Many more new Swedish companies starting up

The number of new companies being created in Sweden has surged in the last eighteen months, according to figures from the Swedish Companies Registration Office (Bolagsverket).

Over 27,000 new companies were formed in the first seven months of the year, bringing the total since July 2004 to 56,000. That is a considerable rise compared to the previous ten years.

But according to Swedish Radio, the majority of these companies are operated part-time, or as an addition to another job. On average, the 41,000 companies which were started in 2004 had only 1.6 employees, including the owner.

Sources: Svenska Dagbladet, SR