Women are experiencing increasing problems servicing SMS loans and for the first time are defaulting at the same levels as men, according to a new survey from the Swedish Enforcement Authority (Kronofogden).
Sweden's finance minister Anders Borg emphasised falling unemployment figures in the budget debate in the Riksdag on Wednesday, while the Social Democrats argued that Sweden was suffering from "mass unemployment".
The Swedish government forecasts the country will reach a budget surplus by the end of 2011, according to projections in the spring budget bill, presented Wednesday by finance minister Anders Borg.
The number of unpaid SMS loans that end up with the Swedish Enforcement Administration (Kronofogden) has shrunk dramatically, according to the government agency.
Residents of Stockholm continue to carry the highest levels of student debt in the country, according to new figures from Sweden’s student lending agency, CSN.
The Swedish economy hasn't yet been dragged down by eurozone debt problems, and while growth is strong and exports are up, Sweden might still face a few economic bumps on the road ahead, the AFPs <b>Marc Preel</b> reports.
The probability of Sweden assisting Spain and Portugal with loans when Euro countries decide on support is low, according to Finance Minister Anders Borg on Monday.
The net worth of Swedish households grew by 244 billion kronor ($35.58 billion) to 7.26 trillion kronor in the third quarter, the measure's highest nominal level ever, according to a new SEB study.
Sweden could lend Ireland, which is negotiating a debt rescue deal, up to 10 billion kronor ($1.46 billion), Swedish Finance Minister Anders Borg said Monday.
Sweden’s National Debt Office (Riksrevisionen) vastly improved its forecast for the country’s finances on Tuesday, saying Sweden will nearly balance its budget this year and should see a surplus in 2011.
Swedish Finance Minister Anders Borg sharply criticised senior politicians in the EU for bringing up the issue of whether private lenders should take a hit if financially strapped eurozone countries ask for help.
Spyker Cars, the Dutch specialist automaker of Sweden's Saab, said on Friday that its first-half losses soared as a result, but it insisted that it was still on course for a 2012 profit.
Luxury car manufacturer Spyker Cars, which purchased Sweden's Saab from General Motors, has more debts than assets, according to a filing submitted to the stock exchange in Amsterdam, NYSE Euronext.
Sweden's Prime Minister Fredrik Reinfeldt on Thursday rejected the prospect of new sanctions for fiscally irresponsible countries outside of the eurozone.
Sweden's Prime Minister Fredrik Reinfeldt has joined forces with UK Prime Minister David Cameron to call for "less talk and more action" to ensure that Europe tackles its economic crisis as EU premiers head to Brussels for crisis talks.
Sweden's finance minister Anders Borg was on Sunday unwilling to rule out that Sweden would assist in underwriting a bailout fund for troubled euro economies.
Sweden’s state finances deteriorated markedly during 2009, with the National Debt Office (Riksgälden) reporting a deficit of 176 billion kronor ($24.8 billion) for the year.
Swedes are further in the red with the national debt collection agency (Kronofogden) than ever before, with accumulated debts currently totalling 64 billion kronor ($9 billion).
The Stockholm stock exchange fell by 3.1 percent on Thursday in response to an announcement that Dubai World has requested deferment on its $59 billion mountain of debt.
The Swedish government announced plans on Friday to tackle the problem of text message loans aimed at the young, as the opposition Social Democrats demanded a total ban.
Swedish household wealth has rebounded strongly in 2009 and has now clawed back half of the 976 billion kronor ($143 billion) fall in the wake of the stock market crash.
Sweden’s renters are having a tougher time meeting their monthly obligations, resulting in increased evictions as well as applications for housing assistance payments.
