Moody's Investors Service said Sweden's economic upswing in the past three years has contributed to larger-than-expected fiscal surpluses, thanks to strength in income tax
Prosecutors have launched a preliminary investigation into the activities of credit rating website Ratsit.se. The company is suspected of having released income details online before it had permission to do so, Dagens Nyheter reports.
Times are good in the Swedish finance sector, thanks to a surging stock market and numerous major deals over the last twelve months. Demand for advisors and analysts has increased dramatically and in the spring bonuses worth 2.5 billion kronor will be dished out.
The Swedish government has asked a group of business executives, academics and regulators to draw up plans to make Stockholm a northern European financial centre to rival Frankfurt, the Financial Times reported.
With nearly a quarter of adults who take part in Sweden’s Komvux municipal adult education system failing, some education experts say the government is being milked for financial support.
One in three university students in Sweden gets financial help from parents, and half work in part-time jobs to cover living expenses, according to a survey of over 9,000 students.
The London Stock Exchange PLC is considering a takeover bid for Swedish counterpart OMX Gruppen, the Financial Mail on Sunday reported, without citing sources.
As around six million orange envelopes begin plopping through letter boxes with news of Swedes' pension statuses, Sweden's system has been hailed as a possible way out of the pensions crisis facing many countries.
Swedish Christmas shoppers were using their credit and debit cards like never before in 2005. New figures from card handling company Babs show that card purchases were up 21 percent last December compared to December 2004.
For the price of a two bedroom flat on the exclusive island of Lidingö, near Stockholm, you could buy 95 similar apartments in Nyland, near Kramfors in Northern Sweden – and wave goodbye to traffic wardens and childcare queues in the process.
Foreign direct investment in Sweden totalled 1,316 billion kronor last year, a rise of 172 billion kronor compared to 2003 according to statistics released by Riksbanken, the country's national bank.
Lars Heikensten has abruptly resigned as Governor of the Riksbank, Sweden's national bank, accepting the nomination by the Swedish government to serve on the European Court of Auditors. But amid allegations of political meddling, Finance Minister Pär Nuder was forced to emphasise the Riksbank's independence.
Private Swedish investors who choose so-called 'ethical funds' could be pouring their money into weapons, tobacco and booze, according to an investigation by the Fair Trade Center.
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.
