Everyone has heard about Sweden from childhood, as it was Stockholm where the well-known fairytale heroes The Kid and Carlson lived. Let’s add here favorite of all IKEA, the band ABBA, cars of Volvo and Scania, companies like Spotify, Ericsson, H&M, Electrolux and μTorrent – the vision of the nation is made up of pieces.
As habitants of Sweden affirm, the better place for doing business is hard to find. This relates both to residents and citizens of other countries, who have the opportunity to buy, sell and invest projects on equal rights with the Swedes.
Nowadays, Sweden has a successful, diversify and exceptionally competitive economy. The open and liberal approach to international trade is defining lines of the national economy. For the prosperity of a small country with a huge economy, an emphasis on export is essentially important. Sweden enterprises sell abroad the widest assortment of goods. The country keeps a positive trade surplus from year to year.
Together with the prosperity of traditional branches, Sweden made a jump-start growth in the modern economy sectors over the past decades – digital technologies and telecommunications. The most stunning examples of success are the IP telephony developer Skype and musical streaming service Spotify.
The Swedes do not stop on achieved. For a decade, the share of informational technologies went up to 16% and already 5% of the working-age population is employed in the IT industry. Its distinctive feature in Sweden is a huge amount of young entrepreneurs in a small business. No wonder that Stockholm was recognized as one of the best European cities to launch startups in the sphere of digital technologies.
Startups can get grants, participate in different business incubators, financed by the government. For young entrepreneurs, there is a system of social protection, a so-called safety cushion, which can insure them while they start a business.
The capital is the main but not the only economical center. The prosperity level in Sweden is divided into its regions much more equal than anywhere in Europe. It is representational that this is the only country of the Old World, where in every even the least rich corner, the GDP share per capita is higher than on the average in Europe. The powerful economy and the high level of living are about modern Sweden in general.
Swedish prosperity is based on lessons which the country learned after the turmoil of the 1990s. Heavy reforms were justified, the same as the need for reliability of the treasury – now this is the admitted fact for Swedes, which are guided during the discussion of new laws. Sweden combines a well-considered financial policy with openness to foreign markets, development of competition and innovations, and decisive prevention of any kind of corruption. All these are components of Swedish success.
Stockholm is the European ecological capital
In 2010, thanks to efforts in living standards improvements, the European Commission called Stockholm the first European Green Capital. Work in this direction involves water reclamation, noise abatement, integrated waste management, the imposition of road traffic tax and recreation area widening. Thus, since 2016, the municipality of Stockholm has turned habitants and guests of the city to use public transport, starting to charge for entry and exit the city.
To understand how everything works as a whole, it is worth a visit Hammarby Sjöstad. The part where the industrial zone was located in the early 1990s is now the most prestigious and expensive part of the Swedish capital.
All waste in the country are standardized minimum in four independent systems and are recycled, accordingly, on heating, biogas, water for building heating systems and artificial reservoirs, which, in turn, produce electricity.
In Sweden, business is conservative about expenses
Although cultural assumptions and active participation of the Swedish government help startups grow up in full companies, conservative fiscal policy and discipline help them survive in the market. They save where they can: no luxury business class flights even for top management – this is not accepted in Sweden.
International relations between Ukraine and Sweden
In the world community, Sweden is known for stability in its neutrality and not joining to any military blocs. That is why many Swedish statesmen have authority with the international stage, often acting as mediators in the arrangement of different conflicts.
In terms of Swedish aid, Ukraine is an absolute leader not only among the countries of the Eastern Partnership, but also in comparison with the countries of Western Balkans and Turkey. Sweden continues to help Ukraine despite political changes and reforms backwards. Today, Sweden expects to see more significant results of its support in the fight against corruption, reforming the state machine and economy, as well as in the development of democratic institutions.
There are no contradictions concerning support of Ukraine among the main Swedish political forces. One of the reasons for such unanimity is that all parties, including populist, appeal to values such as human rights.
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
In China, two more developers are unable to repay their debts: Fantasia Holdings has been unable to repay bonds worth $ 205.7 million, and Sinic Holdings is uncertain about the repayment of $ 246 million in bonds, the BBC reports. The day before, trading in Evergrande shares was suspended on the eve of “an announcement […]
Telegram Messenger registered more than 70 million new users against the background of a large-scale failure of the social network Facebook and its services. The founder of the messenger Pavlo Durov announced this in his Telegram-channel. “Telegram’s daily growth rate is an order of magnitude higher than normal, and in one day we have received […]
Ukreximbank’s Chairman of the Board Yevhen Metzger has written a statement resigning during the investigation into the attack on journalists. “The situation around the bank is unacceptable. My overly emotional reaction and unrestrained behavior towards journalists are not justified. I am fully aware of my responsibility,” the statement said. To remove partially the damage to […]
The Italian Antimonopoly Authority has announced that investigating allegations of fairness and improper commercial practices of Apple’s cloud services, Google and Dropbox. Along with the recent investigation into alleged fixing of prices, Italy’s antitrust regulator has said, that separately examines how companies, including Apple, manage their business in the cloud services in the country. According […]Next
The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]Next
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]Next
Bread of Ukraine, SJSC was artificially brought in a stalemate bankruptcy. Therefore, the only logical way is a total reorganization of the assets and liabilities of the company, and the beginning of the working subsidiaries. This was announced by the Chairman of the Board of the company – Igor Kobelia. According to his words, as […]Next
Experts from Bank of America have admitted that the shares of the video service Zoom in the coming year may grow by 47%, writes CNBC. The TV channel quotes an analytical note of the bank. Bank of America has renewed the recommendation to buy Zoom securities. He set a target value for the company’s securities […]Next
The US Federal Aviation Administration (FAA) has ordered the state airline to inspect about 2,500 Boeing 737 aircraft for defective relays and cabin pressure drops. “An undetected failure of both relays could slow the crew’s detection of insufficient cabin pressure and result in the crew losing their ability to work due to hypoxia and, as […]Next
Shares of AT&T, which have lost 27.6% of value since the beginning of the year, rose up to 5.8% on Thursday after the publication of better-than-expected Wall Street analysts, earnings for the 3rd quarter, which ended on September 30. AT&T reported earnings per share of $ 0.76, which is 19% below last year’s value, but […]Next
Pfizer and BioNTech shares rose sharply on Monday by 4% and 10%, respectively. This happened after the US Food and Drug Administration (FDA) assigned an “accelerated” status to their two COVID-19 potential vaccines. Although the companies have not yet completed the final tests and have not received approval for the production and sale of their […]Next
The State Property Fund held an auction for the privatization of the property of the Ivankivka distillery located in the Cherkasy region. According to its results, the state budget should receive 90 million hryvnias, according to the agency’s website. It is noted that six participants competed for ownership at the open auction, which increased the […]Next
Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]Next
The “Agrotrade” Company Group renegotiated long-term agreements with the European Bank for Reconstruction and Development (EBRD) for the next 5 years, – said the press service of the company. According to the report, it will be key to the success of the Group companies, to improve the investment climate in the region, economic development and […]Next
The mRNA-1273 vaccine from the American company Moderna will be tested on three thousand children in six US states. CNN reported this on Wednesday, December 2. “Moderna has started inviting children over the age of 12 to try the vaccine” the statement said. It is noted that the study will involve volunteers aged 12-18 from […]Next
The American corporation The Walt Disney Company has announced the forthcoming closure of the animated studio Blue Sky Studios, which has created a number of world-famous cartoons. Bloomberg announced this on Tuesday, February 9, citing a company statement. “Given the current economic situation, after much deliberation and evaluation, we have made a difficult decision to […]Next
An art lecturer who had a 25-year relationship and a son with a teenage student said he was not sure he loved her any more than his dog and dismissed her as a mere lodger. Kim Woodward was a talented 19-year-old design student when she fell for artist Rupert Ashmore, a Jaguar-driving 36-year-old lecturer at […]Next
One of the most mysterious Ukrainian startups – the device developer to lucid dreamings Luciding – attracted new investments. This time the startup was financed by the iQSpace, for whom this was the first deal. The Luciding will receive in general about $ 20 000, and at this moment they received the first tranche – […]Next
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. Together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The company’s first plans […]Next