Latest business news and updates from Sweden in English.
Sweden's wind power sector faces a near-total investment freeze, with three straight quarters showing minimal activity. Analysts confirm current projects lack commercial viability, threatening the country's renewable energy transition.
Swedish researchers propose state-funded gas turbines as insurance against electricity shortages. The solution would cost around 4 billion kronor annually but provide quick response during power deficits. Nuclear expansion plans won't solve this specific reliability issue according to energy experts.
Swedish apartment owners face selling challenges as market conditions tighten. New data reveals many fear losing money on their properties, creating potential lock-in effects across the housing sector. This situation could reduce mobility and limit options for both sellers and buyers.
Southern Swedish electricity prices more than doubled in October compared to last year, with average rates reaching 60-70 öre per kWh. Northern regions maintained significantly lower prices at 13-14 öre, highlighting the country's divided electricity market. The price surge comes as households prepare for winter heating costs.
Private car leasing in Sweden surged 20% this year, but consumer advocates warn about hidden costs. While offering new vehicles without down payments, these 36-month contracts can include expensive surprises for drivers exceeding mileage limits or returning vehicles with unexpected wear.
Swedish grocery chains are cutting prices by up to 25% ahead of an annual consumer survey that identifies the cheapest supermarkets. The timing suggests strategic pricing rather than genuine discounts. While shoppers get temporary relief, the practice raises questions about consistent pricing throughout the year.
A Gothenburg luxury real estate agent loses her professional license after regulatory investigation. She failed to submit required documentation about client funds and knowledge checks. The agent calls the decision devastating and plans to appeal.
Sweden's Stockholm exchange opened with minor declines Thursday as the OMXS index fell 0.1%. Electrolux shares surged 9% on strong earnings while Saab and Boliden led losses among major companies.
Swedish energy giant Vattenfall reports substantially higher third quarter profits, with operating earnings reaching 6.2 billion kronor. The state-owned company also saw increased sales revenue amid Europe's evolving energy landscape.
Stockholm's stock market shows sharp divisions with some companies hitting records while others struggle. Analysts identify one promising sector despite ongoing economic challenges. The market reaches new highs despite persistent downturn pressures.
A young worker in northern Sweden's green industry was denied her first month's pay despite working for a Stegra subcontractor. The case reveals payment risks in complex industrial supply chains as Sweden expands its sustainable industries.
Swedish automotive supplier Bulten cuts half its Gothenburg workforce amid industry changes. The company eliminates 35 positions affecting most departments. These reductions reflect broader challenges facing Sweden's automotive sector.
Erik Paulsson, founder of Nordic construction giant Peab, has died at age 83. The real estate magnate built one of Scandinavia's largest construction companies from small beginnings. Paulsson passed away peacefully in his sleep, according to company officials.
Two former Bravida managers convicted for billing $190,000 in fake electrical work at Swedish hospital. Department manager gets prison time while service leader receives conditional sentence. Whistleblower exposed the multi-year fraud scheme.
Two Bravida executives convicted after secret recordings revealed systematic overbilling of Swedish healthcare services. The fraud targeted Region Skåne through inflated invoices for work never performed. A third manager was acquitted in the high-profile case.
Swedish truck maker Scania reports 26% profit drop in Q3 with sales declining to 46.9 billion kronor. The company faces challenging market conditions across European operations amid reduced demand.
Stegra's major steel plant project in northern Sweden faces waste sorting issues at worker housing sites. Despite environmental ambitions for low-carbon steel, basic recycling systems are failing. Local authorities note the contradiction between green technology goals and practical waste management challenges.
Sweden's housing market shows lasting pandemic effects with larger apartments maintaining strong price growth. Work-from-home culture continues to drive demand for spacious living arrangements in major cities. Market statistics reveal clear preference shifts toward three and four-room units.
Scandinavian Airlines cancels Stockholm-Kalmar and Stockholm-Halmstad flights during Christmas due to low demand. The airline says market research showed the routes wouldn't be financially viable during the holiday period. Regular service resumes January 6.
The West Swedish Chamber of Commerce has appointed its first female CEO in 362 years. The selection came from 164 applicants, with the board chair ultimately chosen for the role. This marks a historic leadership change for one of Sweden's oldest business organizations.
Sweden's popular Swish payment system faced technical disruptions overnight, affecting transactions through SEB bank. Multiple Swedish banks conducted simultaneous maintenance work, potentially compounding service issues. The problems were resolved by early Sunday morning.
Swedish housing costs have flipped - owning now beats renting for the first time in four years. Homeowners save 600 kronor monthly compared to renters in major cities. This shift creates new opportunities for potential buyers.
Radiation damage in a reactor tank weld threatens to prevent one Swedish nuclear reactor from receiving a planned 20-year lifespan extension. Vattenfall's $5 billion extension plan for five reactors faces technical and supply chain challenges. The decision highlights the complexities of maintaining aging nuclear infrastructure.
Swedish school company Academedia plans to distribute 400 million SEK to its owners through a special redemption program. The move comes despite ongoing debates about profit-taking in Sweden's education sector. The company reported 321 million SEK in post-tax profits for its latest fiscal year.