Sweden and the EU
Latest business news about Sweden and the European Union.
- Sweden wants EU to ban import of live American lobsters — 18 March 2016, 17:17 CET
The Swedish government said Friday it had asked the European Union to
block the import of live American lobster, in a bid to avoid
contamination of its native species.
- Eating less beef key to meeting EU climate targets: study — 22 February 2016, 17:59 CET
EU climate targets won't be met unless greenhouse gas emissions linked to beef and dairy consumption are dramatically reduced, a Swedish study published on Monday said.
- Commissioner says firms should pay taxes where they earn profits — 16 February 2016, 00:40 CET
The EU's top economic affairs official said Monday that companies should pay taxes where they earn profits, days after a report of another firm using aggressive strategies to lower their bill.
- Ikea tax bill under scrutiny after billion euro underpayment claim — 14 February 2016, 00:30 CET
The European Commission on Saturday pledged to study a report claiming that Swedish furniture giant Ikea may have underpaid taxes by one billion euros between 2009 and 2014 due to aggressive tax strategies.
- Work placement for Sweden's recent migrants — 07 February 2016, 15:27 CET
Sweden is pushing local governments to create temporary work placements
for migrants as the country attempts to integrate a dramatic influx of
refugees, an official said Sunday.
- Tensions rise in Sweden after killing of asylum centre worker — 02 February 2016, 11:05 CET
Masked men chased migrants in Stockholm this weekend in a rare act of
overt violence against refugees, but one that reflects smouldering
tensions in Sweden as it grapples with the consequences of a record
influx of migrants.
- Wallstrom condemns China detention of two Swedes — 22 January 2016, 21:37 CET
Sweden's Foreign Minister Margot Wallstrom on Friday condemned China's
detention of two Swedish nationals as "unacceptable", as the European
Union called in a statement for a "swift resolution" of the case.
- Sanction Chinese state media: advocacy group — 21 January 2016, 11:45 CET
The European Union should impose sanctions on Chinese state media, a journalism advocacy group said Thursday, denouncing broadcasts and reports of "forced confessions" by detainees.
- Sweden, Denmark agree to lift border checks soon — 06 January 2016, 15:00 CET
Sweden and Denmark have agreed to lift temporary border checks as soon as possible but must first slow migrant flows, the EU said Wednesday after emergency talks Europe's passport-free Schengen zone.
- EU to host Schengen talks with Sweden, Denmark — 05 January 2016, 21:57 CET
The EU said it will host emergency talks Wednesday with Denmark, Sweden and Germany about new migrant border checks that have sparked fresh concerns about Europe's Schengen passport-free zone.
- Danish ferry company reports Sweden to EU over ID checks — 29 December 2015, 22:55 CET
A Danish ferry company said Tuesday it had reported Sweden to the EU for unfair competition after being required to pay for identity checks on
passengers being launched in the face of a huge influx of migrants.
- Annual HIV infection record for Europe in 2014 — 26 November 2015, 15:40 CET
Europe registered a record number of HIV infections in 2014, driven by
cases in Russia and immigrants who acquired the virus after arrival, the
EU and the World Health Organization said Thursday.
- 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
- 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
- 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.