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Nuder critical of new Lisbon strategy

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10:27 CET+01:00
Swedish Finance Minister Pär Nuder stressed that the European Union's Lisbon Strategy must continue to focus on economic growth, a better environment and a proper social net at a meeting of the ECOFIN Council last week.

He considers that the European Commission's new proposal to turn the strategy around has downgraded the environmental and social aspects.

"I think the Commission has an outdated way of looking at growth. It is not so that a better environment and a proper social net curbs growth. On the contrary a good environment and social security provide better conditions for growth and jobs in the long term," he says.

Steel prices continue to rise

Thyssen Krupps is set to increase steel sheet prices by 3-5 per cent in April. Should the market accept the hike, steel sheet prices are set to increase by 13-15 per cent in the first half of the year.

Anders Ullberg, SSAB's CEO, does not wish to speculate on price trends later in the year but he does discern a better balance between supply and demand on most markets.

Telia Sonera - a gold mine for the Treasury

The Swedish state will receive a 2.5 billion kronor dividend from Telia Sonera in 2005 and later in the spring the Treasury will receive a windfall of 5 billion kronor when the company redeems stock for 10 billion kronor.

Swedes paid yet more in taxes

Swedes paid 501 billion kronor in income and wealth taxes in 2003 - an increase of 6.6 per cent year-on-year, according to Statistics Sweden (SCB) and the Swedish National Financial Management Authority (ESV).

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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