Sweden’s visible unemployment remains high

Visible unemployment remained high at 5.5% in January but Hans Karlsson, minister for employment, is optimistic, saying that there are signs of a turnaround on the labour market as the number of redundancies is falling and vacancies are on the increase.

Riksbank under pressure to cut interest rates

Lower prices for clothes, shoes, home electronics and holidays resulted in an inflation rate of 0.0% in January, according to the Consumer Price Index. The UND1X, a measure of underlying inflation, was 0.4%. Both indices were lower than analysts had forecast and lower than the Riksbank had forecast in its latest inflation report.

The central bank is now under pressure to cut the repo rate or explain why it does not intend to do so.

Venture capitalists invest billions

Swedish venture capitalists invested some 17 billion kronor in 2004, mainly within the biotech, IT/software and medtech sectors.

Fazer bids for Cloetta

Fazer has unexpectedly made a hostile bid for all the shares in Cloetta Fazer. Swedish majority shareholder Malfors Promotor says the bid is too low and is considering placing a bid itself.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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