Skandia no longer willing to pursue case

Last week insurer Skandia made an out of court settlement with its former finance director Ulf Spång. Now, in a letter to Sweden’s chief prosecutor Christer van der Kwast, Skandia’s deputy chair Björn Björnsson states that Skandia no longer considers that Spång committed any crime and indirectly called on van der Kwast to close the enquiry.

The chief prosecutor did not rule out the possibility that Skandia knows things that he does not and hopes to receive an explanation within the next few days.

Higher commodity prices stifling growth

In its latest report the Association of Swedish Engineering Industries warned that higher commodity prices will dampen growth in 2005. Engineering firms have noted volume growth of 7.5 per cent this year with 25 per cent growth in the telecoms and electronics industries. However, higher commodity prices and an international slowdown will curb growth, which is expected to be in the region of 4.5 per cent next year.

Strategy to remind people of European values

“Well-meant but meaningless and wrongly thought out” is the verdict delivered by the Swedish government on The Netherlands plans to create a common European communication strategy, aimed at promoting public opinion about the EU and shared values.

Lars Danielsson, PM Göran Persson’s state secretary, instead believes that the debate about the EU must be conducted on a national basis, since the EU means different things to each member state.

Auditor kept quiet about irregularities

A DN survey has revealed that a number of leading politicians and union members have, over a period of years, acquired apartments via a foundation set up to help needy women. Amongst others, Gertrud Sigurdsen, was allowed the use of a maisonette when she was the minister for development aid in 1976. In addition, two commissioners have acquired apartments via the foundation and an accountant appointed by the Trade Union Confederation fixed an apartment for his son via the foundation. The accountant also kept quiet about the board irregularities.

Sony Ericsson increases market share

Sony Ericsson’s market share in Sweden was 44 per cent in August – up 7 per cent since March. In the meantime, competitor Nokia has lost a quarter of its share and now has a market share in Sweden of 31 per cent.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri