Economy

Manifestation for Saab planned in Detroit

Economy | 2010-01-03 | 1 comment

Saab-enthusiasts in USA and Canada will arrange a manifestation outside the head-quarters of General Motors (GM) in Detroit on Tuesday.

Deutsche Bahn to enter the Swedish market

Economy | 2010-01-10 | 2 comments

SJ, the public railway company in Sweden, will loose its monopoly next year and according to Swedish radio, the German national railway company Deutsche Bahn is one of the actors who want to enter the market.

General Motors rejects new bids on Saab

Economy | 2010-01-11 | 4 comments

GM declared today that the new bids for Saab are not good enough and repeated that it has initiated the process to liquidate Saab Automobile.

Manifestations for Saab today

Economy | 2010-01-17 | 6 comments

Saab-enthusiasts on around 30 places around the world participated in manifestations for the troubled car company today.

Borg: ´Sweden´s growth best in Western Europe´

Economy | 2010-01-21

Sweden may have get on strongest despite the economic crisis and have the highest growth in all of Western Europe by 2010. This means that the Swedish labour market should perform better and get back...

"Spyker will buy Saab". Update: "Nothing is decided"

Economy | 2010-01-25 | 2 comments

The Dutch company Spyker Cars´ purchase of Saab Automobile from GM is now decided. This according to SVT Rapport.

Spyker buys Saab

Economy | 2010-01-26 | 5 comments

Updated. General Motors have agreed to sell Saab to the Dutch Spyker Cars. This they confirm in a press release.

More people fail to pay sms-loans

Economy | 2010-02-03

The so called sms-loans are increasing rapidly and more people get problem paying them back. SMS loans are considered much easier to obtain than normal bank loans, but the sums are also smaller.

Swedbank shows a negative result for last quarter 2009

Economy | 2010-02-09 | 1 comment

The government gives one billion to SAS for its losses

Economy | 2010-02-09

Today the Scandinavian owned airline company SAS presented its account for 2009 and the result continue to show heavy losses and more cuts in personel is expected.

Optimistic view on Swedish public finances

Economy | 2010-02-17

Stockholm: 4th European city of the future

Economy | 2010-02-18 | 2 comments

Stockholm captured fourth place in a prestigious ranking of European cities of the future. Only London, Paris and Moscow is ahead of Sweden´s capital city in terms of how well the cities are...

Snowy weather hitting Swedish companies

Economy | 2010-02-23

Snowstorms with following problems in the cargo train traffic have affected several large Swedish companies in a negative way. Electrolux has evacuated its cooker factory, cargo trains from Stora Enso...

135 000 unemployed Swedes will be offered internships

Economy | 2010-02-26

Big financial surplus in Swedish cities and regions

Economy | 2010-03-03

Last year was a better year than previously expected for Swedish municipalities and regions according to new figures from Statistics, Sweden.

Unions warn of strike

Economy | 2010-03-14

Trade unions now warn of strike since the parties in the ongoing wage negotiations are to far apart.

State owned companies defy the government

Economy | 2010-03-24

“The bonus bubble has burst”. This said Prime Minister Fredrik Reinfeldt last autumn, but bonuses have continued to flow over corporate managements in state owned companies....

Faked invoices an increasing problem

Economy | 2010-03-26

Faked invoices has become an increasing problems. Even if only a few percent pay it can be a profitable business for those who send them.

Geely and Ford close to sign Volvo deal

Economy | 2010-03-27 | 2 comments

Volvo Cars has called to a press conference on Sunday afternoon in Gothenburg. This indicates that the deal between the Volvo owner Ford, and Chinese Zhejiang Geely Automobile, is now a done deal.

Chinese Geely buys Volvo

Economy | 2010-03-29 | 6 comments

Now it is finally decided: Zhejiang Geely and Ford Motor signed a purchase agreement yesterday. Geely will buy Volvo Cars from Ford for the sum of 13 billion crowns, which is appr. 1,3 billion euro.

IKEA mapped Russian judges

Economy | 2010-03-30

IKEA´s top management has secretly mapped Russian judges. Secret reports to the head office tell whether the Russian judges are able to influence concerning litigations where IKEA stands to lose SEK...

Managers believe in more jobs

Economy | 2010-04-06

The labour market in Sweden will soon get better. This is the general belief among chiefs of staff when asked about the development in their own companies.

No strike within the trade sector

Economy | 2010-04-07

Today the parties agreed: no strike and higher...

Less support for the euro

Economy | 2010-04-09 | 1 comment

More and more Swedes turn against the idea that Sweden should join the third step of the EMU and thus replace the Swedish krona with the euro. This is shown in a survey performed by Demoskop who asked 1004 voters during the first week of April.

Borg: Swedish tax payers will be protected

Economy | 2010-05-09 | 1 comment

The EU Ministers for Finance are gathering in Brussels today to discuss the latest crisis in general and Greece in particular.

Growing job satisfaction in Sweden

Economy | 2010-05-18

Employees satisfaction is increasing in Sweden. The country has climbed up on top of the ranking list in a global study on...

Court acquits in insider charge

Economy | 2010-06-01

The Stockholm District Court sentences the two main accused of the record inside dealings case to two years in prison for serious tax offences. But the prosecution dismissed the inside dealings part....

Pilot strike has ended

Economy | 2010-06-16 | 1 comment

The pilot strike which paralyzed the domestic air traffic today ended shortly after lunch.

Sweden´s economy in good health

Economy | 2010-06-16 | 2 comments

Sweden´s financial situation is in good shape. This is shown in a prognosis from the Swedish National Debt Office.

Reinfeldt worried by Europe´s austerity

Economy | 2010-06-24

Prime Minister Fredrik Reinfeldt is concerned with the many great austerity packages, which is now about to be launched across Europe, not least those in our neighbourhood, and warns that it could...

Tourism more important than ever

Economy | 2010-07-06

A new report with figures from 2009 shows that the tourism branch in Sweden is increasingly important. This despite the international financial crisis. The turnover for 2009 increased with six percent compared with the year before and this contributed to many new jobs. This is the conclusion in a press release today from the Swedish Agency for Economic and Regional Growth.

Fewer Thai berry pickers expected

Economy | 2010-07-16 | 1 comment

The number of foreign berry pickers in Sweden is expected to be a third compared with last year. This despite prognoses that 2010 will be a very good berry year. The reason is according to the Swedish Trade Union Confederation a new minimum wage.

Swedes positive on the economy

Economy | 2010-07-22

An increasing number of Swedes have an positive outlook on their own economy. Since December of last year, the proportion who think they will get less financial leeway has been reduced from 16 to 11 per cent, according to a recent study by polling institute Sifo.

House market shows signs of stagnating

Economy | 2010-08-16

The prices on real estate in Sweden are showing signs of stagnating. The house prices in the Stockholm region have fallen with four percent during the last month according to Mäklarstatistik (statistics from real estate agents).

Investment bank HQ face liquidation

Economy | 2010-08-28

The Swedish Finance Inspectorate (FI) today revoked the licence of investment bank HQ. FI believes that the bank violated rules already in 2008, but despite reminders, the bank did not act until last...

Carnegie buys HQ Bank

Economy | 2010-09-03

It is now decided that the investment company Carnegie will take over HQ Bank. The decision final decision was taken yesterday evening and the Finance Inspectorate accepted the take-over this morning.

GM planned closing SAAB in 2008

Economy | 2010-09-11 | 1 comment

General Motors (GM) had taken the decision to close-down SAAB Automobile long before it became known. This reveals journalist Jonas Fröberg in a new book about the year-long sale process of the...

Swedish banks´ profits among the highest in Europe

Economy | 2010-09-26

Rising mortgage margins is a scourge that affects banking customers worldwide. The largest increases have been implemented by British banks. But the mortgage lending margins by Swedish banks are among...

50,000 manufacturing jobs gone forever

Economy | 2010-09-26 | 2 comments

50,000 jobs in the Swedish manufacturing industry that disappeared during the worst crisis in modern...

HQ Bank leader: "I am terribly sorry"

Economy | 2010-09-28 | 1 comment

At ten o´clock this morning, HQ-bank arranged a shareholders meeting at the big...

Stockholm´s economy on the right track

Economy | 2010-09-29

The unemployment is going down in Stockholm. This according to new statistics from Stockholm Business Region.

Trio share "Nobel Prize" in economy

Economy | 2010-10-11

The” Nobel prize” in economy goes to Peter A. Diamond, USA, Dale T. Mortensen, USA, and Christopher A. Pissarides, United Kingdom. The Nobel Prize in economy is however not a ”real” Nobel Prize.

Cautious budget for 2011

Economy | 2010-10-12 | 1 comment

Stockholm housing prices continue to rise

Economy | 2010-10-15 | 2 comments

After a temporary drop during the financial crisis, the prices of co-operative apartments in inner city Stockholm continue to rise. Since 2005, the...

Repo rate raised to 1.00 percent

Economy | 2010-10-26 | 1 comment

The Riksbank decided yesterday to raise its most important steering rate, the repo rate. It is raised with 0.25 percentage units...

GDP growth may reach 5%

Economy | 2010-10-28

Despite a dip in consumer optimism in October, the Swedish economy seems to be better than previously thought. The National Institute of Economic Research (NIER) forecasts that GDP growth for 2010...

CEO of Scania might be prosecuted for bribery

Economy | 2010-11-02

A prosecutor is now preparing legal action against truck manufacturer Scania on suspicion of bribery in Iraq. This according to SVT Rapport.

Swedish work permits are for sale on the black market

Economy | 2010-11-05 | 1 comment

The current government´s plan for labour...

Minerals give hope to the north

Economy | 2010-11-08

The north of Sweden has, with a few exceptions, had a shrinking population for a long time. But new foundings of iron ore might change this.

Sweden contributes to Irish bailout loans

Economy | 2010-11-28

Sweden will help Ireland with a 600 million euro emergency loan. This announced Finance Minister Anders Borg at a press conference today after the meeting where the EU Finance Ministers decided to give 67.5 euro in bailout loans to Ireland.

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