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ECONOMY

Sweden “still in a recession”

Sweden is still in a recession, according to Ingemar Hansson, head of the National Institute of Economic Research (KI).

“The general definition of a boom is that the utilisation of resources is high, i.e. it is difficult to get hold of labour. But, the utilisation of resources is low and therefore we are still in a recession,” said Hansson who predicted a boom in 2006 at the earliest.

Drop in industrial production and incoming orders

Industrial production fell by 2.2 per cent in November in relation to October while there was a 1.9 per cent drop in incoming orders.

The statistics do however fluctuate considerably from month to month and during January-November 2004 industrial production rose by 4.3 per cent. Incoming orders rose by 2.1 per cent for the three-month period September-November compared to the June-August period.

Vattenfall sets its sights on Denmark

Vattenfall confirmed yesterday that it would be making a multi-billion crown bid for Danish Elsam by mid-January. Elsam is the main producer of wind power in the Nordic region and, according to Danish media sources, Vattenfall has indicated that Elsam is worth some 30 billion crowns.

The Swedish power company also denied that it was about to place a 12 billion crown bid on Københavns Energi.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.

SAS

‘We agree to disagree’: Still no progress in marathon SAS strike talks

By lunchtime on Friday, talks between the Scandinavian airline SAS and unions representing striking pilots were still stuck on "difficult issues".

'We agree to disagree': Still no progress in marathon SAS strike talks

“We agree that we disagree,” Roger Klokset, from the Norwegian pilots’ union, said at lunchtime outside the headquarters of the Confederation of Swedish Enterprise in Stockholm, where talks are taking place. “We are still working to find a solution, and so long as there is still some point in continuing negotiations, we will do that.” 

Mats Ruland, a mediator for the Norwegian government, said that there were “still several difficult issues which need to be solved”. 

At 1pm on Friday, the two sides took a short break from the talks for lunch, after starting at 9am. On Thursday, they negotiated for 15 hours, breaking off at 1am on Friday morning. 

READ ALSO: What’s the latest on the SAS plane strike?

Marianne Hernæs, SAS’s negotiator on Friday told journalists she was tired after sitting at the negotiating table long into the night. 

“We need to find a model where we can meet in the middle and which can ensure that we pull in the income that we are dependent on,” she said. 

Klokset said that there was “a good atmosphere” in the talks, and that the unions were sticking together to represent their members.

“I think we’ve been extremely flexible so far. It’s ‘out of this world’,’ said Henrik Thyregod, with the Danish pilots’ union. 

“This could have been solved back in December if SAS had not made unreasonable demands on the pilots,” Klokset added. 

The strike, which is now in its 12th day, has cost SAS up to 130m kronor a day, with 2,550 flights cancelled by Thursday, affecting 270,000 passengers. 

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