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Sweden and the EU

Latest business news about Sweden and the European Union.

Swedish charities denounce proposal to cut overseas aid to pay for migrants 05 November 2015, 20:56 CET
Swedish charities on Thursday denounced the government's reported proposal to slash overseas development aid by 60 per cent to pay for a record influx of migrants.

Sweden to ask EU relocate some of its migrants 04 November 2015, 16:36 CET
Sweden, struggling with a huge influx of migrants, was to ask Brussels to relocate to other EU countries some of the asylum seekers it has taken in, the premier said Wednesday.

Sweden poised for 150,000 asylum seekers this year 09 October 2015, 15:17 CET
Swedish Prime Minister Stefan Lofven said Friday up to 150,000 people could seek asylum this year in the Scandinavian country, which is struggling to find housing for the new arrivals.

Sweden's refugee shelters reach saturation point as winter draws near 07 October 2015, 18:42 CET
Sweden's refugee centres are reaching saturation point, the country's migration agency warned Wednesday, calling for gyms and disaster shelters to be used to accommodate the overflow before winter sets in.

First of controversial EU refugee 'relocations' on Friday 06 October 2015, 19:17 CET
The EU said a controversial programme to relocate 40,000 refugees within the bloc from overstretched frontline states would formally start on Friday when a group of Eritreans will travel to Sweden from Italy.

IMF urges Sweden to tackle hurdles to immigrants securing jobs 29 September 2015, 13:32 CET
The International Monetary Fund on Tuesday urged Sweden to tackle hurdles to immigrants accessing jobs, saying people fleeing conflict and hardship to the Scandinavian state offered it a chance to secure its welfare model.

Swedish energy group Vattenfall reveals EUR 3.9 bn write-down 21 July 2015, 12:42 CET
Sweden's state-owned energy group Vattenfall announced a massive 36.3 billion krona ($4.2 billion, 3.9 billion euro) writedown Tuesday tied to looming closures of two nuclear reactors and slumping lignite activity in Germany.

Swedish art museum uses Romanian street beggars as props 05 March 2015, 07:07 CET
By putting two Romanian beggars on display in their latest show, Swedish artists meant to raise questions about global inequality but instead find themselves accused of exploiting the poor.

Abbas to Stockholm after Israel shuns Swedish visit 30 January 2015, 12:42 CET
Palestinian president Mahmoud Abbas will visit Stockholm next month after Sweden became the first major state of the European Union to recognise Palestine, the Swedish government announced Friday.

Sweden: country overview 29 May 2014, 10:29 CET
Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum. Sweden's long-successful economic formula of a capitalist system intermixed with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries.

Sweden country profile 29 May 2012, 18:06 CET
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove the strong rebound in 2010, which continued in 2011, and the government is proposing stimulus measures in the 2012 budget to curb the effects of a global economic slowdown and boost employment and growth.

EU approves Swedish scheme supporting newspapers 20 July 2010, 23:05 CET
The European Commission has concluded that a changed regime to support newspapers in Sweden is now in line under EU state aid rules.

EU clears Swedish restructuring aid for Carnegie Investment Bank 12 May 2010, 22:43 CET
The European Commission has granted final clearance under the EU state aid rules to the Swedish aid for the restructuring of Carnegie Investment Bank.

Sweden told to comply with EU cosmetics rules 05 May 2010, 22:52 CET
The European Commission has taken further steps against Sweden for infringing EU law on cosmetic products by introducing excessive requirements in the notification of such products.

Commission increases electricity trading capacity on the Swedish borders 15 April 2010, 00:18 CET
The European Commission has adopted a decision rendering legally binding commitments offered by Svenska Kraftnät (SvK) that will increase trade in electricity within Sweden and between Sweden and neighbouring countries.

Mannheimer Swartling 15 December 2009, 17:07 CET
Based in Sweden, Mannheimer Swartling has developed into a leading business law firm in the Nordic region.

Representation of the European Commission in Sweden 14 November 2009, 23:57 CET
Contacts of the European Commission representation in Sweden.

Sweden Investment Climate 2009 14 November 2009, 23:57 CET
Sweden is generally considered to be an attractive country in which to invest. There are few countries that can match Sweden's potential to benefit from the intensifying, technology-driven global competition. Sweden already hosts one of the most internationally integrated economies in the world.

Setting up a business in Sweden 28 July 2012, 12:06 CET
An overview of the process of starting a new business in Sweden.

Access to finance 28 July 2012, 12:18 CET
An overview of the sources of funding available to SMEs in Sweden.

Work programme for the Swedish Presidency of the EU 29 June 2009, 15:17 CET
Sweden takes over the Presidency of the EU on 1 July. Prime Minister Fredrik Reinfeldt presented on 23 June the work programme for Sweden's six months in the EU driving seat. It is firstly a question of leading the EU through the financial and economic crisis, dealing with unemployment in Europe and continuing the work to tackle climate change.

Sweden and the euro 04 February 2008, 01:02 CET
Sweden joined the European Union in 1995 and has not yet adopted the euro, but in accordance with the Treaty it will do so once it meets the necessary conditions.

Find an office in Sweden 31 August 2006, 23:41 CET
Instant Offices Sweden

Sweden country profile 05 January 2010, 00:09 CET
Sweden has the largest population of the Nordic countries. The Kingdom of Sweden has been a member of the European Union since 1995.

Trade in Sweden 04 August 2006, 12:16 CET
General information about business and trade in Sweden.