Sweden edition

Growth

The following articles have been tagged with "Growth":

Nine of ten tourists 'happy' with Sweden

Business & Money: 23 May 12
Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. 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 »

Sweden Democrats fourth-largest party

Politics: 13 May 12
With 6.6 percent of voters backing them, the far-right Sweden Democrats have grown to be Sweden’s fourth-largest party, according to the latest poll from research institute Sifo. READ »

Irish invasion as Gaelic football hits Stockholm

Lifestyle: 10 May 12
The opening of the Nordic Gaelic football championships takes place this weekend in Stockholm, and with more Irish people coming to Sweden to escape their homeland's economic gloom, the event promises to be the biggest yet. READ »

'Sweden isn't a socialist hell hole after all'

Analysis & Opinion: 9 May 12
Sweden can be eye-opening for any foreigner, but for American Carmen Price, it took more time than she expected in Sweden to disarm her American cultural defense mechanisms. 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 »

Study: more Swedes surf the net anonymously

Science & Technology: 1 May 12
Swedes have become more inclined to surf the internet anonymously, in order to protect themselves from online surveillance, a new study shows. READ »

China and Sweden sign deals during Wen visit

Business & Money: 25 Apr 12
A plethora of deals were signed by Chinese prime minister Wen Jiabao and Swedish companies during his visit to Sweden, including agreements between carmaker Volvo and telecom giant Ericsson. READ »

No change for Sweden interest rate: Riksbank

Business & Money: 18 Apr 12
Sweden's central bank is holding the country's benchmark interest rate steady at 1.5 percent, the Riksbank announced on Wednesday, saying the Swedish economy was showing some "positive signs". READ »

'People have a duty to make themselves hirable'

Politics: 17 Apr 12
Social Democrat leader Stefan Löfven has admitted that his party has done a poor job emphasizing individuals' own responsibility for making themselves employable. 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 »

Social Democrats reach new poll heights

Politics: 15 Apr 12
The Social Democrats' recent dramatic rise in opinion polls has continued with the party climbing a further 3.1 percentage points to 36.8 percent according to the latest voter preference survey. READ »

Swedes lead European race to the city

Society: 8 Apr 12
With more than one in five residents now living in a city, Sweden is outpacing other EU countries with its rapid rate of urbanization. READ »

Foreign women opt to be 'own boss' in Sweden

Business & Money: 2 Apr 12
Increasing numbers of foreign-born women are taking the plunge into self-employment in Sweden in order to overcome the difficulties of finding a job, new statistic show. READ »

Swedish retail giant H&M confirms new ‘secret’ line

Business & Money: 30 Mar 12
Swedish high street fashion giant on Friday confirmed that new “luxury” line called “& other stories” will be launched in Europe in 2013. 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 »

Gaming industry booming in Sweden

Science & Technology: 25 Mar 12
Swedish gaming developers are experiencing a boom, as turnover for TV and computer games increased by at least 50 percent last year, according to industry spokespeople. READ »

Big baby girls become fat mums: Swedish study

Science & Technology: 21 Mar 12
A study in Uppsala has concluded that overweight baby girls are more likely to become obese women, who in turn are more likely to give birth to obese babies. READ »

Sweden's foreign tourist figures fail to impress

Business & Money: 21 Mar 12
Foreign tourists continue to visit Sweden, but not in the numbers expected by experts, who been forced to dial down their expectations for the future of Swedish tourism. READ »

Infant joins queue for senior flat in Stockholm

National: 20 Mar 12
A one-year-old infant's addition to the queue for one of Stockholm's more popular senior living facilities has taken the trend of Swedes acting early to secure old-age accommodation to new levels. READ »

Lundin: war crimes allegations 'unfounded'

Business & Money: 18 Mar 12
Ian and Lukas Lundin have rejected accusations that the Lundin Group consists of "opportunistic, dictator-hugging businessmen", arguing that allegations of human rights abuses are "unfounded, unfair and in some cases, absurd". READ »

Sweden's industrial output soars: report

Business & Money: 9 Mar 12
Sweden's industrial output is on the rise, reported Statistics Sweden on Friday, revising some of its 2011 figures due to a calculation error. 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 »

Runaway krona must be 'reined in': experts

Business & Money: 21 Feb 12
The Swedish krona is 25 percent overvalued against the US dollar, according to the OECD, jeopardizing the currency's appeal as a “safe haven” for investors. READ »

'Most Swedish emigrants ever in 2011': report

National: 21 Feb 12
2011 marked the largest exodus from Sweden in history as more than 50,000 people left the country, with China proving to be an ever more popular destination for Swedes who move abroad. READ »

Skype founder: 'cold winters' key to Swedish tech success

Science & Technology: 16 Feb 12
Swedish entrepreneurs Niklas Zennström, founder of Skype, and Andreas Ehn, founder of Spotify, spoke recently in Stockholm about the secrets to their success and why Sweden "punches above its weight" when it comes to producing tech start-ups. 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 »

Brits in Sweden to forge northern alliance: paper

Politics: 9 Feb 12
Nordic, Baltic and British leaders have been gathering in Stockholm, ostensibly to discuss future challenges shared by the nations. But commentators think the meeting has a bigger purpose - as part of a British-led strategy to forge a new 'northern alliance' in Europe. READ »

SAS earnings hit by Spanair bankruptcy

Business & Money: 9 Feb 12
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday. READ »

British PM in Sweden to discuss women and work

Politics: 8 Feb 12
David Cameron joined Fredrik Reinfeldt and other heads of government from northern Europe who have gathered in Stockholm to discuss common future challenges at the Northern Future Forum. READ »

Man performed surgery on his own dog

Society: 8 Feb 12
A dog-owner in eastern Sweden is believed to have carried out a botched operation on his own dog without the use of anesthetics or properly stitching the wound. READ »

Kinnevik in bid to buy up publisher Metro

Business & Money: 6 Feb 12
Swedish investment firm Kinnevik has made an offer to buy up Metro International, a global publisher of free newspapers. READ »

Electrolux profits plunge amid weak demand

Business & Money: 2 Feb 12
Swedish appliancemaker Electrolux reported a nearly 50 percent drop in net profits for 2011 as material costs and lower demand took their toll on earnings. 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 »

Ericsson shares nosedive on weak report

Business & Money: 25 Jan 12
Ericsson on announced a worse-than-expected 73 percent drop in its fourth quarter net profits, sending shares in the Swedish telecom giant plummeting in Wednesday morning trading. READ »

Nordea closes out 2011 by beating forecasts

Business & Money: 24 Jan 12
Swedish bank Nordea reported better-than-expected profits for the final quarter of 2011, although profits for the entire year were down by 1 percent. READ »

Streaming services 'save' Swedish record industry

Business & Money: 24 Jan 12
While Swedish CD sales are continuing to drop significantly, record companies’ revenue from streaming services like Spotify is soaring and digital sales now amount to over half of the companies’ proceeds, according to fresh figures from trade organization IFPI. READ »

Why should I study in Sweden?

Study in Sweden: 17 Jan 12
It is a big step to study abroad, and the options are almost limitless. So what makes Sweden stand out as a study destination? READ »

Swedes more fearful of terror attacks: study

National: 16 Jan 12
An increasing number of Swedes are worried about future terror attacks in the wake of the Stockholm suicide bombing and the Norway massacre on Utøya, a new survey has shown. READ »

Swedbank in massive Latvia write down

Business & Money: 13 Jan 12
Swedbank announced plans Friday to write down two billion kronor ($283 million) from its operations in Latvia, which have been plagued by rumours about their financial stability. READ »

Swedish Soundcloud set to expand with new American investment

Business & Money: 4 Jan 12
The Swedish online audio platform Soundcloud announced on Wednesday that they are teaming up with American company Kleiner Perkins Caufield & Buyers to further expand their lucrative business. READ »

Ingves: Interest rates stable all year

Business & Money: 2 Jan 12
The head of Sweden's central bank has said he expects Sweden's interest rates to remain at their current low level in 2012, but warned banks that they must be more open about how much they earn from lending to customers. 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 »

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 »

Cautious optimism for the Swedish economy

Business & Money: 24 Dec 11
The Stockholm stock exchange closed up slightly on the Friday before Christmas amid reports of an increase in the number of new companies registered in Sweden in 2011. READ »

Sweden to tourists: frolic in our forests

Business & Money: 21 Dec 11
Hot on the heels efforts to turn Sweden into the world's culinary capital, the government is set to announce a new initiative meant to make Sweden's vast forests one of the country's primary tourist attractions. 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 »

Colonic 'gas blast' rattles Swedish operating room

Science & Technology: 19 Dec 11
A Swedish health clinic has been reported after a routine bowel procedure was interrupted by what was described as a “powerful blast” likely caused by a build up of methane gas in the patient's intestines. READ »

Sweden to Denmark subway line suggested

Society: 18 Dec 11
Ever-growing numbers of commuters between Malmö and Copenhagen require new infrastructure solutions. A bold new suggestion currently being investigated involves a subway line connecting the neighbouring countries. READ »

Why Sweden should stay out of the EU budget pact

Analysis & Opinion: 13 Dec 11
European leaders have failed to help solve the current debt crisis, and Sweden shouldn't think of signing on to a plan that amounts to an attempt to remake Europe into a super-bureaucratized dream, argues Swedish liberal commentator Johan Norberg. READ »

Swedes become gaming sector's shooting stars

Science & Technology: 5 Dec 11
Blockbuster sales of the Swedish-developed computer war game Battlefield 3 have helped solidify Sweden's reputation as a hotbed for game developers, The Local's Geoff Mortimore discovers. 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 »

Spotify hits 2.5 million subscriber milestone

Business & Money: 24 Nov 11
Swedish online music star Spotify said Wednesday that it has reached 2.5 million paying subscribers. READ »

Dutch crooner named Santa of the Year

Society: 21 Nov 11
A velvet-voiced Dutchman who could also hold his own on a mechanical bull didn't let a lack of snow diminish his joy at being crowned winner of the 2011 Santa Games in Gällivare in northern Sweden on Sunday. READ »

Swedish home loans in rapid rise

National: 20 Nov 11
Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages presented in Swedish media. 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 »

LinkedIn launches Swedish language site

Business & Money: 9 Nov 11
Professional networking site LinkedIn on Wednesday launched a Swedish language version of their site in a bid to increase member activity in Sweden and further develop member services. READ »

Sweden: hard at work or hardly working?

Analysis & Opinion: 9 Nov 11
Swedes have a reputation for studying longer, working fewer hours and enjoying more holiday leave than people in most other comparable countries, while others argue that the careerism rat race has taken hold. What do you think? READ »

Man gets 15 years for 'bearded lady' slaying

National: 8 Nov 11
A 27-year-old man from Umeå in northern Sweden has been sentenced to 15 years in prison for fatally stabbing a 55-year-old woman, who he allegedly thought was a man due to her extensive facial hair. READ »

Ericsson predicts ten-fold jump in mobile data traffic by 2016

Business & Money: 7 Nov 11
Mobile data traffic will likely increase tenfold over the next five years, as smartphones become more commonly used, a new study by Swedish telecom giant Ericsson shows. READ »

Young Swedish workers abandon unions

Business & Money: 4 Nov 11
Only one in three young Swedes are union members, compared to 80 percent in the same age group only 15 years ago, according to a new report. 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 »

No recession cuts in Swedes' 'vanity' budget

Business & Money: 31 Oct 11
Despite the turbulent financial climate, Swedes aren't cropping their beauty budget, according to recent figures from Statistics Sweden. READ »

Chinese firms reveal Saab profit ambitions

Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday. READ »

Facebook's 'coolest' data hub coming to Sweden

Science & Technology: 27 Oct 11
Social media giant Facebook on Thursday officially unveiled long-rumoured plans to build its first European data centre in Luleå in northern Sweden, near the Arctic Circle. 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 »

Expert: build Nordic union 'if the euro falls'

Politics: 25 Oct 11
As the eurozone crisis continues to dominate European political business, Gunnar Wetterberg, an analyst at white collar union Saco, has stated the case for a Nordic Union and currency, to counter the threat of a euro collapse. READ »

Volvo Trucks slashes 450 jobs

Business & Money: 25 Oct 11
Swedish truck maker Volvo announced on Tuesday that it was cutting 450 jobs, after reporting that third quarter profit came in under expectations amid a shrinking European market. READ »

Video: Global engineering group Cavotec lists in Stockholm

Business & Money: 19 Oct 11
From mining and tunneling to ports and airports, global engineering group Cavotec is improving productivity for customers worldwide. Now it is listing on the NASDAQ OMX in Stockholm. 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 »

Scania cuts output amid slowing global growth

Business & Money: 10 Oct 11
Swedish truckmaker Scania on Monday announced a cut in production by up to 15 percent starting next month due to lower demand caused by a global economic slowdown. 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 »

Swedish tourism suffers summer decline

Business & Money: 5 Oct 11
Fewer tourists visited Sweden in the summer 2011, breaking a six year upward trend, according to new figures from the Swedish Agency for Economic and Regional Growth. 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 »

Painkillers might hold back cancer: study

Science & Technology: 27 Sep 11
Ordinary painkillers might be able to hold back the growth of cancer tumours, according to a new Swedish study from the Karolinska Institutet in Stockholm. READ »

Volvo Trucks to refine performance indicators

Business & Money: 22 Sep 11
Sweden's Volvo Group, the world's second-largest truck maker, announced on Thursday plans to begin using new financial targets measuring not only growth but also how it fares against key competitors. READ »

Swedish firm launches 'invisible' cycle helmet

Science & Technology: 21 Sep 11
Recognising that vain cyclists need a reason other than the risk of serious injury to wear a helmet, a Swedish firm has developed a discreet novel collar that works much like an air-bag. 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 »

'We were all Americans, at least for a while'

Analysis & Opinion: 9 Sep 11
On the tenth anniversary of the September 11th, 2001 terror attacks, The Local reaches out to a few Swedes and Americans for their thoughts about the attacks and their impact. 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 »

Top ten Swedish tech innovations

Science & Technology: 7 Sep 11
Sweden is renowned for its innovation and strong research tradition and The Local has compiled a list of ten technological breakthroughs of the last decade. 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 »

Sweden faces economic slowdown: report

Business & Money: 31 Aug 11
Sweden's National Institute of Economic Research (NIER) has cut its forecast for Swedish growth and sees a significant risk that the eurozone debt crisis could worsen. 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 »

'Stockholm needs more housing - not fewer students'

Analysis & Opinion: 25 Aug 11
Sweden's housing minister is wrong to single out students as the solution to help alleviate pressure in Stockholm's housing market, argue Young Moderates Veronica de Jonge and Edvin Alam. 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 »

Stockholm stock exchange plummets

Business & Money: 18 Aug 11
The Stockholm stock exchange was down 6.2 percent on Thursday afternoon when trading closed, making the drop the steepest since November 2008. A broad fall among other European stock markets means fears of a recession are mounting. READ »

'Let's hope everything goes well': Victoria

Society: 18 Aug 11
Sweden's Crown Princess Victoria on Thursday expressed her gratitude to those who wished her well following news of her pregnancy, while newspapers across Sweden pondered the significance of the impending royal birth. READ »

Reinfeldt pans proposed eurozone 'government'

Business & Money: 17 Aug 11
Swedish prime minister Fredrik Reinfeldt took a doubtful stance to the "true economic governance" within the eurozone called for by French president Nicolas Sarkozy and German chancellor Angela Merkel on Tuesday. READ »

SAS shares jump as airline returns to profit

Business & Money: 17 Aug 11
Scandinavian airline SAS announced its best quarterly results since 2008 on Wednesday, with the airline's return to profit sending its share price soaring. READ »

Swedish researchers in new cancer gene find

Science & Technology: 17 Aug 11
Researchers from Karolinska Institutet in Stockholm along with colleagues in the United States have discovered five gene variants with strong links to aggressive forms of prostate cancer, according to a study released on Tuesday. READ »

Sweden to bolster banks against European debt crisis

Business & Money: 16 Aug 11
Swedish Finance Minister Anders Borg said Tuesday the government planned to implement measures to help ensure the country's banking sector avoid being pulled into the European debt crisis. READ »

Moderates push back promised tax cut plans

Politics: 16 Aug 11
Prime minister Fredrik Reinfeldt announced on Tuesday his Moderate Party was delaying plans to implement several tax reductions, citing increasing concerns about the state of the global economy. READ »

Swedes develop sci-fi style car test site

Science & Technology: 12 Aug 11
A Swedish company has become the first in the world to develop a so-called active safety test site, which it is hoped will ultimately drastically reduce the number of car accidents. READ »

Swedish realtors fear falling property prices

National: 12 Aug 11
The continuing financial uncertainty looks set to have a bearing on what is traditionally one of the busiest weekends of the year for real estate agents in Sweden. READ »

Borg: growth forecast under revision

National: 11 Aug 11
Sweden's finance minister Anders Borg on Thursday warned that the government will need to revise down its strong economic growth expectations for 2012 due to the global financial market turbulence. READ »

Swedish inflation climbs in July

Business & Money: 11 Aug 11
Sweden's inflation rate rose at a higher clip in July than in the previous month, partly due to rising mortgage interest costs, although consumer prices remained flat. 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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