- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
February 14, 2012
Bankruptcies continue to decline
Published: 8 Mar 10 09:58 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/25402/20100308/
The number of business failures in Sweden declined in February by 21 percent, continuing the positive trend of the last few months, a new report shows.
- Saab administrator: 'the patient is dead' (22 Jan 12)
- Average Swede likes sweets, booze, and TV (19 Jan 12)
- Used Saabs hot property (25 Dec 11)
478 firms went to the wall during the month, a decline of 21 percent on February 2009, according to statistics from UC, Sweden's largest business and credit information agency.
For the year to date, 962 firms have filed for bankruptcy, a decline of 18 percent on the corresponding period of last year.
"The beginning of the year has been positive for most Swedish firms," UC's marketing head Roland Sigbladh said in a company statement on Monday.
The retail sector is showing signs of continued strength, with services and manufacturing declaring greater faith in the future.
Bankruptcies have declined by a third among retail firms and those operating within law, financials, science and technology over the past year.
The construction industry is lagging behind the upswing, according to the UC report while the property sector has been affected by weaker demand. Several export firms have been hit by the recent strengthening in the Swedish krona.
Despite the positive outlook in the first months of 2010 UC writes that the coming spring and summer periods are laced with uncertainty, with some 5,000 companies owing outstanding taxes for 2009.
UC also warned of the effects on private consumption that interest rate rises may bring although any overhanging factors affecting macro economic development are largely outside of Sweden's control, the company concludes.
"Insecurity over a new recession concerns mostly the impact of international factors, as the situation in the Swedish economy is stable," Roland Sigbladh at UC said.
Peter Vinthagen Simpson
news@thelocal.se
+46 8 656 6518
What do you think? Leave your comment below.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter ThisEU to probe Sweden's 'economic imbalance'
Sweden is among twelve countries set to be discussed in a report from the EU commission, due to what the European Commission has identified as imbalances in the economy. READ (7 COMMENTS) »
House prices in Sweden begin upward climb
After observing a slight rise in real estate prices after the first month of 2012, Swedish realtors are hoping that this may be the beginning of a positive trend after last year's plummeting prices. READ »
Swedish recruiters check jobseekers on the net
40 percent of recruiters are checking potential employee’s social networking pages during the hiring process, a figure which has shot up from last year, according to a recent report. READ (3 COMMENTS) »
Narcolepsy victims in new compensation bid
Families of children in Sweden suffering from narcolepsy caused by vaccination for the swine flu can expect some form of compensation, Swedish health minister Göran Hägglund said on Sunday in response to new calls for help from parents. READ (1 COMMENT) »
Saab shares dive despite strong 2011 report
Swedish defence group Saab on Friday reported a major boost in earnings for 2011 thanks to winning several major contracts, but a drop in orders left investors jittery, sending Saab's stock price down nearly 10 percent. READ (3 COMMENTS) »
Mats Sundin in massive kid's health research gift
Mats Sundin, the ex-Swedish hockey great, has made a donation supporting research into children's health at Karolinska Institutet in Stockholm and the University of Toronto. READ (5 COMMENTS) »
H&M under fire over Cambodia mass faintings
H&M has been criticized for choosing not to attend a hearing to highlight poor conditions for textile workers in Cambodia, where hundreds of employees at a plant run by the Swedish fashion giant mysteriously passed out in August. READ (6 COMMENTS) »
SAS earnings hit by Spanair bankruptcy
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday. READ (2 COMMENTS) »
Saab to cut Swiss Gripen fighter price: report
Swedish defence group Saab have announced that it will cut the price on its Gripen fighter jet to secure its Swiss order after a threat by French planemaker Dassault to undercut them. READ (6 COMMENTS) »
Few Swedes ready to work until they're 75: poll
An overwhelming majority of Swedes disagree with Swedish prime minister Fredrik Reinfeldt's suggestion that workers should be ready to stay on the job until they are 75, a new poll shows. READ (34 COMMENTS) »
- 07/02 US ISPs block hacker probes: Swedish police (5 comments) »
- 06/02 Kinnevik in bid to buy up publisher Metro (2 comments) »
- 06/02 Fire brigade slammed for 'renting out' rooms (2 comments) »
- 03/02 New bidder in the Saab saga shows its hand (8 comments) »
- 03/02 Volvo group announces record sales for 2011 »
- 03/02 TeliaSonera reports profit drop for 2011 »
- 02/02 Electrolux profits plunge amid weak demand »
- 02/02 AstraZeneca job cuts hit Södertälje hard (8 comments) »
- 02/02 Europe's banks set for years of 'shrinkage': Borg (2 comments) »
- 01/02 'Underclass-safari' post lands official in trouble (1 comment) »
20 things to know before moving to Sweden
As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
How far can English take you in Sweden?
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
| 14/02 | Business oriented Legal Counsel to Klarna Klarna AB |
Stockholm |
| 14/02 | Quality Manager Volvo information Technology AB |
Göteborg |
| 14/02 | Software Engineer (.NET) - Limited Contract Monster |
Prague |
| 14/02 | Build Master Volvo information Technology AB |
Göteborg |
| 14/02 | YOUNG TALENT PROGRAM - AUTOMATION ENGINEER FOOD PROCESSING Tetra Pak |
Lund |
| 14/02 | Key Account Manager Food Borregaard |
Sarpsborg |
| 14/02 | System developer within Q&A (Java och C) in Mid Sweden Qwork AB |
Karlstad |
| 14/02 | Regulatory Affairs Associate Poolia AB |
Göteborg |
| 14/02 | IT Development Graduates Danske Bank |
Copenhagen |
| 14/02 | Channel Marketing Campaign Manager/Specialist - B2B SAP |
Stockholm |
- 14/02 Investor confidence tops 10-month high »
- 14/02 OECD sees German growth slowing in 2012 »
- 13/02 Deutsche Bank 'to pay €800 mln' in Kirch case »
- 13/02 Greece leaving the euro not so scary - Germans »
- 10/02 Berlin defies EU over copyright deal »
- 10/02 Germans don't trust Greece to tighten belt »
- 09/02 Tourists flock to Germany in 2011 »
- 09/02 Daimler books record €6-billion profit »
- 08/02 Exports top €1 trillion despite euro crisis »
- 08/02 GM threatens major job cuts at Opel »
- 13/02 Looking for a long term appartment
- 13/02 Babysitter
- 13/02 flat or room available
- 13/02 Party Photographer
- 13/02 Apartment Near Arlanda
- 13/02 Apartment Needed Immediately
- 22:52 SFI - personal number loop...
- 22:45 E-Mail replies from Swedish Businesses
- 22:40 Driving on Autobahn
- 22:13 Where do you live?
- 22:13 Big Fat Gypsy weddings
- 19:17 Upper abdominal pain
- 18:20 Need to replace windows
- 18:05 Women drivers & safety
- 16:58 Volunteering in Sweden
- 16:01 What is death?
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
The new Online Tennis Store with the largest selection of Babolat Products in Sweden
http://www.babolatshop.se
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the swedish and the international market.
www.swedishdowntown.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.