratings as Finland hit by Euro crisis but still leans on AAA
Monday, 16 January 2012
Only 12 countries receive the coveted AAA-rating by rating agencies, and Denmark is one of them. All Scandinavian countries except Iceland have the envious AAA rating.
Finland’s struggle with the Euro continues as more calls for the resurrection of the
Finnish Mark becomes louder
Monday, 16 January 2012The Finnish presidential election edge closer, concerns about the Euro single currency has now been raised again. The call is that Finland should abandon the euro.
Swedes paints a gloomy outlook for their economy.
Monday, 16 January 2012Although their economy s not among those which has a credit downgrade recently, the Swedes are beginning to have a bleak view of their economy over the next year, according to a new study by the Swedish organisation, Svenskt Kvalitetsindex (Swedish Quality Index) (SKI) in a recent surveyDemonstrations across sweden against Carl Bildt
Sunday, 15 January 2012On Saturday, there were several demonstrations against Swedish Foreign Minister, Carl Bildt for his involvement with swedes jails in Ethiopia and his rule in the oil company Lundin Petrolume.
Finnish people hold the most shares among people of the Nordic region but Swedish company tops Euro power punch
Friday, 13 January 2012
Finnish private investors have the biggest stock portfolios in the Nordic countries, according to online investment portal Nordnet. At the same time, Swedish companies lead the classification of companies with the most valuable shares.How the Danish leading sector, Agriculture, is loosing competitiveness
Friday, 13 January 2012
The Danish agricultural productivity and competitiveness has deteriorated sharply over the past decade according to a new report.
Finland’s presidential candidates talk discrimination as never before
Friday, 13 January 2012As the Finnish presidential candidates debated in front of a youthful audience on Thursday night, high on the agenda were issues surrounding racism, internationalism and discrimination.
The Swedish Government to review loopholes in the country's corporate tax law
Thursday, 12 January 2012The Swedish government is self-critical after it was revealed that big corporations through a loophole in the law could ferry away large sums in taxes.
Danish banking sector needs more capital – a new banks’ stress test show
Wednesday, 11 January 2012Denmark's central bank sees the need for more capital in a Danish bank, according to new stress tests.
The two Swedish journalists held in Ethiopia are applying for clemency
Wednesday, 11 January 2012
The two Swedish journalists convicted for supporting terrorism in Ethiopia intends to apply for amnesty and will not appeal against their sentences.
What generous benefits in Sweden? More are homeless as the Swedish welfare system gradually falls.
Tuesday, 10 January 2012
Today, 34,000 people in Sweden are homeless according to data from the Swedish Board for health and welfare in a survey. This is an increase from last survey made in 2005.
Low order for the Swedish industrial sector signs growing pain in the sector and the economy
Tuesday, 10 January 2012
New orders for Swedish industry decreased by 4.8 percent in seasonally adjusted figures in November compared to October.
Swedish government made a surplus of Skr68 billion in 2011
Tuesday, 10 January 2012
Swedish Central government payments gave a surplus of Skr68 billion in 2011, according to figures from the Swedish National Debt Office.Air travellers with Norwegian airline, Norwegian had to pay twice.
Monday, 09 January 2012
Between 3000 and 3500 customers who have booked flights with Norwegian the Norwegian budget airline, at the end of last week have been paying too much for their tickets, according to reports.
Sweden received fewer refugees but immigration from Europe increased
Sunday, 08 January 2012
Immigration to Sweden is still at a high level. But the number of refugees has halved in recent years - instead it's citizens, mainly from Poland and Romania, which accounts for the largest increase, according to new statistics.Workers Union in the Saab Factor Unions want to replace the Saab bankruptcy management team
Sunday, 08 January 2012The workers’ Unions of the Saab automobile factory are worried about the actions of those managing the company’s bankruptcy proceedings.
Consultants in the Swedish Automotive sector accused of receiving their pay in the black market. Swedish Tax office request high tax payback
Saturday, 07 January 2012
Some of the salary of the consultant in the Swedish automotive sector are said to be okay and normal with the tax system but that some, a big chuck, rests in the black economy which is later ferried to tax havens such as the English Channel Island.Scandal in Swedish military: Providing “Slave Contracts” to its personnel
in Afghanistan Saturday, 07 January 2012Kitchen staff at the Swedish military base in Afghanistan have been reportedly employed in slave-like contracts, according to Swedish television news program Rapport.
Living in New York better that in Stockholm according to a new Swedish political party
Saturday, 07 January 2012
The Swedish opposition party, the Left Party has a new leader. He is called Jonas Sjöstedt and he started his new position with strong words when he said that “it is a punishment to live in Stockholm.”
Danish Economi
sts fear more banks may go down in 2012
Friday, 06 January 2012
Danish economist fear that it is far from over with bank failures or forced mergers in the Danish banking world.
Norwegian mass Murderer made Phone calls before the massacre in Norway
Friday, 06 January 2012
The Norwegian government received a threatening phone calls a few months before Anders Behring Breivik massacres and bombings. The evidence suggests that it came from Breivik yourself.
Missile vessel, Thor Liberty leaves Finland
Friday, 06 January 2012Denmark spent Dkr324 million on the Libyan crisis
Thursday, 05 January 2012British black MP called to resign after using the British colonial theme on “white people”
Thursday, 05 January 2012Penny wise, Pound foolish. How Swedish customs focus less on illegal weapons crossing the border
Thursday, 05 January 2012
Öresund Bridge opened again for traffic as wind speed dies down
Thursday, 05 January 2012Turkish Brightwell Holdings interested in Saab, wants to buy the entire company
Thursday, 05 January 2012Pressure to reduce independent schools ownership by Private equity firms in
Sweden
Wednesday, 04 January 2012Millions of dead sardines on a beach in
Norway
Tuesday, 03 January 2012How the Swedish biggest labour Union is gradually dyeing as it fails to innovate
Tuesday, 03 January 2012Doing business in Sweden? Be aware fake bills as such bills have increased sharply in recent times
Tuesday, 03 January 2012Swedish bonds hot top ranking in 2011 as the economy gives investors confidence
Monday, 02 January 2012Swedish big companies did good business during the crisis years as the value of mergers and acquisitions increased
Monday, 02 January 2012Interest rate cuts by Swedish banks at the close of the year was instead an increasw
Sweden again in the centre of a new IT boom As Money Rain on Swedish Internet companies
Wednesday, 01 February 2012
Swedish Internet entrepreneurs have received over Skr1.6 billion from international investors on a quarterly basis pushing strongly the idea that the internet boom which crashed in Sweden in the dying years of the 2000s left behind a strong creativity continuity.
How things stand with the sales of what remains if the bankrupt Saab automobile
Tuesday, 31 January 2012
A handful of interested parties that want to purchase the bankrupt Saab Automobile were presented by the administrators on Tuesday morning. But whether a specific buyer will soon be presented and whether such a buyer has already made a bid, the administrators became tough tight.
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Swedish Debt Office wants to take over Saab spares parts subsidiary
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ABB would not like to associate with Breivik but choose to let it be
Spanair crushes SAS with a heavy bankruptcy blow
Monday, 30 January 2012
Scandinavian airliner, SAS saw red on the stock exchange Monday as past weekend just added more strain into the ailing company.
Two Nordic banks stressed by failing Shipping business
Friday, 27 January 2012Shares in Nordea and DnB NOR, Norway’s leading bank, today fell as the banks developed intense headache caused by a failing shipping business which they are exposed to.
New Volvo S60 praised in the USA for being among the safest
Friday, 27 January 2012
The new version of the Volvo S60 is being positively reviewed in the USA after crash tests conducted by the U.S. NHTSA.
H&M, HENNES & MAURITZ AB reports weaker than expected results
Thursday, 26 January 2012
Clothing giant Hennes & Mauritz reported a profit before tax of Skr6.802 million for the period September-November, the fourth quarter in the company's broken financial year.
Internal mistrust of banking operations in Handelsbanken grows as more charged with embezzlement
Wednesday, 25 January 2012Investigation into the activities surrounding the former workers of Handelsbanken, accused of suspicion of embezzlement, swells considerably.
Ericsson is expected to fall on the markets today after report poorer than
expected results Wednesday, 25 January 2012Telecom Company, Ericsson's fourth-quarter results was well below analysts' expectations.
Brightwell hopeful to succeed in getting Saab from the claws of GM
Sunday, 22 January 2012
The Turkish consortium interested in the bankrupt Saab foundation, Brightwell Holdings is still showing signs of interest in the company amidst refusal the other day by GM to release the licence of some of the Saab flagship.
Record profits for furniture giant Ikea
Friday, 20 January 2012
Ikea Group has sets new profit record with Skr33 billion for 2011. Despite tough times in many countries, the Swedish furniture mater and retailer has managed to increase both sales and profits...
Skanska issues profit warning as looses in Finland and Norway create concerns Friday, 20 January 2012
Construction Company, Skanska reported an expensive fourth quarter of 2011 with Skr520 million of construction in Finland and Norway, according to a statement.
LinkedIn founder to invest Skr35 million in Swedish Gift wrapper app
Wednesday, 18 January 2012
The Swedish Gift company Wrapp has been reportedly received a boost from one of the leading heads in the IT world.
SCA to sell packaging business to UK based DS Smith
Tuesday, 17 January 2012Paper Company SCA sells its packaging operations, excluding the two kraft mills in Sweden, to UK based DS Smith.
The deal expected to ba approved with no problem.
The health of Swedish companies: SAS bankruptcy risk - 78 percent
Monday, 16 January 2012It had been extremely expensive to insure against that Scandinavian airlines, SAS would not default on its payments.
Who said we were going bust? We will not surrender to to international giants Siba’s CEO Fabian Bengtsson
Lundin petroleum drills first well in Avaldsnes, North sea, share slop
Monday, 16 January 2012Swedish oil company, Lundin Petroleum has completed the drilling of the first well in a program to evaluate the deposit Avaldsnes off the coast of Norway.
The oil industry recruiting 200 engineers from dying Saab automobile
Saturday, 14 January 2012The oil industry in Sweden wants to recruit 200 workers from Saab automobile as the future of the company remains extremely uncertain.
Swedbank makes goodwill write-down of SEK 1 913 million related to Latvian business
Friday, 13 January 2012
In November 2011 the Swedish FSA communicated plans for new higher capital requirements for Swedish banks.
Ericsson's billion Krona businesses finally driven home
Thursday, 12 January 2012
Ericsson's purchase of American Telcordia for some Skr8 billion has now been completed, notify the telecommunications giant.
Saab subsidiary buys Sörman information
Wednesday, 11 January 2012The subsidiary of the Swedish Defence company, Saab, Saab Combitech is buying a consultancy firm Sörman Information.
- Telenor wants to sell stake in Norwegian media concern A-press
- One of the world’s largest producers of heavy trucks chooses Alfdex
Ericsson's phone production ceases after 130 years
Wednesday, 11 January 2012
When the big electronics show in Las Vegas was inaugurated yesterday, one major body missing for the first time in such a forum was the famous Swedish Ericsson’s logo.
Norwegian TV2 sold to Denmark
Tuesday, 10 January 2012
Norway's biggest commercial TV channel, TV2 has been sold to a Denmark.
Nokia launches 4G Windows phone in US
Tuesday, 10 January 2012
Nokia unveiled its Windows-based smartphone at an annual technology-related trade show in Las Vegas on Monday.
Smaller companies in Sweden are having it hard to get a loan
Monday, 09 January 2012
Lending to small and medium-sized businesses had decreased at an increasing rate in Sweden blamed on bank's rejecting the smaller business man
Hypocrisy in deregulation: Why is the Swedish government’s owned Apotek accused of growing far too big Thursday, 05 January 2012
Several of the newer privately owned pharmacy chains in Sweden believe that government owned Apoteket is growing too fast and much too big
Belgian chefs launch backlash against Ikea which they accuse of price dumping their super restaurant.
Tuesday, 03 January 2012
Belgian restaurateur accuses Swedish furniture giant Ikea for predatory pricing in its department store restaurants.
Another Chinese company wants to get a dig at the bankrupt Saab’s businesses
Tuesday, 03 January 2012The list of stakeholders wanting to put their hands into the bankrupt at Saab Automobile's estate is growing. Latest is the mention of Dongfeng.
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This is Indian company speculated to be interested in the bankrupt Saab automobile
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France refuses to let Volvo go
Buoyant hope that Saab automobile could return to life in Trollhattan - Bankruptcy trustees
Bankruptcy trustees in Saab Automobile have high hopes for a "some continued activity" at the factory in Trollhattan.
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