Latvia's government on Tuesday adopted a resolution allowing Riga to help Stockholm in its bid to host the 2026 Winter Olympics, namely by giving the Swedish Olympic Committee the right to use the Baltic state's artificial ice track.
Members of a charity in southern Sweden are rejoicing at the kindness of one particular stranger after finding an anonymous one million kronor ($153,253) gift in a milk jar used to collect donations.
Europe's financial sector is set for a decade of reform that will result in a much smaller but more socially useful industry, Swedish finance minister Anders Borg said Wednesday.
Nordic banking giant Swedbank said Friday it was writing off nearly two billion kronor on its operations in Latvia, which has emerged from the world's deepest recession.
More than 100 cash machines in the Baltic state of Latvia had run out of money Monday morning following a banking panic apparently caused by rumours on the Twitter social media network.
Foreign Minister Carl Bildt on Monday defended a European single market but said that stricter budget supervision and regulation by Brussels will only work if already existing rules are adhered to.
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.
Swedish Prime Minister Fredrik Reinfeldt announced on Friday that Sweden has not yet ruled out the possibility of supporting a new emergency fund to bail out vulnerable euro countries.
The Stockholm School of Economics in Riga is planning to start a Swedish-owned hospital in the Latvian capital in order to raise the standards of the country's hospitals and to remove some of the burden from the Swedish healthcare system.
A Latvian passenger whose drunken mid-air antics plunged a Ryanair flight into turmoil last summer has successfully appealed against an eight month jail term.
A Swedish prosecutor is pushing for a longer sentence for a Latvian man who was jailed for eight months after attempting to open a cabin door on board a Ryanair plane. The man was restrained by two professional boxers who happened to be on the same flight.
Swedish-owned telecoms company Tele2 admitted on Monday it was responsible for staging a meteorite crash near a small village in the Latvian countryside.
Sweden’s finance minister Anders Borg is reported to have held secret talks with Swedbank and SEB, expressing his concern over Latvia's struggling financial situation.
Swedish finance minister Anders Borg on Tuesday urged international lenders to open their coffers to Latvia after the country agreed to slash government spending.
The Swedish krona fell back against the euro on Monday as markets remained shaky on the back of concerns over Swedish bank exposure to the troubled Baltic state economies.
Share prices of Sweden’s leading banks recovered somewhat on Thursday after major drops on Wednesday in the wake of fears that Latvia may devalue its currency.
Finance Minister Anders Borg has lambasted Swedish banks for their "careless expansion" in the Baltic region as the Swedish krona felt the pinch on Wednesday from a deepening crisis in Latvia.
Aggressive methods employed by Swedish banks for collecting money from borrowers in Latvia are the subject of a police investigation, according to the Latvian prime minister.
<b>As economies in the Baltic states falter, The Local’s Juris Kaza looks at why so many observers have placed much of the blame for Latvia’s financial woes on Swedish banks.</b>
Speaking on behalf of a group of Nordic and Baltic countries, Sweden said on Wednesday that Latvia’s economic structuring programme was credible and ambitious.
Sweden confirmed on Monday that it has entered into a dialogue with Latvia but would not comment on whether it planned to offer financial aid to the struggling Baltic nation.
