BUSINESS NEWS — A court-appointed administrator for Saab on Wednesday asked a court to lift bankruptcy protection for the Swedish carmaker, effectively putting the company at the mercy of creditors, the court said. “Administrator Guy Lofalk has requested that the bankruptcy protection for Saab be terminated,” the Vaenersborg district court said in a statement after [...]
DOMESTIC NEWS — In the wake of a series of elderly care scandals in Sweden where one negligence allegation followed the next, the government on Thursday pledged to invest 4.3 billion kronor ($617 million) over the next few years to ”develop care for the most vulnerable elderly”. ”We’re talking about a group of people that [...]
BUSINESS NEWS — Sweden’s state-run alcohol monopoly Systembolaget has been accused of having had a hand in a police report filed by a temperance society against a group of wine clubs. Swedish temperance society IOGT-NTO has reported a string of wine clubs operating in Sweden to the Economic Crime Authority (Ekobrottsmyndigheten), alleging that they are [...]
BUSINESS NEWS — Finance minister Anders Borg announced plans on Monday to close loopholes in the Swedish tax code following criticism that healthcare companies are using complicated schemes to avoid paying taxes in Sweden. Health care company Carema Care AB as well as pharmacy operators have been criticized recently for avoiding taxes by relying on [...]
BUSINESS NEWS — The Jack & Jones clothing retailer has been rapped by Sweden’s advertising watchdog for a “sexist” ad campaign which utilised scantily clad women to market a line of men’s clothing. “The Swedish Advertising Ombudsman (Reklamombudsmannen, RO) Jury finds that the commercial is sexist. It therefore violates Article 4 of the International Chamber [...]
BUSINESS NEWS — A court-appointed administrator for Saab on Wednesday asked a court to lift bankruptcy protection for the Swedish carmaker, effectively putting the company at the mercy of creditors, the court said. “Administrator Guy Lofalk has requested that the bankruptcy protection for Saab be terminated,” the Vaenersborg district court said in a statement after [...]
DOMESTIC NEWS — In the wake of a series of elderly care scandals in Sweden where one negligence allegation followed the next, the government on Thursday pledged to invest 4.3 billion kronor ($617 million) over the next few years to ”develop care for the most vulnerable elderly”. ”We’re talking about a group of people that [...]
BUSINESS NEWS — Sweden’s state-run alcohol monopoly Systembolaget has been accused of having had a hand in a police report filed by a temperance society against a group of wine clubs. Swedish temperance society IOGT-NTO has reported a string of wine clubs operating in Sweden to the Economic Crime Authority (Ekobrottsmyndigheten), alleging that they are [...]
EVENT — On 8-9 February 2012, the leaders of the Nordic and Baltic countries and the United Kingdom will meet in Stockholm to discuss common social challenges, as Sweden hosts Northern Future Forum. Prime Minister Fredrik Reinfeldt has just extended the invitations to his colleagues. When the leaders of the Nordic and Baltic countries and [...]
BUSINESS NEWS — Finance minister Anders Borg announced plans on Monday to close loopholes in the Swedish tax code following criticism that healthcare companies are using complicated schemes to avoid paying taxes in Sweden. Health care company Carema Care AB as well as pharmacy operators have been criticized recently for avoiding taxes by relying on [...]
PRESS RELEASE — Spain Visual presents a new version of its website about Spain tourism with a substantial increase in content and significant improvements in design and navigability. The day 02.11.2011 presents a new version of Visual Spain tourism website www.spainvisual.com , with plenty of improvements content, design and navigability. They have added three new [...]
BUSINESS NEWS — The Jack & Jones clothing retailer has been rapped by Sweden’s advertising watchdog for a “sexist” ad campaign which utilised scantily clad women to market a line of men’s clothing. “The Swedish Advertising Ombudsman (Reklamombudsmannen, RO) Jury finds that the commercial is sexist. It therefore violates Article 4 of the International Chamber [...]
COMPANY NEWS — Swedish paper and hygiene products manufacturer Svenska Cellulosa AB (SCA-B.SK), or SCA, said Tuesday that 2,000 jobs would go as part of a cost-cutting program launched in the third quarter that it hopes will lead to annual savings of about 700 million Swedish kronor ($107 million) within two years. The move comes [...]
DOMESTIC NEWS — Swedish pensioners living abroad will soon be receiving a letter from the Swedish Pensions Agency (Pensionsmyndigheten) asking them to fill in a form and report in to the nearest embassy. The reason – to prove they’re alive. Behind the new scheme is the agency’s wish to prevent a situation akin to the [...]
TRAVEL NEWS — The Irish low cost airline Ryanair is planning to establish more airport hubs in Sweden, in order to expand operations to include domestic travel within the region. ”We’d like to start flying domestic flights in Scandinavia. The problem we face is that many airports are owned by the state, which is eager [...]
BUSINESS NEWS — The current generation Volvo C70 has been with us since 2006, having been most recently updated last year. But the car’s future is not looking so bright, with news from the automaker confirming that production at its dedicated plant in Uddevalla, Sweden, will come to an end in 2013 and no successor [...]
BUSINESS NEWS — Sweden’s producer prices increased more than economists expected in August, data released by Statistics Sweden showed Tuesday. The producer price index increased 0.9 percent year-on-year in August, faster than the 0.2 percent growth seen in July. Economists were looking for a 0.6 percent growth On a monthly basis, producer prices moved up [...]
BUSINESS NEWS — The first five lobster of the season reached a record price of 31,600 kronor ($4,640) at auction in Gothenburg on Tuesday morning and will go one sale in stores in Gothenburg and Stockholm. “I think we have reached a peak,” said Mats Eriksson at Bröderna Hanssons fish shop. The first lobster catch of [...]
BUSINESS NEWS — South Korea has the world’s top Internet download speeds followed by Romania, Bulgaria, Lithuania and Latvia, according to a study released on Tuesday. The United States placed just 26th in the analysis of the speed of worldwide Internet connections conducted by Pando Networks. The average download speed in South Korea was 2,202 [...]
BUSINESS NEWS — Officials at Swedish retail giant Ikea have confirmed that the company is the target of a blackmail attempt following a string of blasts and other incidents at Ikea outlets throughout Europe. “What I can say is that the situation has recently developed into an extortion attempt,” Ikea spokesperson Ylva Magnusson told The [...]
BUSINESS NEWS — Two Swedish unions on Monday asked a district court to formally declare beleaguered carmaker Saab bankrupt so the company’s union members can receive their still-unpaid August wages. Saab has struggled for weeks to raise cash and its employees have not been paid August wages. Monday’s move by the Unionen and Ledarna unions [...]
BUSINESS NEWS — The last three months show a distinct slowdown on the Swedish housing market, according to Sweden’s real estate statistics website Mäklarstatistik. ”We now have enough information to say that there is a small dip in prices. And we still think that developments will stay calm over the next few months, with one [...]
PRESS RELEASE — Peab (STO:PEABB) has been contracted to excavate soil on the ore deposit in the Tapuli mine in Kaunisvaara outside Pajala. The client is Northland Resources and the contract amounts to approximately SEK 350 million. In total is it about 10 million cubic meters of soil and rock to be excavated. Work has [...]
TECH NEWS — Engineers from Sweden are developing a new defence system called ‘Adaptiv’ that will enable tanks to appear invisible. ‘Adaptiv’ makes it possible for an object to disappear into its surroundings and be undetectable to infra-red. The technology utilises temperature-changing hexagonal ‘pixels’. Cameras attached to the object collect images behind it and display [...]
BUSINESS NEWS — The Nordic region’s largest bank, Nordea AB, will lay off around 2,000 employees in 2011 and 2012, partly due to the increased costs of new global bank regulations, it said Monday. The Swedish bank said it has started negotiations with trade unions in Sweden, Finland and Denmark to lay off between 500 [...]
BUSINESS NEWS — Starbucks, the Seattle-based chain of coffee houses, has announced the opening of its first stores in Sweden open to the general public. From next year, caffeine-deprived rail travellers will be able to perk up with the coffee chain’s signature mocha frappuccinos and skinny hazelnut lattes as they board their trains at Malmö [...]
BUSINESS NEWS — Swedish authorities on Wednesday launched an official debt collection probe of beleaguered carmaker Saab, whose bills have been piling up for months, in a step that could end in bankruptcy. The probe launched Wednesday by the Swedish Enforcement Administration, or Kronofogden, only concerns 369,000 kronor (40,000 euros, $58,000) in unpaid bills to [...]
BUSINESS NEWS — Swedish banks must do more to prepare for a deterioration in Europe’s debt crisis that could freeze interbank markets and cut off funding, said Lars Frisell, chief economist at the country’s financial regulator. “It won’t take much for the interbank market to collapse,” Frisell, who is also a member of the Basel [...]
BUSINESS NEWS — According to latest Sweden Metals Report, Swedish steel and aluminium production continues to outperform European rivals and in H1 2011 made a recovery to pre recession norms. In the first four months of 2011, Swedish crude steel output grew 12.6% YoY to 1.86 million tonnes. This growth consolidates the recovery begun in [...]
TECHNOLOGY NEWS — A Swedish company has become the first in the world to develop a so-called active safety test site, which it is hoped will ultimately drastically reduce the number of car accidents. Asta Zero, an acronym for Active Safety Test Area, is to develop the safety testing track at Hällered, near Borås to [...]
SWEDEN – DESIGN & CULTURE Broberg & Ridderstråle is a design and architecture studio founded by Mats Broberg and Johan Ridderstråle. Both of them are interior architects and designers and both of them graduated from the Konstfack University College of Arts, Crafts and Design, Sweden, in 2006. Mats Broberg and Johan Ridderstråle are creative collaborators [...]
The Liberal People´s Party (social liberal) wants to change the labour immigration regulations in order to make it easier for well educated immigrants to come to Sweden and work. The Liberals propose among else that a new job seeker visa should be introduced. The idea is that any person should have the possibility to [...]
BUSINESS NEWS — Bus operator Arriva has once again chosen Scania as a supplier, ordering more than 100 buses for the public transport system in Copenhagen, Denmark. The buses are prepared for biodiesel use. Scania buses’ good fuel economy, high reliability and passenger comfort influenced Arriva’s choice of supplier. Arriva already has a large fleet [...]
BUSINESS NEWS — Chinese investor Pang Da has placed a $22 million (euro15 million) cash order for 630 cars from Spyker NV’s ailing unit Saab, according the Swedish car maker. The new order comes after an earlier one for 1,300 vehicles as part of last month’s pact under which Pang Da agreed to buy a [...]
PRESS RELEASE — Clas Ohlson has signed a contract regarding a new store at Valbo Shopping Center, Gävle, Sweden. The retail space will amount to a total of 1,449 square metres. The store’s catchment area comprises approximately 94,000 residents and the store is scheduled to open in autumn 2011/winter 2012. Future store establishments that have [...]
English