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February 14, 2012
Recession
The following articles have been tagged with "Recession":
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 »
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 »
Swedish krona the new 'safe haven': prediction
Business & Money: 18 Dec 11
A Danish investment bank's peek into the crystal ball revealed ten 'outrageous predictions', among them that the Norwegian and Swedish currencies will replace the Swiss franc as a safe haven in a debt-riddled Europe.
READ »
Swedbank hit by 'Twitter- generated' Latvia panic
Business & Money: 12 Dec 11
More than 100 Swedbank cash machines in Latvia were emptied at the weekend following a wave of rumours on Twitter hinting that the Swedish bank was in danger of running out of money.
READ »
Mild autumn weather leaves Swedish retailers sweating
Business & Money: 2 Nov 11
While several parts of Sweden are enjoying the warmest autumn in 130 years, the country's retailers are sweating buckets over the dwindling sales of outerwear.
READ »
Reinfeldt: Greek vote 'signals major problems'
Politics: 1 Nov 11
The Greek government's decision to call a referendum on the eurozone settlement to write down the country's debt, raises uncertainty over the Greek economy, according to Swedish PM Fredrik Reinfeldt.
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 »
Who are those around us we don't really see?
Analysis & Opinion: 24 Oct 11
Swedish journalist and commentator Love Liman explains how a recent trip to a local grill stand led to an unexpected exchange with an Iraqi chemist.
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 »
Ryanair seeks Sweden expansion
Society: 4 Oct 11
The Irish low cost airline Ryanair is planning to establish more airport hubs in Sweden, in order to expand operations to include domestic travel within the region.
READ »
Swedes cut food budgets as crisis unfolds
Business & Money: 15 Sep 11
Swedish consumers are choosing cheaper options in their weekly shop as the mounting eurozone debt crisis and fears of recession begin to bite.
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 »
Stockholm stock market in shaky opening
Business & Money: 8 Aug 11
As expected the Stockholm stock exchange opened sharply down on Monday although after an hour's trading had rebounded into positive territory as the market battled to digest the weekend's global finance developments.
READ »
Sweden 'fourth most competitive country'
Society: 18 May 11
Sweden has climbed to fourth place among the world’s most competitive countries, according to an annual ranking compiled by the Swiss business school IMD.
READ »
Stockholm airport set for expansion: report
National: 15 May 11
Despite surviving under threat of closure for almost all of its 75 years, Bromma Airport in Stockholm could be set for a huge expansion in the next decade.
READ »
Labour market divides Swedish budget debate
Politics: 13 Apr 11
Sweden's finance minister Anders Borg emphasised falling unemployment figures in the budget debate in the Riksdag on Wednesday, while the Social Democrats argued that Sweden was suffering from "mass unemployment".
READ »
Swedes eat more meat
Society: 27 Mar 11
As meat prices continue to fall, Swedes are taking the chance to eat more and more, new figures show.
READ »
Swedish unemployment falls to below 8 percent
Business & Money: 17 Mar 11
Sweden's unemployment rate dropped to 7.9 percent in February according to official statistics, as the rapid recovery from recession gathered pace.
READ »
Sweden boosts economic growth forecast
Business & Money: 4 Mar 11
Sweden hiked its 2011 economic growth forecast on Thursday, predicting a substantial drop in unemployment on the heels of upbeat economic statistics released earlier in the week.
READ »
'Record growth' for Sweden's economy
Business & Money: 1 Mar 11
The Swedish economy expanded at a record 7.3 percent in 2010, a growth rate not seen in the country since 1970.
READ »
Global arms sales on the rise: Swedish think tank
National: 21 Feb 11
The world's largest arms dealers sold weapons for more than $400 billion in 2009, with US sales accounting for the majority, a Swedish think tank revealed on Sunday.
READ »
Britain lauds Sweden's 'tiger economy'
Business & Money: 11 Feb 11
Sweden's economy came in for high praise on Friday when UK Chancellor of the Exchequer George Osborne revealed that he was keen to examine and learn from how the country has dealt with crises and handled its finances over the last 20 years.
READ »
Skanska sales up, profits remain elusive
Business & Money: 10 Feb 11
Swedish construction and civil engineering giant Skanska on Thursday posted an increase in sales in the fourth quarter 2011, the first rise since the outbreak of the financial crisis, but full-year profits remained firmly in the red.
READ »
Sweden's Borg in bold unemployment promise
Politics: 3 Feb 11
Swedish finance minister Anders Borg has promised to bring the country's jobless rate down to 5 percent by 2014, putting Sweden "in the European elite" of low unemployment.
READ »
Is Sweden's economic future paved with gold?
Analysis & Opinion: 19 Jan 11
The Swedish economy hasn't yet been dragged down by eurozone debt problems, and while growth is strong and exports are up, Sweden might still face a few economic bumps on the road ahead, the AFPs Marc Preel reports.
READ »
Electrolux closes Canada plant, cuts 1,300 jobs
Business & Money: 15 Dec 10
Swedish household appliance maker Electrolux announced on Tuesday that it will close an appliance manufacturing plant in Canada, cutting about 1,300 jobs.
READ »
Swedish economy posts record growth
Business & Money: 29 Nov 10
Sweden's economy continued its rapid expansion in the third quarter, easily beating analyst expectations and registering the highest year-on-year GDP growth rate on record, the national statistics agency reported on Monday.
READ »
Spotify poaches radio revenues
Science & Technology: 16 Nov 10
The radio is losing ground in the advertising market to digital broadcasters such as Spotify, according to a Swedish media industry organisation.
READ »
Nobel laureate: limit jobless payouts to a year
Business & Money: 10 Nov 10
Nobel Economics laureate Christopher Pissarides on Tuesday called on states to subsidise "real jobs" to increase employment and to limit benefits to a maximum of one year to ward off long-term joblessness.
READ »
Olof Palme and Obamania: Swedes' love-hate relationship with the US
Analysis & Opinion: 1 Nov 10
On the eve of the US mid-term elections, libertarian Swedish commentator and author Fredrik Segerfeldt takes a look at the evolution of Swedes' attitudes toward the United States – with some help from one of Sweden’s most revered singer-songwriters.
READ »
Understanding the Social Democratic collapse
Analysis & Opinion: 13 Oct 10
The Social Democrats' stinging defeat in Sweden’s September 19th election is part of a systemic shift in European society, write Moderate Party MP Johnny Munkhammar and Nima Sanandaji of the Captus think tank.
READ »
Surprise rise in Swedish bankruptcies
Business & Money: 6 Oct 10
Bankruptcies rose 15 percent in September, snapping the streak of declining bankruptcies observed so far this year.
READ »
Economy trumps welfare worries in tight Swedish election
Analysis & Opinion: 21 Sep 10
With the final results hinging on a few thousand advance ballots, the 2010 elections marked a major shift in Swedish politics, while at the same time showing the power of a strong economy, writes contributor Roger Choate.
READ »
Alliance touts strong economy in election bid
Analysis & Opinion: 15 Sep 10
From speeches to press conferences, Sweden's ruling centre-right coalition has tirelessly pumped forth the country's sound economic performance in its re-election bid ahead of Sunday's election, writes AFP's Marc Preel.
READ »
Borg: Strong economic recovery continues
Business & Money: 8 Sep 10
Sweden appears to be making a spectacular recovery from the deep recession its export-reliant economy experienced during the global financial crisis.
READ »
Parties court pensioner votes in tight election
Analysis & Opinion: 8 Sep 10
As strikes ripple across debt-ridden Europe over pension reforms, the two coalitions battling it out in Sweden's close upcoming elections on September 19th are courting elderly voters, who may end up holding the balance, writes AFP's Rita Devlin Marier.
READ »
Borg warns against new EU bank tax
Business & Money: 7 Sep 10
Sweden has slammed what is sees as a 'detrimental' proposal for higher taxes on banks in Europe, cautioning on Tuesday that institutions would simply relocate to avoid the charges.
READ »
Introducing the Alliance
Analysis & Opinion: 6 Sep 10
Here's a look at the centre-right Alliance, which is looking to win another term as Sweden's ruling coalition.
READ »
Riksbank raises base rate to 0.75 percent
Business & Money: 2 Sep 10
Sweden's Riksbank has raised the repo rate by 0.25 percentage points to 0.75 percent, a decision which was widely forecast.
READ »
Sweden's economy in good shape: report
Business & Money: 31 Aug 10
Exports, domestic demand and strong public finances all indicate that Sweden's economy is in good shape, the country's financial management authority and several major banks said on Tuesday.
READ »
Nordea upbeat on Swedish economy
Business & Money: 30 Aug 10
Sweden's economic recovery is gathering pace and the economy is now close to a return to a normal economic cycle, Nordic bank Nordea has stated in an upbeat new report.
READ »
Swedish unemployment drops in July
Business & Money: 26 Aug 10
Unemployment in Sweden dropped significantly in July to 8 percent from 9.5 percent in the previous month, Statistics Sweden reported on Thursday.
READ »
Foreign tourists boost Swedish retail sales
Business & Money: 25 Aug 10
Last year was a bumper year for tourism in Sweden, with foreign tourists spending more money in Sweden than Swedish tourists spent overseas, according from retail group Svensk Handel.
READ »
Experts: politicians misled voters on pensions tax
National: 18 Aug 10
Sweden's politicians have been slammed by leading economists who argue that they are misleading the electorate by claiming that income taxes discriminate against pensioners, who in actual fact pay less tax than those in work.
READ »
Sweden earns praise for public finances
National: 14 Aug 10
Ratings agency Fitch praised Sweden on Friday for its handling of the financial crisis as the country retained its AAA long-term foreign currency debt rating.
READ »
Unemployment jumps to 9.5 percent in June
Business & Money: 5 Aug 10
Unemployment in Sweden climbed to 9.5 percent of the workforce in June, from 8.8 percent in May but remained down on last year, new figures showed on Thursday.
READ »
ABB Q2 earnings fall, but issues upbeat guidance
Business & Money: 22 Jul 10
Swedish-Swiss engineering group ABB said on Thursday that its net income fell in the second quarter, but it issued an upbeat forecast for the rest of 2010.
READ »
SEB 'has turned the page' in Baltics
Business & Money: 13 Jul 10
Sweden's SEB bank on Tuesday posted higher-than-expected second quarter profits and said it had "turned the page" in the Baltic countries.
READ »
Sweden posts gains in industrial output
Business & Money: 9 Jul 10
Sweden reported significant gains in industrial output in May, mirroring improvements elsewhere in Europe, according to new figures released on Friday.
READ »
Feminist cash burning provokes backlash
Politics: 7 Jul 10
The Feminist Initiative's controversial burning of 100,000 kronor ($13,000) in Visby on Tuesday in a demonstration for equal pay between the sexes, has come in for criticism from allies and opponents alike.
READ »
Bankruptcies fall in first half of 2010
Business & Money: 6 Jul 10
Bankruptcies in Sweden declined by 14 percent in the first half of this year compared to the corresponding period of last year, according to a new report on Tuesday.
READ »
Riksbank raises repo rate to 0.5 percent
Business & Money: 1 Jul 10
Sweden's central bank, the Riksbank, has raised its key interest rate by 0.25 percentage points to 0.5 percent on Thursday, matching most analyst estimates.
READ »
Restaurant tax cut could create 15,000 jobs
Business & Money: 16 Jun 10
A decrease in restaurant taxes could create 15,000 new jobs, particularly for young people and immigrants, according to a new report.
READ »
Opposition mounts to euro adoption in Sweden
Business & Money: 3 Jun 10
Opposition to joining the euro adoption is growing in Sweden, with an increasing number of people fearing that businesses would lose out if the country scrapped the krona and joined the single currency, a poll showed on Thursday.
READ »
Spyker chief promises new life for Saab
Business & Money: 2 Jun 10
The head of Dutch sportscar maker Spyker promised in an interview on Tuesday to secure the future of his recently acquired iconic Swedish brand Saab by giving it back its identity and independence.
READ »
'Firms report recession corruption increase'
Business & Money: 24 May 10
Fraud and corruption has increased during the recession with Swedish firms harder hit than the global average, a new survey shows.
READ »
Companies better at making bill payments
Business & Money: 19 May 10
Companies have become better at paying bills on time. The number of rulings in cases involving orders for payment fell by 22 percent in April, according to credit reporting company Syna.
READ »
Unemployment falls for first time since crisis
Business & Money: 10 May 10
For the first time since the financial crisis, the unemployment rate has begun to fall compared to the situation a year ago. At the end of last week, 221,622 were registered as unemployed with the Public Employment Service (Arbetsförmedlingen), a decrease of 2,765 from the week before.
READ »
'Workplace pregnancy is contagious': study
Business & Money: 22 Mar 10
Pregnant women in the workplace affect the inclination of female colleagues to try for children, a new study shows. The same is however not true for expectant fathers.
READ »
Swedish firms increase advertising spend
Business & Money: 19 Mar 10
Swedish firms have started to ease restrictions on advertising budgets, with new figures indicating an 18 percent hike in spending during the first two months of 2010.
READ »
Ikea and Google top student career wish list
Business & Money: 18 Mar 10
Swedish students have named Google, Ikea and the foreign ministry as their dream places of work, according to a new survey.
READ »
Swedish house prices top two million barrier
Business & Money: 17 Mar 10
The price of the average Swedish house has passed the two million kronor ($300,000) mark for the first time, new statistics show.
READ »
Riksbank off base with finance crunch rate hikes
Business & Money: 15 Mar 10
The Swedish Riksbank has concluded that while everyone failed to see the impending finance crunch, it's own board was furthest behind when it raised interest rates just weeks before the Lehman Brothers bankruptcy.
READ »
Swedes' generosity undented by recession
National: 14 Mar 10
The economic downturn and rising unemployment figures have not dented Swedish support for charities, according to new figures from the Swedish Fundraising Council (FRII).
READ »
Borg: No cash for euro currency fund
Business & Money: 9 Mar 10
Sweden's Finance Minister Anders Borg has lent his support to a German initiative to create a European currency fund to support euro countries with budget problems, but said that Sweden would not be contributing finance.
READ »
Bankruptcies continue to decline
Business & Money: 8 Mar 10
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.
READ »
State warns of housing boom and bust
National: 23 Feb 10
The National Housing Credit Guarantee Board has warned that Sweden stands on the precipice of a house price crash. When the bust arrives prices can be expected to fall by 20 percent, according to a new report.
READ »
Nordic governments back SAS for now
National: 21 Feb 10
The governments of Sweden, Norway and Denmark have agreed to pump 4.7 billion kronor ($684 million) into the sagging Scandinavian airline SAS while all want to sell their stakes as biggest shareholders.
READ »
Stockholm 'one of Europe's richest regions'
Business & Money: 18 Feb 10
The Stockholm area is one of the ten richest regions in the European Union, according to new figures from Eurostat, the EU's statistics agency.
READ »
Why deny a princess her fairytale? Republicans and the royal weddings
Analysis & Opinion: 15 Feb 10
With Sweden's royal wedding year now upon us, writer and commoner Allan Burnett hoists the flag for an influential group catering for the anti-monarchy needs of a large and flabbergasted minority.
READ »
Defence firm Saab returns to profitability
National: 14 Feb 10
Saab Automobile has been losing money for years. But the separate Saab military products company is posting nice profits, though not quite meeting market expectation.
READ »
Nordea sees profits fall
Business & Money: 10 Feb 10
Nordic banking group Nordea has reported an operating profit of €592 million ($815 million) for the final quarter 2009, down on a profit of €781 million in the corresponding period of last year.
READ »
'IMF solution an option for Greece': Borg
Politics: 10 Feb 10
Sweden's finance minister Anders Borg has raised the prospect of the International Monetary Fund as a possible solution to the debt crisis in Greece.
READ »
Record number of tourists flock to Sweden
Society: 3 Feb 10
The number of foreign tourists visiting Sweden climbed 3.3 percent in 2009 setting a record high and bucking the recession and a declining European trend, new statistics show.
READ »
SMS loan defaults at record high: report
National: 3 Feb 10
The Swedish Enforcement Authority received notice of 46,000 unpaid text message loans in 2009, an increase of 30 percent on 2008.
READ »
Swedish car sales on the rebound
Business & Money: 1 Feb 10
Sales of cars in Sweden increased by 37.4 percent in January compared to the same month last year, while truck sales climbed for the first time since July 2008, new statistics show.
READ »
Taxes and jobs dominate party leader debate
Politics: 1 Feb 10
Sunday's televised debate between the five leaders of Sweden's major political parties was dominated by taxes and labour market policy, while exposing divisions within the opposing blocs.
READ »
Sony Ericsson losses lower than expected
Business & Money: 22 Jan 10
Mobile phone maker Sony Ericsson reported a quarterly loss on Friday that surpassed market expectations but, amid plunging sales for the company, it continues to face fierce competition in the smartphone market.
READ »
Kabul to Kiruna: a new life in the Arctic Circle
Analysis & Opinion: 20 Jan 10
Adjusting to life in the far north of Sweden can be tough at the best of times, but coming as a refugee presents an extra set of challenges. Malin Nyberg speaks to two women who are more than happy to adapt.
READ »
Unemployment levelling off: job agency
Business & Money: 19 Jan 10
There are signs that Sweden has left the worst of the recession behind, according to the country’s national employment agency, which forecasts a leveling off of unemployment during 2010.
READ »
Crisis takes its toll on Sweden's balance sheet
Business & Money: 12 Jan 10
Sweden’s state finances deteriorated markedly during 2009, with the National Debt Office reporting a deficit of 176 billion kronor ($24.8 billion) for the year.
READ »
Sweden reacts with dismay to Saab closure
National: 18 Dec 09
The news that carmaker Saab is to be closed down by owner General Motors might have been expected, but it has been greeted with dismay in Sweden.
READ »
EU pledges climate cash to poor nations: Reinfeldt
Business & Money: 11 Dec 09
Swedish Prime Minister Fredrik Reinfeldt has announced that the European Union's member states have agreed to give $10.6 billion to help developing nations tackle climate change.
READ »
The Lowdown on classic car maker Saab
Analysis & Opinion: 25 Nov 09
Saab is a company steeped in glorious history. But as sports car maker Koenigsegg reverses out of its takeover deal, the GM-owned company is increasingly being viewed by analysts as a firm without a future.
READ »
SAS reports profits hike
Business & Money: 5 Nov 09
Scandinavian airline SAS has reported a profit before tax of 114 million kronor ($16.2 million) for the third quarter 2009 despite a 14.7 percent dive in passenger numbers.
READ »
Reinfeldt urges EU unity on climate change aid
Politics: 29 Oct 09
Prime Minister Fredrik Reinfeldt pushed European leaders to commit to concrete figures for helping poor countries fight climate change as EU heads gathered for a summit in Brussels on Thursday.
READ »
Estonia agrees to repay emergency Swedbank loan
Business & Money: 29 Oct 09
Swedbank learned on Thursday that the government of Estonia was planning to repay the €50 million ($74 million) it borrowed from the Swedish bank to help it through the country’s economic crisis.
READ »
Handelsbanken beats forecasts despite profit dip
Business & Money: 28 Oct 09
Sweden’s Handelsbanken on Wednesday announced lower quarterly profits which nevertheless beat forecasts on the back of a jump in earnings from basic lending operations.
READ »
Husqvarna slashes staff in Sweden as profits fall
Business & Money: 23 Oct 09
Swedish outdoor power products manufacturer Husqvarna has responded to a third quarter drop in profits by announcing the closure of factories in Sweden and the USA, impacting 1,200 jobs.
READ »
Profits up at Sweden's Investor
Business & Money: 13 Oct 09
Swedish investment group Investor turned a profit in the third quarter, the company reported on Tuesday, capitalizing on global financial markets’ decreased volatility.
READ »
Estonia approves TeliaSonera purchase
Business & Money: 25 Sep 09
The Estonian government formally approved the sale of the state's 27 percent stake in telecoms provider Eesti Telekom to the Nordic group Telia Sonera.
READ »
H&M set to expand as profits climb
Business & Money: 24 Sep 09
Swedish cut-price fashion clothing group H&M bucked the economic gloom on Thursday, reporting a four percent hike in third quarter profits and announcing an expansion of its chain of stores.
READ »
TeliaSonera to increase stake in Estonian telecoms firm
Business & Money: 23 Sep 09
Estonia is set to sell its share of leading telecommunications provider, Eesti Telekom, to Nordic group TeliaSonera.
READ »
Volvo Cars celebrates upswing in sales
Business & Money: 15 Sep 09
A nearly four percent increase in worldwide sales for Volvo Cars in August signals a turning point, according to company head Stephen Odell, despite a continued sales drop in Europe.
READ »
Swedish business incubator Iqube closes its doors
Business & Money: 11 Sep 09
A high-profile business incubator that many hoped would bring forward a new generation of Swedish entrepreneurs has shut its doors.
READ »
Swedish economy bounces back to growth
National: 11 Sep 09
Sweden’s economy returned to growth in the second quarter, ending a year of contraction and indicating that the worst of the country’s recession may be over.
READ »
Sweden's recovery gathering pace: Borg
Politics: 21 Aug 09
Sweden's government has revised its gloomy economic prognosis upwards, announcing on Friday that it expects the country's GDP to increase by 0.6 percent in 2010, before making greater strides towards a full recovery in 2011 and 2012.
READ »
Sweden coming out of recession: Riksbank
Business & Money: 18 Aug 09
"The deep recession has hit bottom", Sweden's deputy central bank governor Svante Öberg said in a speech made on Tuesday, although he also predicted that a full recovery would take several years.
READ »
Swedish property market at ten-year low
National: 12 Aug 09
The Swedish commercial property market has ground to a halt with completed deals at a ten-year low. The private residential market has returned to normal however.
READ »
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 »
"The ice dripped in the winter sun. It was the first day when the light had been intense enough to cause dripping in the sunlight. To hear it was an extraordinary wakeup call. The cycle was happening again as it always does, always will (or so we think). I imagined that on my summer island, the bees..." READ »
- 11/2 09:27 Fika Quiz (The Swedish Teacher)
- 10/2 10:47 Reefer Madness (110% LAGOM)
- 07/2 12:55 Queen of Diamonds (The Diplomatic Dispatch)
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fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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