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Living in Sweden

Lucrative safety net awaits ministers
Money

Lucrative safety net awaits ministers

Even if there is a change of government at the next election, the current crop of ministers have their finances well-secured: half of them will continue to receive salaries until they retire without lifting a finger.
1,000 children evicted each year
Property

1,000 children evicted each year

Over 1,000 children in Sweden are evicted from their homes each year. Many of them go on to lead an unsettled, itinerant existence, according to the first nationwide survey of the problem.
Record Lottery winner wants to buy Zlatan
Money

Record Lottery winner wants to buy Zlatan

A 36 year old man from Visby on Gotland has become Sweden's biggest-ever lottery winner, picking up a tidy 122.9 million kronor. Now he says he wants to buy Swedish football star Zlatan Ibrahimovic for his local team.
Property bubbles common in Sweden
Economy

Property bubbles common in Sweden

Sweden, Finland and Denmark have, together with England, accounted for half of all price bubbles on the world property markets in the past 25 years, credit rating company Standard & Poor's has shown in a new study.
OM "considers bid for London exchange"
finance

OM "considers bid for London exchange"

The operator of Sweden's stock exchange OM Gruppen AB is mulling over a bid for the London Stock Exchange PLC, and is sounding out potential advisers and partners, the Sunday Times reported, without citing sources.
Swedish house prices soar to new high
Economy

Swedish house prices soar to new high

Swedish house prices rose four percent between May and July, according to official figures released today. The average price of a detached, semi-detached or terraced house in Sweden is now 1.4 million kronor.
Muslim schools seek funding from Saudi "fundamentalists"
Schools

Muslim schools seek funding from Saudi "fundamentalists"

The Swedish Radio programme 'Kaliber' reported on Sunday that "almost all" Islamic schools and congregations in Sweden have contacted potential sponsors in Saudi Arabia. Many of these Saudi foundations ask for influence in return. However, an expert thinks the chances are slight that violent organisations will gain a foothold in Sweden's muslim communities.
Property boom to continue in Sweden
Property

Property boom to continue in Sweden

Sweden’s property boom looks set to continue - but at a more moderate pace. This is according to the findings of a new "estate agents barometer" put together by Statistics Sweden (SCB) on behalf of SBAB, the Government-owned mortgage provider.
Swedish house prices stable
Property

Swedish house prices stable

The average price of terraced houses and smaller semi-detached houses remained the same in the first quarter of 2005 compared to the final quarter of last year, according to Statistics Sweden.
Women "not saving enough"
Money

Women "not saving enough"

Women risk having considerably lower pensions than men. The reason, according to a study by the alliance of insurance companies, Länsförsäkringar is quite simple: they're not saving enough.
One billion kronor paid to savers in error
Money

One billion kronor paid to savers in error

Thousands of Swedes with a state-managed national savings account have been paid one billion kronor in error, it emerged on Friday. Now, the National Debt Office, which runs the saving scheme, wants the money back.
"Two days" to buy commercial property in Sweden
Property

"Two days" to buy commercial property in Sweden

World Bank survey of 145 countries reveals that it is easy to buy a commercial property in Sweden, with it taking just two days to complete a transaction. Sweden ranked second after Norway while Croatia came last where, according to the survey, it takes 956 days to complete such a transaction.