The Local Sweden

82 percent of tech cash goes to male entrepreneurs

Mon, 28 Nov 2016 12:17:16 +0100

Sweden may be one of the most gender equal countries in the world, but a new report by DI Digital sheds light on a money divide in the startup world.

'China can learn from Sweden's clean tech'

Wed, 13 Nov 2013 14:23:00 +0100

The Local chats to Swedish "super angel" investor Dusan Stojanovic, Europe's top business angel of the year, about how China can learn from Sweden's clean tech, what's more valuable than an MBA, and why you shouldn't be afraid to fail.

Nordic firms' mobile lag 'insane': Google exec

Tue, 13 Nov 2012 17:10:00 +0100

Businesses in Sweden and the Nordic region are behind the curve when it comes to adapting to the explosion of mobile devices, a top Swedish executive at Google said in Stockholm on Tuesday.

Sweden to give long-term boost to research

Wed, 12 Sep 2012 09:36:00 +0200

The government has announced that it will put four billion kronor ($605 million) into research and innovation in a long-term effort to secure Sweden’s place among the world's top nations for research.

Sweden runner up in 'reputation' ranking

Thu, 29 Sep 2011 10:18:00 +0200

Sweden has been placed second behind Canada in a ranking of countries with the best reputation in the world, in a new study linking a country's image with foreign investment and tourism receipts.

Agency denies inflating China deal job figures

Mon, 13 Jun 2011 12:19:00 +0200

Invest Sweden, the state agency tasked with attracting foreign investment to Sweden, has denied reports that it inflated figures detailing the number of jobs created by deals it brokered with Chinese companies.

Foreign buyers snapping up Swedish homes

Mon, 14 Mar 2011 15:57:00 +0100

Foreign ownership of Swedish summer houses, houses, land and farms has increased by 36 percent over the past five years, new statistics from the Swedish land registration authority (Lantmäteriet) show.

Sweden slammed for foreign company hurdles

Mon, 07 Mar 2011 17:32:00 +0100

Sweden has been warned by the European Commission that it is putting too many bureaucratic hurdles in the way of foreign companies that want to set up subsidiaries here.

New firm start ups at record highs

Wed, 01 Dec 2010 16:32:00 +0100

The number of newly registered Swedish companies increased by almost 30 percent in November, according to a new report published by financia software firm Visma based on figures from the Swedish Companies Registration Office (Bolagsverket).

Foreign firms look to locate in Stockholm

Sun, 21 Nov 2010 14:16:00 +0100

An increasing number of foreign companies are deciding to locate their regional headquarters in Stockholm, according to a recent study.

Alliance touts tax cuts in election manifesto

Thu, 26 Aug 2010 14:49:00 +0200

The ruling Alliance coalition has promised its fifth in-work tax credit if it wins the election next month, it promised as it rolled out its manifesto on Thursday.

Relatives settle over eccentric Swede's tin can riches

Mon, 29 Mar 2010 16:58:00 +0200

The relatives of a man who spent the last three decades collecting empty cans on the streets of a town in northern Sweden have settled out of court over the division of his unlikely fortune.

Sweden a tax haven for investors

Fri, 26 Mar 2010 16:32:00 +0100

To the world, Sweden is known for dark winters, bright summers and the Nobel Prize. To Swedes it is also known for taxes, high taxes, and higher taxes. But to a growing group of investors it is known as Europe’s secret tax haven. By using an investment vehicle known as kapitalförsäkring, residents of Sweden can essentially avoid capital gains taxes from equity investments.

Investor buys big in defence concern Saab

Fri, 05 Mar 2010 10:40:00 +0100

The Wallenberg-family controlled firm Investor has purchased 11.2 million b-shares, 10.2 percent of the capital, in defence concern Saab. The price tag comes in at 1.1 billion kronor ($150 million), according to a statement.

Stockholm 'one of Europe's richest regions'

Thu, 18 Feb 2010 20:11:00 +0100

The Stockholm area is one of the ten richest regions in the European Union, according to new figures from Eurostat, the EU's statistics agency.

Swedish state's holdings outperform Stockholm exchange

Wed, 30 Dec 2009 15:23:00 +0100

The value of the Swedish state's stock portfolio grew by 55 billion kronor ($7.66 billion) in 2009, putting its current value slightly higher than it was in early 2007 before the financial crisis hit.

Payback unlikely for Swedes swindled by bogus brokers

Wed, 18 Nov 2009 17:02:00 +0100

More than one hundred Swedes who were defrauded of tens of millions of kronor by a group of phony stockbrokers will likely never see their money again.

SEB settles with wealthy widow over bad advice

Tue, 10 Nov 2009 18:48:00 +0100

After a decade receiving misguided investment advice, an 89-year-old Swedish woman has negotiated a settlement with the SEB bank worth hundreds of thousands of kronor.

US owners take major stake in Volvo Group

Mon, 17 Aug 2009 16:53:00 +0200

American investment firm Capital Group has become AB Volvo's second largest shareholder with six percent of the Swedish truck manufacturer.

Eccentric Swede turned empty cans into gold

Thu, 16 Apr 2009 15:07:00 +0200

The relatives of a man who spent the last three decades collecting empty cans on the streets of a town in northern Sweden were surprised to learn he was worth millions when he died.