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Swedish clothing sector struggled in December  while shoes sales improved

Friday, 11 January 2013
Swedish clothing retail sales fell 3.7 percent in December, measured in current prices in identical units, compared with the same month the year before. Shoe sales on the other hand increased by 13.4 percent, a new data from Swedish Trade Federation  - Styles which assesses the market in its Style Indices of sales development.

Fear mongering for Swedish increasing layoffs

Thursday, 10 January 2013
The increasing notices of redundancy, which has gone up sharply Sweden during the autumn of 2012, has been felt by some analysts as that Swedish unemployment would increase.

Danish consumer prices fall

Thursday, 10 January 2013
Danish consumer prices in Denmark fell 0.3 in December from the previous month. Compared with the same month of last year, prices rose 2.0 percent, according to Danish Statistics organisation, statistic Denmark.

New rare diamond find for Lundin Company

Tuesday, 08 January 2013
One of Lundin companies, Lucara Diamond has found two additional rare so-called blue diamonds in the Karowe mine in Botswana. Companies share shot up in the company's early trading on Tuesday.

Home care services grew in Sweden as demnad increased

Tuesday, 08 January 2013
Swedes are buying more house cleaners and other household services using the discount program for such created by the government.

Spots of bright lights in the troublesome and gloomy  Danish housing market

Monday, 07 January 2013
The Danish housing market has continues to hold the economy down and that attitude has persisted. However, there are slight indications that things may be changing for a better.

VAT reduction in Sweden created 5,000 more jobs despite initial criticism

Sunday, 06 January 2013
The Swedish government's reduction in VAT has been accounted to have create 5000 more jobs but the food prices in restaurants were not cheaper in retrospect, new figures show.

Swedish people are feeling depressed about their future jobs situation

Friday, 04 January 2013
Swedish households have grown to develop increased pessimism about the Swedish labour market and the future does not look rosy, they believe.

How shopping around for better fund would have generated lots of money for Swedish pensioners

Friday, 04 January 2013
Some call it lazy other call it uninterested - this is what happens when many Swedish pensioners and savers failed to grab and benefit from funds that had very high paying penitential.

Swedish household borrowing starts rising again

Thursday, 03 January 2013
The growth rate of loans to Swedish households is no longer declining. In November, the annual growth rate increased by  4.6 percent, a slight increase from 4.5 percent in October, according to new figures from Statistics Sweden (SCB). This signals that the earlier downward trend has stalled recently.

Swedish companies that  that drive their customers' crazy in 2012

Wednesday, 02 January 2013
Sweden is always classified as leader in competitiveness but an average person will ask - what competitive leader when there are very few big players in the country treating its customers like nothing. This is referred to largely to the telecoms companies which crowd the top position in driving their costumers mad.

Sweden's PM for December remains at a deteriorated level - 44.6

Wednesday, 02 January 2013
The purchasing managers' index for the Swedish industrial sector rose to 44.6 in December from 43.2 months before. Corresponding month last year, the purchasing managers index was 48.9.

Fewer ATM machines in Sweden as uniforms machines become instituted.

Monday, 31 December 2012
Swedish banks' quest for security and improved operating and cost management means that there will be new and fewer ATM machines owned by individual Swedish banks in the coming years but a universal machine that meet all bank customers' need irrespective of their individual banks.

Source of Swedish economic gloom: weak exports as net trade decreased in November.

Friday, 28 December 2012
Unlike other declining economies such as the UK, and the debt ridden economies of Southern Europe, Sweden still remain  a very competitive economy but its biggest problems is heavy reliance on the European market for its survival given its own small home market base.

Cows stolen from farmers in a strange king of new crimes

Wednesday, 26 December 2012
An unusual kind of theft has taken place on a Swedish far where 69 cows have been reportedly stolen. Initial investigation points to that the animals already might have been ferried out of the country.

Norway's Statoil to invest  big in the North Sea oil field, bringing hundreds of jobs to the north east of Scotland - BBC

Friday, 21 December 2012
The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade - BBC

Logistic company, Green Cargo crushed 350 jobs

Thursday, 20 December 2012
Transport and logistics company Green Cargo is laying off 350 people. The company blames the effects of the recession which has hit the transportation more and  and weaken the company's finances.

Sweden Producer Price Index remain unchanged month on month

Thursday, 20 December 2012
Sweden's producer prices in total were unchanged from October to November. During the same period prices on the export market increased by 0.2 percent and on the import market by 0.4 percent. On the domestic market prices decreased by 0.2 percent.

Staffing company, Poolia sounds profit warning

Tuesday, 18 December 2012
Staffing firm Poolia warned that revenue in the fourth quarter would be lower than expected, due to the current recession with weak demand for its services, a statement from the company say, according to news reports.

Children under ten can get debit cards as Swedish banks get desperate or...?

Monday, 17 December 2012
Swedish banks are considering the possibilities of lowering the age limits for people who can have debit card, as such the banks are considering lowering the age down to 10years.

Dealers in the Swedish retail sector feeling depressed about the future

Monday, 17 December 2012
Traders in the Swedish retail sector have seen their confidence plummeted and confidence in both sales and employment have fallen. A new survey from the Swedish Trade Federation  has exhibited this phenomenon.

Falling prices for newly constructed houses in Sweden

Friday, 14 December 2012
Prices for newly produced dwellings, i.e. the prices paid by investors in Sweden, were lower in 2011 compared to 2010.

Swedish consumer prices continue to fall as inflation rate hits -0.1 percent

Thursday, 13 December 2012
Swedish consumer prices fell by 0.2 percent in November from the previous month, new official data from Statistics Sweden (SCB) show. Compared to the corresponding month of 2011 the CPI declined by 0.1 percent.

Sweden unemployment increased as rate edge to 7.5 percent as November continues to stress the Swedish job market

Thursday, 13 December 2012
The Swedish unemployment rate increased in November signally the struggling position the country's economy is maintaining. Nearly 10,000 people were given notices in November, the second month in a row.

Scandinavian countries leader Europe with the most expensive food

Tuesday, 11 December 2012
Scandinavian is know for some of the most expensive places to live but it has been argue that food price here have been some what stable. But recently it has not been the same as Norway, Denmark and Sweden have emerged as the most expensive countries in terns of gastronomy.

Interest in organic food in Sweden dying down

Sunday, 09 December 2012
Sweden used to be the centre of organically grown food. People used to folk out as much as it was expensive just to eat what was considered a properly grown product and the trend has been growing for years. But that steams is dying down if latest data is to be correct.

Billion invested in job market coaching did not lead to more Swedish jobs

Thursday, 06 December 2012
The Swedish government invested millions into the job market training and coaching so that job seekers could quickly get into work. This was seen as a good idea but that has not resulted either job creation or reduced unemployment.

Norwegian Krona strengthen to a record level

Tuesday, 04 December 2012
Norwegian currency, the krone has strengthened to a new high level ever and now Goldman Sachs is making a recommendation for its customers to hoard the dollars.

Swedish real estate brokers gradually dissipate as many leave their profession

Monday, 03 December 2012
As the Swedish housing sector continues to struggle in terms of sales and development, many real estate brokers are leaving the sector more than ever.

Sweden's PMI rises slightly breaking the decline for the past months

Monday, 03 December 2012
Swedish Purchasing Managers Index, (PMI) which reflects economic activity in the industrial sector, was up in November to 43.2, compared with 43.1 months before. But it is still below the growth barrier of 50 points.

Pressing problems in the Swedish real estate sector could spell problems to the perceived balanced economy

Wednesday, 28 November 2012
There's a general uncertainty in the Swedish real estate market, and if information from various media reports should be taken seriously then something has to be dome otherwise the Swedish economy could struggle in the nearest future.

Where are the jobs of the future going to be?

Wednesday, 28 November 2012
From the Swedish perspective some academic courses will ultimately lead to a working career while other will not, so, where are the Swedish jobs on the future?

Swedes enter subdued Christmas spending mood this year

Wednesday, 28 November 2012
May Swedes will shrink their Christmas spreading for the first time as they feel hard hit in their wallet this year.

Declines in Swedish exports but net trade surplus reached Skr 8.0 billion in October

Tuesday, 27 November 2012
Swedish exports fell by 7 percent in the third quarter of this year, compared with the same period last year. At the same time Swedish exports of goods amounted to SEK 104.6 billion, while imports of goods amounted to SEK 96.6 billion.

MOODY'S, impressed with Swedish banks

Monday, 26 November 2012
credit rating agency, Moody's raises its outlook for Swedish banks to "stable" from "negative", the organisation notified on Monday making it stand at odds with rival Standard & Poor's.

The economy will benefit from stricter requirements on banks as Sweden Finansinspektionen (FSA) Proposes tougher requirements on Swedish banks mortgage lending requirement

Monday, 26 November 2012
The forthcoming tougher requirements on Swedish banks generate positive effects on the economy. This is the opinion of Finansinspektionen (FI) in its report on bank interest rates and lending for the third quarter. In order for banks to further bolster their resilience, FI today clarifies its view on how much capital the banks should have for their mortgage lending.

Svenska spel to be scrutinized after TV report show unfair trading

Monday, 26 November 2012
Swedish gaming company, Svenska spel could be in trouble if the laws operating in the Swedish gamming industry are spread proportionately. An underground investigative documentary show that the company has been selling gambling chips to minors - something that is against the law.

Finnish banks tighten belts on housing loans

Thursday, 22 November 2012
The shaky Finnish economy has caused banks to become more cautious in the housing loan sector. Over the past few months, bankers say, more is being required of loan applicants and the trend appears to be continuing, reports Yle, Finlands Leading broadcaster.

Persistent threats of jobs losses kill Swedish housing market

Tuesday, 20 November 2012
The increase uncertainty in the Swedish economy where there has been growth in jobs losses and threats of jobs losses in various companies and in different sectors is beginning to have a toll on the Swedish housing market.

Electrolux issues bond loan

Tuesday, 20 November 2012
Electrolux today issued a SEK 500m bond loan under its EMTN (Euro Medium Term Note) program.

Growing cost and quest for quality calling back  European fashion firms from Asia back to Europe

Monday, 19 November 2012
Asia seems to be repelling European fashion houses back home. Increasingly common, small and medium-sized players are seen moving back home from what was a must be environment, Asia.

Poor H&M sales for October than expected

Thursday, 15 November 2012
Sales for the clothing chain Hennes & Mauritz (H&M) rose by four per cent in October compared to October of last year and in local currency.

Surprise fall in Swedish unemployment than expected

Thursday, 15 November 2012
Swedish unemployment was 7.1 percent in October, not seasonally adjusted, according to latest official figures from Statistics Sweden's Labour Force Survey (LFS). Analysts had expected an unemployment rate of 7.4 percent, thus the fall came as a surprise to most after lost of various bad economic news and indicators.

Danish pilot rejects the terms of the Scandinavian airliners' saving plan

Wednesday, 14 November 2012
The Danish pilot association has rejected the offer to sign the comprehensive savings plan that SAS Management presented on Monday.

Alfa Laval wins SEK 90 million pharmaceutical order in India

Wednesday, 14 November 2012
Alfa Laval has won an order from a major pharmaceutical company in India to supply a processing line for a new insulin plant in Malaysia.

Toyota recalls 2.8 million cars, 12,710 cars in Sweden to resolve technical issues

Wednesday, 14 November 2012
Toyota has launched a recall of 2.8million car with faulty steering wheels and water pumps just a month after calling back more than 7million vehicles with faulty windows.

150,000 Swedish unemployed without a form of unemployment support and compensation

Wednesday, 14 November 2012
Of the nearly 400,000 who were unemployed in September 150,000 are missing full compensation, according Unemployment Insurance Unions (SO). Back in 2008, the number without compensation due to lack of unemployment insurance contribution was 50 000.

Where are really the so-called jobs of the future?

Thursday, 08 November 2012
Jobs seekers, - University graduates, and laid-off workers are roaming around looking for work but employers say they are finding it hard to recruit the right skills. Job seekers are tired of looking for work as politicians talk of the jobs of the future. Which are the so-called jobs of the future?

Swedish PMI for services rose to 50.3 in October as decline in the service sector remain stagnated

Monday, 05 November 2012
The Swedish Purchasing managers' index for services (PMI - services) rose to 50.3 in October from 47.2 in September.

Somalis find it easier to obtain a job and career in other leading countries than Sweden

Monday, 05 November 2012
Somali immigrants have fared better in the labour market in the United States and Canada than in Sweden, intensifying the question whether the Swedish society and job market is institutionally racist or that the Swedish authorities just lack the skills to harness the knowledge of the Somalis.

Where the Swedish most expensive homes found - Stockholm

Thursday, 01 November 2012
Sweden's most expensive addresses are found in Stockholm, Danderyd and Lidingö, a review from real estate establishment, Fastighetsbyrån have produced.

Tough for Swedish industrial production as PMI fell to 43.1 in October

Thursday, 01 November 2012
Swedish industrial production decline deepens in October as the producer's Managers Index or the PMI fell to 43.1 in October from 44.7 in September. Compared to same month last year, the purchasing managers' index was 49.8.

Another example of Nordic co-operation, How Norwegians and Danes are influencing the Swedish real estate market

Wednesday, 31 October 2012
The Norwegians and the Danes have been the leading players in influencing the Swedish house market. The Danes, due to their own economic conditions at home, which has led to fall in the prices of Danish houses, have withdrawn from the Swedish property market.

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