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As TeliaSonera enjoys huge profits from Scandal, the owners will feast while  employees will be given matching order

Thursday, 31 January 2013
TeliaSonera's will pay out shareholders big dividends, after reporting impressive earnings but common workers in the company will pay a heavy price - retrenchment.

Ericsson back on growth territory despite low sales and fears of threats from Chinese  Huawei

Thursday, 31 January 2013
Swedish telecom giant, Ericsson reported an enhanced profitability and delivered what has been considered as growth. Though with declining sales, the company saw  increase fourth quarter sales by 5 percent to Skr66.9 billion.

Swedish banking group SEB reports end on year report promising huge dividends to shareholders

Thursday, 31 January 2013
The other Swedish giant bank, SEB's report a slightly better than the market expected report for its end of year activities.

Swedbank report impressive financial performance

Wednesday, 30 January 2013
Swedish banking group, Swedbank made a huge profit in the last quarter of last year. Operating profit came to be Skr4 977 million compared to Skr1,753 million corresponding period of the 2011

Sony Centre in Sweden goes bankrupt and competition in the Swedish electronic sector claims another victim

Monday, 28 January 2013
The fierce competition in the Swedish electronic commerce has claimed yet another victim as a dealer of a big name goes down.

Volvo to be the largest heavy truck maker in the world after joint venture agreement with Chinese Dongfeng

Sunday, 27 January 2013
In a deal worth something closer to Skr6 billion Volvo has bought the majority stake of the Chinese Dongfeng Motor Group's operations

Cutback in Volvo car corp., means more consultants to leave

Friday, 25 January 2013Volvo_cars
Last fall, 400 consultants provide Volvo Cars Torslanda factory various services. But there are fears that as the company tries to cuts back in operations, more of these consultants will be expected to leave.

Disorder and disagreements at Ikea as Kamprad surprised by CEO's expansion plan

Thursday, 24 January 2013
Ingvar Kamprad, the founder of Swedish furniture giant Ikea, is surprise to learn that the company's CEO, Mikael Ohlsson is promising a massive investment expansion which he was not aware of. 

The forest sector in Sweden struggling and no longer seen as safe investment

Thursday, 24 January 2013
Last year the prices for forestland in Sweden fell for the first time in over ten years, according to figures from consulting firm LRF consultant, which is tied to the forest sector and owned by farmers association.

Another Danish Bank, Jyske bank joins Danke bank to charge for the pleasure of having a bank account with them

Tuesday, 22 January 2013
 After Danske Bank imposed a charge or a fee for owning an account with them, Jyske Bank has followed the approach too.

Volvo plans joint venture with Chinese heavy goods maker

Tuesday, 22 January 2013
Sweden's heavy industrial goods maker, Volvo and the Chinese automotive company, Dongfeng Motor are about to launch a joint venture in the medium and heavy duty trucks, division as Volvo seeks to penetrate more into the vast Chinese market.

Massive protest against Danske bank as a new fee charging policy leads to heavy protest from customers.

Monday, 21 January 2013
As predicted, Danish leading bank, Danske bank seems to have bitten more than it can chew since it called the bluff and insisted that account holders must pay a new account ownership charge or fee. It has led to revolt among customers, something that could lead the bank to loose a large chunk of its customers.

Swedbank is phasing out Visa credit card as competition leads it to better deal elsewhere.

Sunday, 20 January 2013
In 2012 Swedbank decided to gradually remove Visa cards from its customers and replacing them with MasterCard. The decision is made on a commercial basis and the cards will be replaced, as they are renewed.

Sales of internet surfboards dominates Laptops in Sweden

Sunday, 20 January 2013
Sales of computer tablets and internet surfboards continue to grow in Sweden at the expense of computers and laptops. 

Share ownership in Sweden decreases

Friday, 18 January 2013
The number of shareholders in various companies in Sweden declined in 2012. At year's end, there were 2,037,941 shareholders in Sweden, which is over 61,000 fewer than a year earlier, according to statistics from the organisation, Euroclear.

Norwegian authorities investigate possible NIBOR crime

Thursday, 17 January 2013
The Norwegian Financial Supervisory Authority is examining whether there has been manipulation of the local interbank rate after complaints from a "foreign bank."
Bankrupt Amagerbanken's management to be investigated for crimes by the Danish police Wednesday, 16 January 2013
The Danish bank Amagerbanken af is being referred to the police by the Danish Financial services authority, Finanstilsynet, for possible financial crimes that led to the fall of the bank.

H & M post higher than expected sales for December 2012

Tuesday, 15 January 2013
Clothing chain H & M's total sales rose 8 percent in December, compared with the same month last year. Same-store sales decreased by 2 percent.

SKF struggling with weak demand and will cuts work force by 2500

Monday, 14 January 2013
Tom Johnstone, CEO SKF
The end of 2012 was even weaker than SKF, the Swedish ball bearings giant expected and the beginning of 2013 does not look better. The company is thus tightening its cost-cutting measures.

Finnish Energy Company, Fortum appealing Swedish tax authority's tax bill

Monday, 14 January 2013
Finnish Energy Company, Fortum has been hit by back tax request from the Swedish tax authorities, something which the company is appealing.

SAS top executives were paid bonuses to stay as the company while workers were forced into pay cuts and lay offs

Friday, 11 January 2013
Anger and consternation from the workers and union officials as it emerged that top officials of SAS received huge bonuses while ground workers have been forced to take pay cuts and depressed working conditions as well as layoffs in a bid for the company to survive.

Saab car production to resume some time this year -  Nevs aims to build thousands of Saab cars in Sweden this year

Thursday, 10 January 2013
Fresh report out this morning say that this year aiming Nevs, the company that own Saab automobile, is planning on building around the 8000 Saab 9-3 cars and the company is said to start production in late August, 2013, Radio Sweden reports

Swedbank appoints to Tomas Hedberg new CEO of Swedbank Robur

Wednesday, 09 January 2013
Tomas Hedberg has been appointed CEO of Swedbank Roburn, Swedbank said in a press release.




Increase movements between the various political parties in Sweden - Opinion polls

Thursday, 31 January 2013
There has been some increased movement among the various political parties in Sweden from the opinion poll point of view. The governing conservative party, the Moderates moved more that other parties.

Immigration issues becomes a growing important issue for Swedish voters

Thursday, 31 January 2013
Swedish people and voters are beginning to change their feelings about growing immigration to the country and it is becoming a strong issue that could play in the next general elections.


Swedes are good at detecting cancer early - lesson for the Brits.

Wednesday, 30 January 2013
Swedish people lead the rest of the developed countries in identifying and reporting signs of cancer and the British fare worst. This would help the Swedes get quicker and better cure and thus survival rates are higher.

Sweden donates Skr150 million in economic relief aid to Syria

Wednesday, 30 January 2013
Sweden will donate 150 million in emergency assistance to Syria, the country's government representative Economic aid minister, Gunilla Carlsson (pictured) will say at a conference in Kuwait.

Swedish banks getting ready for a fight with the finance minister as the cash feasts to take central stage.

Wednesday, 30 January 2013
After having reported a pretty strong results for 2012, Swedbank is promising to shower its shareholders with cash in the way of increased dividends. This has made the Swedish Finance Ministers, Anders Borg to raise his eye bows.

How the Swedish job market policy failed - Work permits given to areas where there is already pressure on the job market

Tuesday, 29 January 2013
The Swedish government was trying to balance up the job market and encourage the expansion of area where there are skill shortages with work permit program from outside the EU. It turns out that instead, work permits have been given to immigrant worker in skill sets that already have pressure in the country.

Christmas retail sales in Sweden disappoints

Tuesday, 29 January 2013
For the first time in 17 years Christmas sales in Sweden produced reached a disappointing side of the analysis as fewer shopping days and autumn mass job losses took the air out of Buying spree.

Fruits and vegetables play great role in reducing cancer risk

Tuesday, 29 January 2013Fruits
A diet with plenty of fruit and vegetables does not affect the risk of breast cancer in general. However, women who eat a lot of vegetables lowered risk of a less common but more severe form of breast cancer that does not need the hormone estrogens to grow.

Swedish far right party continues to grow as it recruited most new members.

Monday, 28 January 2013
Sweden Democrats and the Left Part are the only parliamentary parties in Sweden receiving more membership registration, according to a news media review. All the other parties will continue to lose and the Greens are reported to have lost the most members. (Imag: Swedish coalition government)

Slower growth rate for Swedish household loans

Monday, 28 January 2013
The Swedish Monetary financial institutions’ (MFIs) say that Swedish household loans increased at an annual rate of 4.5 percent. This is lower than in November when the growth rate was 4.6 percent, thus a slight fall.

Swedish researchers failing to benefit from important research collaborations in the emerging economies

Monday, 28 January 2013
Swedish researchers are failing to cooperate with strong and emerging vital research countries such as South Korea and Singapore.



Chalmers Technology University Sweden, leads massive EU project for a new super material Monday, 28 January 2013
A project on the development of graphene led by Chalmers technology University, Gothenburg, Sweden  is one of the EU's two future 'technology flagship "and the technology institution can expect billions.


Sweden and the USA to exchange bank account information

Monday, 28 January 2013
Sweden wants to get information about its subjects living in the USA with green card in a deal to be signed with the USA following a US approach to target its citizens ferrying their untaxed earnings abroad.

Board Member of the Swedish central bank, the Riksbank would be happy to see Sweden with more Tools to Cap Household Debts

Friday, 25 January 2013
A board member of the Swedish central bank, or the Riksbank, Kerstin af Jochnick, on Friday said that the country needs an efficient framework for macro-prudential supervision that would improve the Riksbank's ability to meet its main objectives: price stability and financial stability. Read more from Dow Jones Newswire

Changing Swedish jobs market with a more dynamic labour participation

Friday, 25 January 2013
It looks like the Swedish labour market is becoming more dynamic with increasing participation of the elderly and immigrants. If the report presented by Swedbank, based on a survey the bank commissioned in accurate, then the Swedish labour market is really changing.

UK 4th quarter GDP falls 0,3 percent

Friday, 25 January 2013
An economy that is carrying out intense austerity cuts and yet boasts of creating more jobs. Why is that economy not growing? This comes from figures out today, which show that the UK GDP fell 0.3 percent in the fourth quarter. Read more from the BBC

Fall in private traffic into Goteborg and increase in Bus travel as congestion charge works

Thursday, 24 January 2013
Congestion tax in Gothenburg has had a greater impact than expected. The number of passengers on pubic transport such as buses has increased by 30 percent since January, according to latest data.

Nokia scrapping dividend in order to create resources for Lumia survival

Thursday, 24 January 2013
The Finnish mobile phone giant Nokia, reports a profit before tax of EUR 375 million for the fourth quarter of 2012. That compares with a loss of EUR 974 million to the corresponding period of 2011. The Board of Directors proposes that no dividend to shareholders should be paid compared with last year's dividend of EUR 0.20 per share. Detail from Reuters

Finnish far right leader, Timo Soini wants EU referendum in Finland too

Thursday, 24 January 2013
British Prime minister, David Cameron's speech yesterday about the possibility that the UK could vote via a referendum in 2017 to leave the EU has been welcomes by far right leaders in Sweden and Finland. In Finland the leader of the True Finn Party (Pictured) also want an in /out referendum.
Big "tax Evasion" in Norway among many companies.
Wednesday, 23 January 2013
Six out of ten companies operating in Norway pay no taxes, according to figures from the Norwegian Tax authority.

Cameron to call for British people to decide whether to stay or leave the EU

Wednesday, 23 January 2013
British Prime Minister, David Cameron suggest that by 2015 if his party wins the election, the British people will decide via referendum on whether the UK should be in the EU or not in 2017, Read more from Rueters


Sweden received more immigrants from EU crisis countries

 Wednesday, 23 January 2013
Sweden last year received more than 5000 immigrants for the crisis countries of the EU states as the better Swedish economy looked like a magnates for jobs seekers from other parts of the EU.

New method could lower blood pressure - research and testing show

Tuesday, 22 January 2013
A plastic tube surgically inserted in a new surgical procedure at Sahlgrenska University Hospital in Gothenburg, Sweden show that it can lower blood pressure in those who suffer from too high, a new study and research show.

TV license in Sweden to be extended to Computers and tablets to be instituted in Sweden soon

Tuesday, 22 January 2013
Sweden is looking for a way to design a special separate tax for people who view television programs via their PC and related tools.

Meat tax proposed in Sweden to reduce heavy meat consumption and improve sustainability

Tuesday, 22 January 2013
The Swedish board for agriculture is proposing seeking the government to imposing taxes on beef in order to reduce the amount of beef consumed in Sweden. But the Swedish finance minister, Anders Borg believe that taxing beef is a lame idea.

British Prince Harry shot at Taliban insurgents while at work in Afghanistan

Tuesday, 22 January 2013

Prince Harry shot at Taliban insurgents during as he toured Afghanistan as a normal Army helicopter pilot. The prince, whose five-month deployment to the country ended spoke to journalists and a documentary was broadcast last night on channel 4.

Sweden's first ever black minister, Sabuni, Leave her post in the government

Monday, 21 January 2013
Sweden's first ever black (African) Minister, Nyamko Sabuni of the Swedish People's Party, has decided to finally leave the government. The Gender and Equality Minister and former Deputy Minister of Education has left the government at his own request, according to a press release. She also leaves his seat in parliament.

Spectacular increase in Tax  avoidance by big business in the UK - Reuters

Monday, 21 January 2013
The UK tax authority said the amount of tax that big companies may have underpaid by using artificial intercompany transactions to inappropriately reduce taxable profits has risen 48 percent last year, reports Reuters

Looks like Google paid low taxes in Sweden - Skr944 000  and there is outcry on big companies here

Sunday, 20 January 2013google
The Swedish Finance Minister, Anders Borg is considering tightening roles on the Swedish tax system that has traditionally favoured big companies such as Facebook and Google, which have in most cases "avoided paying their fair share in taxes".

Two Norwegians caught in the Algerian saga released last night - on their way home right now

Saturday, 19 January 2013
Two Norwegian, Statoil workers caught in the Algerian hostage saga are safe  and are on their way home to Norway, Statoil's CEO Helge Lund said at a press conference Saturday morning. But there are reports also that six Norwegians are still not accounted for.

Gradual shift in Swedish public perception in its military preparedness - more people support the country joining NATO

Friday, 18 January 2013
More Swedish people are lending their support to the country joining the North Atlantic treaty organisation's military wing as increase debate about Swedish position in the organisation and the look of the Nordic military alliance force people to start rethinking Swedish military co-operation strategy.

The Swedish train crash might have been an accident and accused woman could have been innocent

Friday, 18 January 2013
The train, which crashed in a house in Sweden on Tuesday, which we reported, has now been analysed and it turn out that it might have been cause not by the woman but accidentally.

Many Swedish firms plan to reduce workforce as external and internal economic situation remains gloomy

Friday, 18 January 2013
Close to one in four companies have put staff reductions at the top of the list of actions to reduce costs in 2013, a report from the Swedish daily, Dagens Nyeheter show.

Swedish defence likely to buy 60 new fighter jets making it the biggest military deal in modern times

Thursday, 17 January 2013
One of the largest defence business is what has been described the Swedish government's intention to provide its Armed Forces with  60 new fighter jets of the type JAS Gripen 39 E,  and also that called super-JAS from Saab.

Algerian hostages forced to wear Bomb belts, The Norwegian authority calls for safe return of their citizens

Thursday, 17 January 2013
Several of the hostages held by Islamists in Algeria are reported to have been forced to wear bomb belts or explosive around their waists to prevent security forces from storming the facility and rescuing them.

Finland PM Calls for Investor Bailins, not Euro Area Bailouts for Banks

Wednesday, 16 January 2013
Banking crises should be dealt with by making bondholders forfeit part of their investment in struggling financial institutions  and euro-zone bailouts should only be used in "rare and exceptional" cases, Finland's Prime Minister Jyrki Katainen said in an interview Wednesday, reports Dow Jones News

Increased risk of blood clots in IVF pregnancy

Wednesday, 16 January 2013
Women who get pregnant with the use of in vitro fertilization are at an increased risk of blood clots. Drugs used to stimulate the ovaries to produce more eggs than normal stay in the woman's body into pregnancy and may be responsible for the increased risk of blood clots, researchers from Sweden's Karolinska Institute have said.

Child poverty claims in Sweden by charities exaggerated, a media research show

Wednesday, 16 January 2013
Child poverty in Sweden is said to be driven by over zealous children's rights organizations and thus present exaggerated figure of poverty when it is likely that child poverty in Sweden is not as severe as they depict.

Extensive damage to E4 after massive crash yesterday

Wednesday, 16 January 2013
After the massive traffic accident that occurred on the Tranarpsbron (Bridge) between Åstorp and Eastern Ljungby yesterday, closer to the Öresund Bridge towards Denmark, where one person was killed and 46 injured, it also affected the structure of he bridge and road surface. It reported that it would take some time before the road area is open.

Swedish government considering joining NATO in response to Secretary General, Anders Fogh Rasmussen reaction to Swedish defence strategy

Tuesday, 15 January 2013
The Swedish government is considering applying for membership of the NATO Response Force as part of maintaining continued interoperability, Swedish defence officials have made clear.

Governor of Swedish central Riksbank, Stefan Ingves calls for change in Mortgage payment models

Tuesday, 15 January 2013
The Governor of the Swedish central bank, the Riksbank, Stefan Ingves has called for the consideration of considers mandatory amortization requirements on the mortgage if banks do not take responsibility. The aim is to call for a rule change in the down payment of mortgages.

Swedish house prices rose last year - but by how much.

Tuesday, 15 January 2013
Swedish house prices rose last year with the largest increase in the major cities as once more it became more expensive to buy a home in Sweden last year. The prices of condominiums increased by eight percent in 2012 and other houses - detached and semi-detaches increased by two percent.

Credit rating agency, Standard & Poor's praises Finland with top credit rating

Monday, 14 January 2013
Credit rating agency, Standard & Poor's raises its outlook for Finland's credit rating to stable from negative earlier. It therefore returns Finnish outlook to stable and maintained its AAA rating, according to various media reports.

Growth of industrial espionage and spying on Swedish strategic establishments

Monday, 14 January 2013
Industrial espionage and spying in Swedish strategic industries is said to be on the increase again. Swedish companies and research institutions are seeing increases in attempts to seek access to vital data by unauthorised people, using unconventional methods.

Lots of Jobs in Finland in these areas

Monday, 14 January 2013
Are you looking for a career? Are you struggling for a career and fell that you will not get the career you need. Are you an EU citizen, there are many jobs in Finland in these sectors.
Seeking jobs here gives you a better change of getting one
Finland resistant to Nordic defence pact
Monday, 14 January 2013
Sweden's wish to see closer defence cooperation in the Nordic region but that seems to be heading for the failure as Finland increases it resistance to a Nordic defence pact, which would have led to a much closer co-operation.

More electric cars on Swedish roads than ever before

Monday, 14 January 2013
Never before have there been so many electric cars on Swedish road as today. Latest figures out today from the Swedish Transport Agency show that in 2012 there were a record number of new registrations of electric cars - more than would have been thought.

Facebook is paid an estimated Skr770,000 in taxes in Sweden though it is grumbled that the company earned more that it paid for as taxes

Sunday, 13 January 2013
Swedish officials are grumbling that it is not known how much money American social media site, Facebook is making in Sweden. But it is held that the company comfortably paid some Skr770,000 as taxes in Sweden 2012.

Skype Founder Browses Globe for Next Tech Earner - Feels that the next big thing lies in the emerging economies - CNBC

Monday, 14 January 2013
Niklas Zennstrom, co-founder of internet phone service Skype, believes the next hot tech business will just as likely spring from Istanbul or Sao Paolo as from Silicon Valley or the coolest districts of London or even Sweden. And he is prepared to fly around the world to find it, reports Rueters/CNBC

Former Volvocar CEO, Stefan Jacoby was fired while on his hospital bed without explanation.

Friday, 11 January 2013
The heat and political in - fighting within the top management region of Volvocars Corporation was exhibited recently when the former CEO, Stefan Jacoby was fired while lying sick in the hospital.

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.

Fears that Norway is paying a heavy price for its oil boom as the economy looking like over heating

Thursday, 10 January 2013
Norway's oil investment  boom is set to continue in 2013 but is showing signs of overheating, with higher costs and frequent delays, consulting firm Wood Mackenzie said Thursday, reports DowJones News.

Obama administration warns Britain to stay in the European Union

Thursday, 10 January 2013
The Obama administration has publicly indicated that it wants Britain to retain an influential role in the European Union. Philip H Gordon says Britain risks damaging its relationship with America and being sidelined in the international community if it leaves the EU read more below
Peter Norman criticized for coming late on TeliaSonera scandal
Thursday, 10 January 2013
Mr Minister, where have you been since it became known that TeliaSonera was involved in a scandal of bribery and corruption in Uzbekistan?  These are question being thrown at Swedish Minister for Financial Markets, Peter Norman in a way of criticism from other Swedish politicians for his inaction on Telia when the scandal broke.

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.

Business chiefs in the UK warn Cameron of EU exit dangers - Reuters

Wednesday, 09 January 2013
British Prime Minister, David Cameron will damage Britain's fragile economy if he demands major changes that could threaten the country's relationship with the European Union, business leaders said on Wednesday, reports Reuters.



Shot armed jewellery Robber on Sodertalje, in Stockholm dies

Wednesday, 09 January 2013
The Stockholm police reports that one of the jewellery-armed robbers who attempted to steal jewelleries in Södertälje, in Stockholm has died. The police shot him in the head when they attempted to steal from a dealer last Friday.

Smuggled garlic for millions - a surprisingly new thing

Wednesday, 09 January 2013
Two British nationals are suspected of having smuggled garlic for at least €10 million, nearly Skr90 million, a surprisingly news product to emerge as a smuggling favourite.

Weak Finnish GDP
Wednesday, 09 January 2013
Finland's GDP fell by 0.7 per cent in October 2012 compared with the same month the year before, according to the GDP indicator from Finland's statistical authority.

Swedish economy is really hurting as fears of continued job looses drag on

Tuesday, 08 January 2013
The Swedish economy continues to hurt and especially the job market is seeing more pain. The Swedish job market has been complex for many years and this complexity is being strengthen today by a "tiger economy" that lost its running strides.

Swedish Bankruptcies rose in 2012 and the future still looks bleak

Tuesday, 08 January 2013
The level of Swedish corporate bankruptcies reached 10 percent more in 2012 than in 2011, data from credit information company UC out on Tuesday show. The future of the Swedish corporate sector, especially the smaller and medium size companies still look bleak.

The British pound sterling likely to struggle as the British current account deficit just keeps on growing

Tuesday, 08 January 2013
We thought that Britain was already in crisis but some observers are asking if the UK is heading for a crisis this time a currency one. The British Telegrah reports the concern for the future of the British Pound


Record drug seizure in Skåne, southern Sweden - 150 kg of amphetamines

Tuesday, 08 January 2013
The Swedish police has made its largest ever seizure of amphetamines in recent years with a large haul in a truck in Helsingborg, southern Sweden.

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.