Sweden edition

Finance

The following articles have been tagged with "Finance":

'Wanted: easily trained Swedish woman'

Society: 18 May 12
A job ad for a personal assistant for a 35-year-old man who wanted an "easily trained" woman and was prepared to offer a clothing allowance, has been pulled due to a flood of applications from women eager to fill the position. READ »

Problem of profiting ex-politicos not simply money, money, money

Analysis & Opinion: 18 May 12
Abba's famous refrain fails to capture the true cause for concern when Swedish politicians leave government to fatten their wallets in the private sector, argues commentator and historian David Linden. READ »

IMF warns Swedish economy 'vulnerable'

Business & Money: 16 May 12
The growth of the Swedish economy is vulnerable due to its exposure to weak European economies, International Monetary Fund wrote in a report released on Tuesday. READ »

Bildt: next French leader faces 'wake up' call

Politics: 6 May 12
Swedish Foreign Minister Carl Bildt called on the French presidential election front-runner Francois Hollande on Saturday to take account of European economic conditions if he wins the second round of voting. READ »

Left Party helped kids 'hit politicians in the face'

Politics: 4 May 12
Sweden's Left Party has come in for criticism for allowing young children to take whacks at the faces of centre-right government ministers at the party's recent May 1st festivities. READ »

State-funding for 'fare-dodgers' sparks outrage

Society: 3 May 12
The Swedish Arts Council has come under fire for providing public funds to help an organization that encourages Swedes to dodge paying fairs on public transit systems around the country. READ »

Sweden, UK team up for EU bank rules battle

Business & Money: 2 May 12
Sweden teamed up with Britain and other eastern European allies in a showdown Wednesday against other EU states led by Germany and France over rules to protect banks against any crisis. READ »

Ex-minister snags top Swedish banking job

Business & Money: 2 May 12
Ex-Social Democrat minister Thomas Östros will be the new head of the Swedish Bankers' Association, it was revealed on Wednesday. READ »

Armed Forces degrees go 'unused' by students

Education: 2 May 12
The doctoral programme in the Swedish Armed Forces has come under fire after the 220 million kronor ($32.7 million) project has only resulted in two working graduates since the programme’s inception in 1992. READ »

Sweden’s defence 'not fit for battle': expert

Business & Money: 30 Apr 12
Sweden’s armed forces would not be able to defend Sweden should the need arise, according to experts, who point to the lack of protection against radiation, chemical and biological warfare, and the needs for field hospitals and helicopter training. READ »

Stockholm suicide bombing trial begins

National: 30 Apr 12
Nazzedine Menni, the student who allegedly helped plan the suicide bomb attack in Stockholm in 2010, stands trial in Glasgow on Monday for what is anticipated to be a 12 week court case. READ »

'Foreign ministry refused to abandon Saudi deal'

Business & Money: 26 Apr 12
The former head of the Swedish Fortifications Agency wanted to stop the cooperation with the Saudi regime as early as 2000, but says she was told no by the Swedish foreign ministry. READ »

How studying at Stockholm can lead to a great Swedish career

Education: 24 Apr 12
When Han Zhang came from China to study a Masters at Stockholm University in 2009, it put her on the path to a career at a top Swedish law firm. She is one of many overseas students for whom studies in Stockholm have led to careers in Sweden. READ »

'United States losing its global influence': Borg

Politics: 23 Apr 12
Sweden's finance minister Anders Borg warned at the weekend that the United States' position as a leader on the global economic stage was at risk due to its failure to strengthen an IMF crisis fund. READ »

Sweden unveils new defence minister

Politics: 18 Apr 12
Prime minister Fredrik Reinfeldt presented Moderate Party MP Karin Enström as Sweden's new minister for defence on Thursday following the resignation last month of Sten Tolgfors amid an ongoing Saudi arms deal scandal. READ »

Sweden slashes 2012 growth forecast

Politics: 16 Apr 12
The Swedish economy is set for a major slowdown in 2012, according the spring budget presented on Monday by finance minister Anders Borg, who warned for the "downside risks" amid the continued economic uncertainty. READ »

Homeless Swede wins tent subsidy battle

Society: 11 Apr 12
A homeless Stockholm man has been granted a subsidy from local authorities to purchase camping equipment rather than stay in the “substandard” temporary accommodation provided for homeless people. READ »

Scandal made Tolgfors's position 'untenable'

Analysis & Opinion: 30 Mar 12
While it's too early to say exactly why Swedish defence minister Sten Tolgfors resigned on Thursday, experts say there is little doubt his departure amid mounting revelations about Sweden's secret arms' deal with Saudi Arabia has delivered a serious blow to the government. READ »

Spy agency cash used for Saudi arms plant: report

Business & Money: 27 Mar 12
The shell company set up to carry out Sweden's secret plans to build a weapons factory in Saudi Arabia was financed with cash borrowed from the country's military intelligence agency, according to a new report. READ »

Fraudsters use loot to go on stamp-buying binge

Business & Money: 26 Mar 12
A man and a woman from Sundsvall in northern Sweden are under suspicion for skimming bank cards of hundreds of thousands of kronor and buying postage stamps for the money. READ »

An expat's guide to retirement planning in Sweden

Business & Money: 26 Mar 12
Saving for your financial future has never been more important - particularly for expatriates. But what options are open to you in Sweden? READ »

Sweden's 'immigrants' find Big Apple success

Analysis & Opinion: 20 Mar 12
Frustration with being shut out of the Swedish job market has prompted several Swedes with immigrant backgrounds to seek – and find – success in the melting pot that is New York City, contributor Rafaela Stålbalk discovers. READ »

Borg 'unhappy' over youth employment record

Politics: 17 Mar 12
Swedish finance minister Anders Borg forecast on Saturday that youth unemployment will be the major issue in the 2014 election, expressing dissatisfaction over how government labour market programmes are working. READ »

Swedish ministers profit from Lundin: report

Business & Money: 13 Mar 12
Over half of Sweden’s government ministers have shares in investment funds that put money into Sweden-based oil giant Lundin Petroleum, a new report has revealed. READ »

US ambassador: change Swedish VAT rules

Business & Money: 12 Mar 12
Foreign diplomats in Sweden suffer undue "frustration" due to "cumbersome" rules related to value added taxes, according to the US ambassador to Sweden, who has written to finance minister Anders Borg urging changes. READ »

Minister knew of Saudi arms factory: report

National: 9 Mar 12
Defense Minister Sten Tolgfors admitted on Friday that he was informed two years ago about plans to build an arms factory in Saudi Arabia, despite denying these claims throughout the week. READ »

Why Sweden has had a good crisis

Analysis & Opinion: 2 Mar 12
Stockholm University professor Lars Calmfors explains why Sweden has so far escaped relatively unscathed from the financial crisis - and how the latest bout of uncertainty might affect the economy. READ »

Swedish economy hit by eurozone troubles

Business & Money: 29 Feb 12
Sweden's economy contracted in the last quarter of 2011, shrinking by 1.1 percent compared to the previous quarter and showing the export-dependent economy's vulnerability to the eurozone crisis. READ »

Saab climbs on new list of global arms dealers

Business & Money: 27 Feb 12
Swedish defence contractor Saab has moved up in a ranking of the world's 100 largest defence companies published Monday by a Stockholm-based think tank which found global arms sales increased to $411.1 billion in 2010. READ »

Löfven presents his ‘shadow government’

Politics: 24 Feb 12
New Social Democrat leader Stefan Löfven on Thursday presented the team he calls his new “shadow government”, featuring both new and old names. READ »

'Inertia' of Swedish model bashed by firms

Business & Money: 19 Feb 12
Swedish companies want to reform the Swedish labour market in order to boost competitiveness, and hope to adopt the euro, according to their representatives. READ »

Sweden cuts repo rate further amid 'uncertainty'

Business & Money: 16 Feb 12
The Riksbank cut Sweden's benchmark interest rate by a quarter point to 1.5 percent on Thursday, as slower growth in the euro area took its toll on Sweden's economic prospects. READ »

EU to probe Sweden's 'economic imbalance'

Business & Money: 14 Feb 12
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 »

Hackers mount Swedish government cyber attack

Science & Technology: 4 Feb 12
The "hacktivist" group Anonymous claimed responsibility for a cyber attack on the websites of the Swedish government on Saturday as part of protests against anti-piracy regulations. READ »

Europe's banks set for years of 'shrinkage': Borg

Business & Money: 2 Feb 12
Swedish finance minister Anders Borg warned that Europe's financial sector was headed for a decade of tough reforms that would leave it much smaller, but more robust. READ »

Swedish schools aim to ditch books by 2013

Education: 1 Feb 12
The Stockholm suburb of Sollentuna plans to get rid its schools of text books entirely by next year in favour of tablet computers like the iPad, but Sweden’s education remained sceptical about the proposal. READ »

Sweden gets a seat at the eurozone table

Business & Money: 31 Jan 12
Sweden will participate in the eurozone pact on fiscal discipline, according to prime minister Fredrik Reinfeldt, who claims that all Sweden's demands for joining have been met. READ »

Sweden can back eurozone pact: Riksdag

Business & Money: 27 Jan 12
The Riksdag's EU affairs committee on Friday gave the go ahead to the Swedish government to support the eurozone budget pact at next week's EU summit, provided certain conditions are met. READ »

Social Democrats drop eurozone pact opposition

Politics: 26 Jan 12
The Social Democrats on Thursday dropped their longstanding opposition to Swedish participation in the eurozone pact on fiscal discipline, after reaching an agreement with the government of Fredrik Reinfeldt. READ »

Social Democrats plumb new poll depths

Politics: 22 Jan 12
As the Social Democrats begin the search for a new leader after Håkan Juholt's resignation, an opinion poll conducted prior to the dramatic events on Saturday show the party at its lowest ebb since the 1960s. READ »

Foreign applications to Swedish unis rebound

Education: 19 Jan 12
The number of foreign students applying to masters programmes at Swedish universities is on the rise, according to preliminary figures, following last year's precipitous drop in foreign applicants. READ »

Swedish docs deny transsexual's boob job

National: 18 Jan 12
A Swedish transsexual has reported three plastic surgery clinics for discrimination after repeatedly being turned down for breast implant surgery following a sex-change operation. READ »

Social Democrats affirm eurozone pact opposition

Business & Money: 18 Jan 12
The Social Democrats remain opposed to having Sweden join the eurozone stability pact, while the Centre Party said on Wednesday it supported the deal "with conditions". READ »

Juholt remark sparks political squabble

Politics: 17 Jan 12
Social Democrat leader Håkan Juholt once again landed himself in hot water after saying that the government had “pushed through” defence policies with the help of the Sweden Democrats. READ »

Ex-minister: financial transactions tax 'failed'

Business & Money: 15 Jan 12
In light of the current European debate on a financial transactions tax, former Swedish finance minister Bo Lundgren has spoken out about Sweden's "very negative" experience of implementing the tax in the 1980s. READ »

Bildt: euro stability lessened crisis impact

Business & Money: 13 Jan 12
The impact of the global financial crisis would have been worse on the EU the euro had not provided the necessary monetary stability, Swedish foreign minister Carl Bildt said on Thursday. READ »

Sweden boasts hefty budget surplus for 2011

Business & Money: 10 Jan 12
Sweden’s national debt office stated on Tuesday that the country’s budget surplus from 2011 stood at 68 billion kronor ($9.85 billion). READ »

Ministry official fired over dodgy massage parlours

Society: 10 Jan 12
A high-ranking civil servant in Sweden's defence ministry has been sacked after it was revealed he was involved in running several Thai massage parlours on the side. READ »

Borg 'most popular' minister in Sweden: poll

Politics: 3 Jan 12
Sweden's Minister of Finance, Anders Borg, scored the highest in a recent poll when Swedes had their say on which ministers they like the best. READ »

Raoul Wallenberg – Sweden's Not-So-Favourite Son

Analysis & Opinion: 2 Jan 12
The Swedish government has announced that it will designate 2012 as the official "Raoul Wallenberg Year" and the honour is more than deserved, according to historian Susanne Berger. READ »

What's going to happen in Sweden in 2012?

Analysis & Opinion: 30 Dec 11
With 2012 just around the corner, The Local wants to to hear from readers about what they think will be making news in Sweden in the year ahead. READ »

Sweden's five biggest news stories of 2011

Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year. READ »

Sweden's growing wealth gap 'troubling': Borg

Business & Money: 29 Dec 11
Figures showing financial improvements for Sweden's middle and upper classes, at the same time the country's poorest have seen their incomes decline have given finance minister something to fret about. READ »

Swedes' disdain for the euro hits new heights

Analysis & Opinion: 27 Dec 11
The debt crisis plaguing the eurozone has left Swedes loving their cherished krona more than ever, a sentiment shared by non-euro country Denmark as well, as both struggle to keep the euro's woes from hurting their own economies. READ »

Dodgy booze bill leads to Swedish lobbyist probe

Business & Money: 27 Dec 11
A tax-financed lobbying organization in western Sweden is under investigation after it was revealed that the group's sizeable liquor bills were being processed through a subsidiary in Brussels. READ »

Change banks without changing account numbers: minister

Business & Money: 22 Dec 11
Letting Swedes hold on to their account numbers when switching banks is one way to put pressure on banks thought to be gouging customers with high mortgage rates, financial markets minister Peter Norman said Thursday. READ »

Sweden cuts interest rate amid eurozone worries

Business & Money: 20 Dec 11
Sweden's central bank cut the country's benchmark interest rate by 0.25 percent on Tuesday, at the same time signaling the rate would remain low throughout 2012 amid concerns about developments in the eurozone. READ »

Sweden to support eurozone stability fund

Politics: 20 Dec 11
Sweden agreed on Monday night to help stabilize the euro by pledging to make loans to the International Monetary Fund to strengthen a eurozone bailout fund. READ »

Swedish seniors stay active through exercise

Lifestyle: 14 Dec 11
Swedish senior citizens, some well into their 90s, are staying fit and active by taking up regular exercise even long after reaching retirement age, the AFP's Pia Ohlin reports. READ »

Riksdag approves tighter checks on Royal Court finances

Politics: 8 Dec 11
The Riksdag voted to increase control of the Royal Court’s finances on Wednesday, against the wishes of the government parties. READ »

Borg: ECB has to act on eurozone crisis

Business & Money: 30 Nov 11
Swedish finance minister Anders Borg has called for renewed pressure Wednesday on the European Central Bank (ECB) to stop the euro debt rot from bringing down the global financial order. READ »

Wife jailed for shooting husband in the back

National: 29 Nov 11
A 44-year-old woman in central Sweden has been sentenced to 16 years in prison for murder, after the district court judged her guilty of shooting her husband from behind with a hunting rifle. READ »

'Swedish society forces 'immigrants' to emigrate'

Analysis & Opinion: 28 Nov 11
Swedish society is failing its "immigrants", many of whom, such as football star Zlatan Ibrahimovic, are forced to look elsewhere to build successful careers, social commentator and author Tove Lifvendahl argues. READ »

No foreigners among Sweden's most powerful

National: 25 Nov 11
Sweden's top 100 most powerful people for 2011 are mainly politicians, men -- and Swedish -- according to Fokus Magazine's annual rankings. READ »

Tougher demands for Sweden's biggest banks

Business & Money: 25 Nov 11
Sweden on Friday announced plans to beef up the capital adequacy requirements for the country's four largest banks to help protect the Swedish banking system amid the ongoing eurozone debt crisis. READ »

Borg grabs top spot in Financial Times' ranking

Business & Money: 23 Nov 11
The Financial Times (FT) has elected Swedish finance minister Anders Borg as the best minister for finance in Europe for 2011, news met with scepticism by Borg's Social Democratic opponent, who claimed he would also have won the top spot if he had been finance minister. READ »

Sweden to save millions in new EU budget

Politics: 19 Nov 11
Sweden welcomed the new EU budget agreement reached on Saturday, which will lower Sweden's EU fee by 300 million kronor ($45 million) compared to the government's original estimates. READ »

Abdulwahab 'called Iraq' before Stockholm bomb

National: 17 Nov 11
Taimour Abdulwahab called a mobile telephone in Iraq the same day that he blew himself up in Stockholm, and received 60,000 kronor ($8,800) from backers in Scotland, according to British prosecutors. READ »

Healthcare firm denies letting old man die alone

Business & Money: 15 Nov 11
Healthcare provider Carema, recently ditched by the City of Stockholm after a series of revelations of neglect, has denied reports that staff left a dementia patient to die alone in front of a television. READ »

Sweden acts to curb corporate tax-avoidance

Business & Money: 14 Nov 11
Finance minister Anders Borg announced plans on Monday to close loopholes in the Swedish tax code following criticism that healthcare companies are using complicated schemes to avoid paying taxes in Sweden. READ »

Juholt demands stricter controls of elderly care

Politics: 12 Nov 11
Following revelations about scandal-stricken care company Carema, both Social Democrat leader Håkan Juholt and the Confederation of Swedish Enterprise demand more efficient controls of tax-financed geriatric care. READ »

Nordea CEO: I should have stayed in rented flat

Business & Money: 10 Nov 11
Nordea CEO Christian Clausen has responded to criticism of the bank's purchase of a 22.5 million kronor ($3.4 million) flat for him in Stockholm, as finance minister Anders Borg encouraged outraged customers to change banks. READ »

Borg: Berlusconi guilty of 'short-term populism'

Politics: 9 Nov 11
Sweden's finance minister Anders Borg on Wednesday gave his assessment of the Italian government's role in the EU sovereign debt crisis, accusing outgoing PM Silvio Belusconi of not having taken the situation seriously. READ »

ECB cuts a 'risky' strategy: Swedish expert

Business & Money: 3 Nov 11
Following the news that the European Central Bank unexpectedly cut its prime interest rate, Swedish experts are questioning the strategy, saying it could prove "risky". READ »

Reinfeldt: danger not over for the euro

Politics: 27 Oct 11
Sweden's prime minister Fredrik Reinfeldt has warned that the settlement among eurozone leaders over the writing down of the Greek debt, has not removed the risks facing the single currency. READ »

Riksbank leaves base rate unchanged

Business & Money: 27 Oct 11
Sweden's Riksbank has left Sweden's benchmark interest rate unchanged at 2 percent and has delayed any rises well into 2012, meeting market expectations. READ »

Borg has 'worst' personal finances among Swedish ministers: report

Business & Money: 24 Oct 11
Swedish finance minister Anders Borg, known for lecturing Swedes about the dangers of borrowing too much money, has a mortgage worth more than the value of his home, according to new investigation. READ »

Thai massage parlours in sex trade raids

National: 24 Oct 11
Police and the tax authorities have launched closer surveillance of Thai massage parlours in Sweden, suspecting that the sharp increase in their number indicates sex trafficking and tax evasion. READ »

Juholt support at record low: survey

Politics: 22 Oct 11
Voter confidence in Håkan Juholt is at an all-time low following the recent scandals and allegations over his personal finances. READ »

Wall Street protesters march in Sweden

National: 16 Oct 11
Following a wave of Wall Street protests worldwide on Saturday, raised voices against corporate greed were also heard in Sweden, with demonstrations in Stockholm, Gothenburg, Malmö and several other cities. READ »

Borg: EU debt crisis not just a eurozone issue

Analysis & Opinion: 13 Oct 11
The current debt crisis is a concern for all of Europe, not just to eurozone countries, Swedish Finance Minister Anders Borg tells AFP's Nina Larsson, highlighting the vulnerability of banks and exports in Sweden as an example. READ »

Ministers tout 'Swedish model' to solve European debt crisis

Politics: 12 Oct 11
Swedish foreign minister Carl Bildt and finance minister Anders Borg have argued that a European solution to the debt crisis should draw upon the approach used by Sweden in the 1990s. READ »

Euro crisis a threat to Swedish banks: Borg

Politics: 12 Oct 11
Swedish finance minister Anders Borg warned on Wednesday that Swedish banks were "vulnerable" to the euro debt crisis, despite the country's strong public finances. READ »

Reinfeldt: intensify 'peer pressure' to boost EU growth

Business & Money: 7 Oct 11
Swedish prime minister Fredrik Reinfledt joined his counterparts from Finland and the Netherlands in calling for an ambitious growth agenda and tighter fiscal policies to help combat the deepening euro debt crisis. READ »

Swedes propose EU debt crisis solution: report

Business & Money: 6 Oct 11
Swedish politicians are reported to be behind a proposal to allow the European investment bank (EIB) to play a key role in the rescue of troubled European banks. READ »

Borg: Greek budget plan could 'fall off the rails'

Business & Money: 4 Oct 11
Sweden's finance minister Anders Borg warned on Tuesday that Greece is at risk of missing budget targets demanded by international lenders in return for bailout funds. READ »

Swedish app developers to pay VAT twice

Science & Technology: 1 Oct 11
In a potentially huge blow to Swedish high tech companies, those selling mobile and tablet apps within the EU are set to face a double VAT hit. READ »

The Sweden Democrats - a year in the Riksdag spotlight

Analysis & Opinion: 29 Sep 11
A year has passed since the Sweden Democrats became Sweden’s newest parliamentary party and The Local’s Peter Vinthagen Simpson has a look at what has been achieved, what has not and what has changed. READ »

Stockholm stock market up on Greek tax vote

Business & Money: 28 Sep 11
At the close of trading on Tuesday, the Stockholm stock exchange OMXS index had risen by 5.7 percent on the back of positive news from Greece. READ »

Reinfeldt rejects resignation rumour

Politics: 23 Sep 11
Sweden's prime minister Fredrik Reinfeldt has denied speculation that he intends to resign his post before the general election in 2014, and pave the way for current finance minister Anders Borg to take over. READ »

Budget 'too optimistic': Social Democrats

Politics: 20 Sep 11
Swedish finance minister Anders Borg defended the government's autumn budget proposal against charges that it was overly optimistic in a spirited Riksdag debate on Tuesday. READ »

Swedish budget focuses on labour market

Business & Money: 20 Sep 11
Sweden's government has outlined a raft of labour market initiatives in the budget presented on Tuesday, while its forecast for GDP growth has been slashed to 1.3 percent in 2012, warning that the reality could be worse. READ »

Refugee jobs reform 'not working': report

National: 14 Sep 11
Sweden's much touted integration policy reform has failed to ensure that refugees start the process of finding work before receiving welfare benefits from local authorities, a new study has shown. READ »

Borg: time to 'pressure' Italy and Greece

Business & Money: 8 Sep 11
Sweden's finance minister Anders Borg argued that more pressure needs to put on debt-laden Greece and Italy to improve their public finances amid growing concerns over debts carried by Europe's banks. READ »

Riksbank leaves repo rate unchanged

Business & Money: 7 Sep 11
Sweden's Riksbank announced on Wednesday that they have decided to hold the country's main interest rate unchanged at 2 percent and to postpone future increases. READ »

Swedish artist plunges to his death in Germany

Society: 5 Sep 11
A Swedish musician plummeted 20 metres to his death at the weekend during a performance at a street festival in Leipzig, Germany. READ »

Swedish pensioners promised tax cut

Business & Money: 5 Sep 11
Sweden's Alliance government has promised pensioners reduced taxes in 2013 or 2014 - if the public finances allow, with reforms to help the poorest pensioners to come into force already next year. READ »

Lööf proposed as new Centre Party head

Politics: 31 Aug 11
The Centre Party plans to name economic policy spokesperson Annie Lööf as the choice of the nominating committee to take over as party leader after Maud Olofsson. READ »

Sweden slashes 2011 growth forecast

Politics: 26 Aug 11
Sweden's finance minister Anders Borg on Friday announced that the government had significantly lowered its growth forecast for 2011. READ »

Stock market continues downward slide

Business & Money: 19 Aug 11
The Stockholm stock market continued to fall on Friday, with the OMXS-index dropping nearly 4 percent within 30 minutes of opening and finishing the week down nearly 11 percent - and the lowest level since autumn 2009. READ »

Meet Sanna, 9 years old

Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »

Strindberg, king of drama

August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »

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