The Local Sweden

Bildt: budget rules 'must be obeyed'

Tue, 29 Nov 2011 08:27:00 +0100

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.

Mystery shipwreck found in central Stockholm

Thu, 25 Nov 2010 17:33:00 +0100

The remains of a ship dating from the 1600s have been discovered outside the Grand Hotel in central Stockholm.

Estonia agrees to repay emergency Swedbank loan

Thu, 29 Oct 2009 15:18:00 +0100

Swedbank learned on Thursday that the government of Estonia was planning to repay the €50 million ($74 million) it borrowed from the Swedish bank to help it through the country’s economic crisis.

Credit losses dent profits at SEB

Wed, 21 Oct 2009 17:09:00 +0200

Swedish bank SEB reported a meager operating profit of 388 million kronor ($56 million) for the third quarter, but still managed to beat analysts’ expectations.

Swedbank's losses worse than expected

Tue, 20 Oct 2009 10:00:00 +0200

Swedbank has reported an operating loss of 2.6 billion kronor ($373.6 million) for the third quarter, a worse result than analysts expected for the Swedish bank with heavy exposure in the troubled Baltic region.

Borg blasts Swedish banks' Baltic bonanza

Wed, 03 Jun 2009 20:05:00 +0200

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.

Swedish banks able to survive increased losses: Riksbank

Tue, 02 Jun 2009 14:14:00 +0200

While Swedish banks are expected to suffer increased losses due to the credit crisis through 2010, the Riksbank believes the country’s banks have sufficient capital to deal with the situation.

Krona slides further on Baltic economy worries

Thu, 28 May 2009 18:38:00 +0200

Concerns about economic developments in the Baltic region are the likely cause of the krona’s steady slide in recent days, according to several experts.

Untangling the role of Swedish banks in Latvia's financial woes

Tue, 03 Mar 2009 15:13:00 +0100

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.

Sweden gives support to Latvian economic plan

Thu, 11 Dec 2008 07:55:00 +0100

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.