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Svenskt Näringsliv
Svantesson: No Exceptions to the Budget
No exceptions – not even for nuclear power. This will be the main rule when Sweden switches from surplus targets to balance targets in the state budget in three years, according to Finance Minister Elisabeth Svantesson (The Moderate Party).
Bankruptcy Wave Threatens as Pandemic Debt Must be Paid
Approximately 13,500 limited companies are jointly liable for 30 billion kronor in deferred taxes from the pandemic. Now they will have to pay.
Swedish Export Threatened by Trump Victory
Donald Trump appears to be winning the American presidential election. This can have major effects on the Swedish economy.
More Unpredictable Electricity Prices – but Increased Flows
The flow of electricity to southern Sweden is increasing and the price picture becomes slightly more complicated. The effect is already visible on the first day with flow-based capacity calculation of electricity prices, according to Erik Ek, strategic operations manager at Svenska kraftnät.
Risk of Higher Electricity Prices - Business Community Says No
Even the Confederation of Swedish Enterprise now wants to pause the new model for electricity transmission that is to be introduced at the end of October. The model risks leading to higher Swedish electricity prices, according to both experts and electricity producers.
Thousands of Officials Laid Off in Recent Months
The labor market for privately employed officials remained tough during the third quarter, and 4,086 officials were laid off, according to the reorganization organization TRR. "Unfortunately, we do not see any recovery in the labor market during the autumn," says Johan Lagerhäll, CEO of TRR, according to a press release.
Companies Expect More Layoffs to Come
Swedish Enterprise signs a new economic forecast, painting a sluggish picture of the Swedish economy where unemployment persists. Economic growth, measured as GDP, only increases by a moderate 0.
Unions and Employers: Cut Interest Rates Faster
Unemployment is increasing and the economy is weak – unions and employers are pressing the Central Bank to lower the interest rate faster. "Time to take a bigger step and lower by 50 points", says Sacos chief economist Håkan Regnér.
Business Community: "Every Stopped Electricity Project Worries"
The government's plans for billion loans and gigantic price guarantees to nuclear power can hardly be called technology-neutral, thinks Svenskt Näringsliv's CEO Jan-Olof Jacke. And that Vattenfall is putting the brakes on offshore wind power is unfortunate.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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