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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.

Swedbank best in equity derivatives

Wednesday, 16 May 2012
Swedbank is best in Sweden in equity derivatives, new ranking.

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.

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.

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.

SAS to renew plane fleet in a new strategic plan

Friday, 11 May 2012
The Scandinavian airliner, SAS will over the next six to seven years, be replacing most of the fleet.

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

Thursday, 10 May 2012

 HM's ad campaign for this summer's swimwear has aroused strong reactions from the Swedish Cancer Society.

SKF plans to expand recruitment growth in Asia

Wednesday, 09 May 2012
SKF plans to annually employ about 1,000 people in Asia over the coming years, the company’s CEO Tom Johnstone said on its Capital market day yesterday, Tuesday.

Chinese soon to start selling their version of Saab

Tuesday, 08 May 2012
Chinese version of the old Saab 9-5 has reached the stage of development that it will begin shipping later this year.

Ericsson received new order from T mobile U.S.A

Tuesday, 08 May 2012
Telecom Group Company has received an order from T-Mobile USA to participate in the operator network upgrades for mobile broadband based on LTE technology.

Swedish E-commerce is growing rapidly

Tuesday, 08 May 2012
For the second quarter in a row, the Swedish e-commerce sales rose by 13 percent and the forecast for the full year is that the domestic e-commerce in goods could reach over Skr31 billion in turnovers.

Swedish companies increasingly finding it hard to get paid on time

Monday, 07 May 2012
Late and non-payment of bills is a growing problem for Swedish companies. Last year companies in Sweden were forced to write off debts worth some Skr75 billion, according to media reports.

Weak performance from the Swedish service sector

Friday, 04 May 2012
The purchasing managers’ index for the services sector fell to 48.6 in April from unadjusted 52.6 the previous month according to latest data

Danish airliner, Cimber Sterling in bankruptcy

Thursday, 03 May 2012
The listed Danish airline Cimber Sterling announced on Thursday that the Board has decided to put the company into bankruptcy. "Sad for all the worthless tickets," said the airline's CEO in a press release.
Alfa Laval wins SEK 80 million natural gas order in Saudi Arabia
Thursday, 03 May 2012
Alfa Laval has won an order from a Korean engineering company to supply heat exchangers for a natural gas project in Saudi Arabia.

Volvo Cars makes billion profit but CEO takes a cautious look ahead

Wednesday, 02 May 2012
The Chinese company Geely owned Swedish automaker,  Volvo reports a profit for 2011 of Skr1.636 billion before interest and tax. Sales rose 20.3 percent to 449 255 cars. Turnover was Skr125.5 billion.

Nokia sues many of its competitors

Wednesday, 02 May 2012
Nokia has filed lawsuits for patent infringement against HTC, RIM and ViewSonic in the courts in the U.S. and Germany.

Danish restaurant leads best restaurant in a recent classification

Monday, 30 April 2012
Copenhagen based restaurant, Noma, has been classed the best place to eat in the world - for the third consecutive year.

Surprise as Spyker reports profit after Saab's bankruptcy

Monday, 30 April 2012

 The Saab Automobile's bankruptcy is taking over nine billion, and many creditors will not get a dime. But Saab's former owner, Spyker, manages to show a profit of over Skr140 million just because of the Saab bankruptcy. How did this happen?

Record profits for Samsung as it dominates Nokia

Friday, 27 April 2012
Samsung reported a record operating profit for the first quarter of this year, 5.85 billion dollars, almost doubling over the same quarter 2011.

AB Volvo's earnings higher than expected

Thursday, 26 April 2012

 The vehicle manufacturer AB Volvo reports a profit before tax of Skr5.602 million for the first quarter of 2012. This compares with profit of Skr5.847 million a year ago

Earnings Fall at Astra Zeneca as CEO to resign

Thursday, 26 April 2012
Pharmaceutical giant AstraZeneca reported a profit before tax of $ 2.053 million, representing approximately Skr14 billion, for the first quarter of 2012. This compares with profit of $ 3.288 million a year ago.

Danish biker gangs established in Thailand but the Danish police is watching

Friday, 18 May 2012
Danish members of biker gangs Hells Angels and Bandidos are reported to have established local branches in Thailand – blamed at the moment not on the warm climate.

Credit rating of Scores of Spanish banks Downgraded by Moody’s ushering more pain to the ailing euro-zone economies

Thursday, 17 May 2012
Moody’s Investors Service downgraded 16 of Spain’s leading lenders including Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain’s biggest banks, cut by three levels blamed on recession in the country and mounting loan losses. Santander’s U.K. - based subsidiary also was cut.

Mosques in Sweden giving illegal advice to women and coercing them

Thursday, 17 May 2012

 Six out of ten mosques in Sweden are reported to have been found giving illegal advice to those seeking help, according to an investigative journalistic move carried out by Swedish television. But Swedish Islamic representatives strongly reject the advice found to have been given and seek that training be given to overcome the problems.

Growing worries over real estate mortgages in Sweden – younger home owners and women fare worse

Thursday, 17 May 2012
Swedish household debt is still large and much of it is held in their inflated house prise bills such as real-estate mortgages.  As the tide of dark economic waves keep lurking around the Swedish economy, there is growing fears by those with large mortgages about an uncertain 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.

That bread protest can topple the Government of Norway?

Wednesday, 16 May 2012
The disagreement between the Norwegian farmers and government in the ongoing negotiations on agriculture could scupper the red-green government.

Löfven attacked Reinfeldt about his “Nasty statement” boosting his leadership qualities

Wednesday, 16 May 2012
Swedish Social Democrat leader, Stefan Löfven, reacted strongly yesterday to Premier Fredrik Reinfeldt's statement about "ethnic Swedes in their middle ages being less unemployed…" Löfven believes that it is an attempt by Reinfeldt to dribble away the problems of high unemployment in the country.

Swedish Prime Minister, Fredrik Reinfeldt stirs racist storm with a Statement

Tuesday, 15 May 2012
The Swedish Prime Minister, Fredrik Reinfeldt, (pictured) has ignited a twitter storm following a statement he made during an interview with news agency TT. He said Swedish unemployment is low is one consider the ethnic employment rate. Why the fuse?

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.

Poor Britain being taken over by the Scandinavians Vikings?

Tuesday, 15 May 2012
Brittan in poor from its looks but it is also very rich and every body, from Middle East oil barons to now the Scandinavian Vikings want to have a slice of it.

Norwegian premier, Stoltenberg fears a serious worsening situation in Europe

Monday, 14 May 2012                                                         Norwegian Prime Minister Jens Stoltenberg (pictured left) warned against new severe downturn in the European economy.

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.

Could Greece leave the Euro – could it be better for the country and the Eurozone?

Monday, 14 May 2012
"If Greece does not respect the rules for the euro area, it is perhaps better that the country leaves the euro." This what some leading Europeans are telling the country

The law on age discrimination in various places in Sweden to be sharpened in a new review

Monday, 14 May 2012
The Swedish government wants to strengthen legislation against age discrimination with a new law vying to take effect from 1 January 2013.

Many Swedish ex-parliamentarian continue to live on benefits

Monday, 14 May 2012

As parliamentarians (pictured, Swedish parliament) force us to take any job when we become unemployment, parliamentarians in Sweden instead tend to rely on benefits and hand outs when they become unemployed - one rule for us and another for them.

Far right part Sweden democrats stubbornly remain big in Sweden – opinion polls show

Monday, 14 May 2012
In new opinion poll out on Sunday, support for the far right party, Sweden Democrats stood at 6.6 percent making it the fourth largest political force in Sweden.

Swedish Unemployment falls but the future looks weak

Friday, 11 May 2012
The Swedish unemployment rate was 4.3 percent of the workforce in April, compared with 4.5 percent the previous month. This relates to people who are at work.

The Swedish Center party flirts with the Green Party on sales of government companies

Thursday, 10 May 2012

The Swedish Center Party wants to sell its shares in the telecoms operator TeliaSonera to release resources for investment in infrastructure. The party would also want to work with the Green Party

Sharp decline of international student vying to  study in Sweden

Thursday, 10 May 2012

International students vying to study in Sweden from countries outside the European Community decreased by nearly 70 percent in 2011.

How swedish companies are buying facebook " Like"  which has made "like" to become a strong commodity in management

Thursday, 10 May 2012
A major observation which is likely not new but growing is that which companies are buying the “like” on facebook. Is this a sustainable approach to build audience and promote a business?

Swedish house prices continue to fall – official data show

Thursday, 10 May 2012
Swedish real estate prices for one- or two-dwelling buildings decreased by 1 percent during the last three months (February – April 2012) compared to the previous three months (November 2011 – January 2012), official data from Statistic Sweden say.

Nordic countries are the best places for mothers whereas Africa is worse

Wednesday, 09 May 2012
Smaller income differences between the sexes means that Norway is the world's best country for mothers to live in, while Sweden came in third place. In the bottom of the Save the Children mum index is famine and disaster hit Niger.

Swedes believe the EU is good for trade

Wednesday, 09 May 2012

Swedish  people’s EU membership has been overwhelmingly positive for business, corporate and people's ability to travel, study and work in other member countries, according to a survey of Swedish Enterprise.

Finland relaxes hostilities towards immigrants but still refuse to accept them

Tuesday, 08 May 2012
The Finnish people’s attitudes toward immigrants have been eased, according to a survey. But immigrants are still not properly accepted in the system though more Finns also leave to settle aboard

Social Democrats see a break in growth - new poll show

Tuesday, 08 May 2012
The Social Democrats which has been experiencing meteoric growth in opinion polls has hit a wall somewhere and reversed a bit.


Sweden's population reached 9.5 million yesterday

Friday, 04 May 2012
 Swedish population has reached 9.5 million inhabitants and the milestone was passed yesterday according to reports from statistic Sweden.

Swedish banks under pressure as they risk rating downgrades

Friday, 04 May 2012

Swedish big banks have come under pressure and there is nervousness around the corridors of Swedish banks as the credit rating agency, Moody's threaten down grade.

Social Democrats continues to grow as new opinion polls show the party making in routes

Friday, 04 May 2012
The way things stand now in Swedish politics and if it continues this way, the Swedish opposition party, the social democrats in on course to win power if an election is called soon.
Money in the work of arts as Scream sells for record amount
Thursday, 03 May 2012
The Norwegian artist Edvard Munch’s work of arts, The Scream was sold for $107 million, more than Skr721 million, at Sotheby's in New York. The painting became the most expensive ever sold at an auction, beating the likes of Pablo Picasso’s ‘Nude’, Green Leaves and Bust which was sold for $106 million in 2010.

Norwegian house prices jumps as the market continues to heat up

Thursday, 03 May 2012
Fewer houses in the market and increasing demand means that Norwegian house prices rose by 1.5 percent in April compared with March, according to data latest market data .

Finland opens up and attracts 60 Spanish nurses a move that will  assist  the high unemployment back home

Wednesday, 02 May 2012
Finnish public health authorities in the south-west of the country are hiring Spanish nurses to help fill a shortfall in healthcare workers.

More youth unemployed people in Europe

Wednesday, 02 May 2012
Unemployment in the euro area amounted to 10.9 percent in March, up from unrevised 10.8 percent the previous month, figures from Eurostat show.

Swedish investments in Africa criticised accused of aiding land grabbing

Wednesday, 02 May 2012
Anna-Klara Bankel of radio Sweden in Sierra Leone. Photo: Swedish Radio.
 The Swedish state development agency, Swedfund has invested tens of millions in a company that will produce ethanol in Sierra Leone, but the local people are reported to have been affected by water shortages and hunger when the company took over their land. Now the poor inhabitants are seeking help from Sweden

Spotify founder's wealth growth in the UK show how starting a business in Sweden is hard

Wednesday, 02 May 2012
 If Spotify founder is among the UK's richest, does it mean that starting a business is hard? Well, Daniel Ek, founder of the music streaming service Spotify, made it onto the Sunday Times' annual list of the UK's richest people.

The leader of the Social Democrats, Stefan Löfven attack the Government's jobs policy

Tuesday, 01 May 2012
On May Day celebration, the Social Democrat party in Sweden went out through the country with one main strategy – to floor the government’s jobs policy. It looks like it is working based on the crowd he is pulling.

4 000 people banned from the Casino Cosmopol for gambling addition

Monday, 30 April 2012
At the end of the year 4149 people signed a voluntary agreement to not come back turned to gamble at the four international casinos in Sweden.

Swedish housing loan ceiling has stopped biting. Borrowing to grow gradually

Monday, 30 April 2012
Swedish household loans from banks and mortgage lenders grew by 5 percent in March. This is the lowest growth for 15 years. But for the first time since the mortgage ceiling was imposed, the downward trend has broken.

Norwegian mass murderer, Breivik has the support of alleged Russian network. He builds networks while in prison

Monday, 30 April 2012
Russian extremists are reported to have created a network that supports the Norwegian mass murderer and terrorist, Anders Behring Breivik while in prision. This is part of a growing set of individuals as well as groups lining up with the killer just to eliminate people who are different from their 'superior race'.

Record number of homes for sale in Sweden

Monday, 30 April 2012
Spring has release more houses into the Swedish real estate market with many villas clogging the market right now. Report out yesterday show that a record number of homes for sale in the country's real estate site.

Did Political prisoners of in former East Germany built Ikea furniture?

Saturday, 28 April 2012
Ikea under intense pressure as Swedish television reveals that the company sold furnitures built by labour from  political prisoners of former East Germany (GDR). The company rejects the allegation.

Tens of thousands of Norwegians sang the song the killer, Breivik hated to hear

Thursday, 26 April 2012

 Thousand of people gathered in the squares all over Norway today to "re-conquer" the song the mass murderer Anders Behring Breivik say it has been used to "brainwash" Norwegian children.




















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