• Sweden edition

Agency denies inflating China deal job figures

Published: 13 Jun 2011 10:19 GMT+02:00
Updated: 13 Jun 2011 10:19 GMT+02:00

As Sweden's official investment promotion agency reporting to the foreign ministry, Invest Sweden provides a range of services to to foreign companies interested in doing business in Sweden, including the establishment of partnerships that are supposed to help create jobs in Sweden.

The agency, which receives some 60 million kronor ($9.4 million) from the government each year, claims it has created some 600 new jobs in Sweden thanks to a number of strategic alliances, including 66 deals with companies from China since 2008.

However, according to a report in Svenska Dagbladet (SvD), the number of jobs attributable to the agency's efforts is only about 10 percent of that figure.

In one example Invest Sweden claimed it had fixed 400 new positions at Volvo Cars as a result of helping broker the sale, via its sale of the Swedish automaker to Chinese firm Geely.

General Director Per-Erik Sandlund highlighted the new positions in the Invest Sweden annual report.

However, according to Volvo spokesperson Per-Åke Fröberg, not a single new job was created as a result of the Volvo-Geely tie-up.

“We are not aware of this” he told SvD.

“The fact that Volvo got new owners in 2010 did not create any new jobs in itself. We don’t really know what Invest Sweden mean when they talk about 400 new jobs.”

Invest Sweden spokesperson Loth Hammar told the newspaper the figures came from a "careful estimate" carried out be the agency.

It is not the only case where Invest Sweden has seemed to artificially boost its influence.

In 2009, Beijing Autos concluded a deal with Saab Automobile, creating 100 new jobs, according to the agency.

However, according to Saab spokesperson Gunilla Gustavs, the deal only led to a few "temporary" positions and "not a single full time job".

Invest Sweden, however, took issue with how their figures were reported by SvD and denied claims it had inflated the number of jobs created by the investments it helped broker.

“We are disappointed with SvD because we have worked hard to get them numerous reports and statistics. They have taken just a few of what amounts to many investments, so we do not know how they have come to these conclusions,” Invest Sweden spokesperson Loth Hammar told The Local.

He explained that Invest Sweden doesn't release its own figures, but that the come from investors themselves.

Hammar stressed that SvD had been selective in how it had interpreted the information from Invest Sweden.

“But we are most disappointed that many of our most successful projects, have simply been ignored by these reports," he said, citing a deal which he said created 500 jobs at Chinese telecoms company Huawei.

"It is disappointing when we have worked hard to provide the newspaper with everything they asked for," said Hammar.

The Local/gm (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

18:16 June 13, 2011 by SWOT
The good side of ISA is to bring in capital to enhance the economy. However, ISA is short of ability to follow up the investment. The Chinese SMEs did bring in capital, however there is no where to invest in. Most of the investors has no knowledge about Swedish economy, they have no resource from this country. Even the investors invested into any business, they cannot develop the business due to lack of knowledge of doing business in Sweden. the sectors which are benifited from the investors are the lawyers, accountants, real estate agencies, house owners and restaurants.
Today's headlines
Motorists in sticky drama after jam spill

Motorists in sticky drama after jam spill

Drivers in western Sweden were forced to jam on the brakes after a van shed its load of preserves and juices which led to major traffic problems. READ  

Property of the Week
In Pictures: The Local's Property of the Week
Photo: Fastighetsbyrån

In Pictures: The Local's Property of the Week

Why settle for owning a house when you can own part of the island it is located on? This week's property allows you to get your money's worth of solitude while spending some time with your closest neighbour - the sea. READ  

Saab buys Swedish submarine shipyard
File photo: TT

Saab buys Swedish submarine shipyard

Swedish defence and aeronautics group Saab said Tuesday it had completed the acquisition of German heavy industry giant ThyssenKrupp's submarine shipyard in southern Sweden. READ  

'The Danish narrative on Sweden is based on a lie'
File photo: Shutterstock

'The Danish narrative on Sweden is based on a lie'

There is a popular narrative that in Sweden people bite their tongues while in Denmark they speak their minds; political commentator Brian Esbensen debunks this, arguing that Danes simply find it easier to criticize others. READ  

Swedish cops elect not to shoot 'angry elks'

Swedish cops elect not to shoot 'angry elks'

After reports that wandering elks were scaring the public, police on the island of Frösön have decided not to open fire on the animals, but have urged locals to exercise caution instead. READ  

Swedish funds to tackle female genital mutilation
Sweden's Minister of International Development Cooperation Hillevi Engström with Foreign Minister Carl Bildt. File photo: TT

Swedish funds to tackle female genital mutilation

Sweden has earmarked 48 million kronor ($7 million) of its development aid budget to a United Nations programme to tackle female genital mutilation. READ  

Swedish leaders speak out on Gaza crisis
Photo: TT

Swedish leaders speak out on Gaza crisis

Swedish foreign minister Carl Bildt believes Israel is interested in negotiating a ceasefire with Hamas while Social Democrat leader Stefan Löfven has stood by his comment about the Israelis having a right to defend itself. READ  

New alcohol retail rules threaten micro-breweries
File photo: Systembolaget

New alcohol retail rules threaten micro-breweries

Swedish micro-breweries have reacted with concern to new distribution regulations being imposed by the state controlled alcohol monopoly Systembolaget, which they fear may put them out of business. READ  

ABB and Volvo in electric buses tie-up
Volvo hybrid bus. Photo: Volvo Buses

ABB and Volvo in electric buses tie-up

Swiss-Swedish engineering group ABB and Volvo Buses of Sweden have announced a joint project to develop a system for electric buses to recharge their batteries fast when at bus stops. READ  

'First ever' heat warning issued for Sweden
Photo: TT

'First ever' heat warning issued for Sweden

Swedish weather agency SMHI has issued its first ever warning for high temperatures with the many areas set to bask in plus 30C heat. READ  

People-watching Båstad
Business & Money
Sweden falls to third in global innovation index
Swedish ornithologists keep webcam watch
Photo: Andreas Nordström/Image Bank Sweden
Top ten Swedish beach hot spots
Swedish Wiki vet sets new content record
Blog updates

22 July


"Today (22 July) my Prime Minister, David Cameron, and UNICEF, are hosting the world’s first #GirlSummit in London. The Summit’s aim is to mobilise domestic and international efforts to end the appalling practices of Female Genital Mutilation (FGM) and Child Early Forced Marriage (CEFM). This is a high priority for the UK government and the Prime..." READ »


18 July

Starting over (Around Sweden in a kayak) »

" I’ve now been off the water for almost 14 days. At first I was totally gutted being forced into a rest period, I had Stockholm in my sights and apart from the pain and discomfort in my shoulder, spirits were high and I was starting to gain some momentum. The news hit me fairly hard and..." READ »

Photo: Fastighetsbyrån
In Pictures: The Local's Property of the Week
Photo: Finest.se
People-watching July 15-16
Photo: Ola Ericson/Image Bank Sweden
What's On in Sweden
Photo: Lisa Mikulski
Hope springs eternal for expat pet shop owner
Princess Estelle steals limelight at mum's birthday
Swedes risk infants' lives by covering up prams
Swede runs for office just using Bitcoin funds
People-watching July 11-13
Malmö mayor slams Danish beggar ban
Swedish anti-abortion midwife sues county
Swede's salary chopped for Facebook use
Northern Sweden warmest in 90 years
'Victoria Day': Crown Princess Victoria turns 37
Mona Sahlin to fight extremism in Sweden
EU tells Sweden to cover up snus flavours
Swede snags assassin role in Tom Cruise film
Top ten ways to spend a few days in Malmö
Swedish summer tourism highlights
Sponsored Article
Introducing... Your finances in Stockholm
Sponsored Article
Introducing... Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at: