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.
The Ministry of Infrastructure has developed a draft order that will allow Ukraine to establish production of hydrogen-powered cars. This was reported on the website of the ministry. It is noted that today in Ukraine there are no requirements for hydrogen transport. These are electric vehicles on hydrogen fuel cells. They run on compressed hydrogen. […]
PrivatBank warns users about a new fraud scheme that uses a fake website and at the same time the bank’s logo. This was reported by the press service of the Bank. It is noted that the Bank’s security service found the site p-invest.site, which was registered by unknown individuals in the United States and which […]
In 2020, corruption caused JSC Ukrzaliznytsia 8 billion hryvnias in losses. The head of the Temporary Investigation Commission of the Verkhovna Rada on UZ Yulia Hryshyna with reference to NABU data announced this. “NABU has carried out significant analytical work on Ukrzaliznytsia’s procurement. Detectives estimated Ukrzaliznytsia’s losses from corruption in procurement at UAH 8 billion […]
The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries. “Ukraine creates conditions for attracting investors. The current rules of access to subsoil […]
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 […]
OPEC + member states have agreed to increase oil production by 400,000 bpd per month from August. This is stated in a press release from OPEC. It is noted that the OPEC + countries will seek to eliminate the current restrictions in September 2022. Thus in December, 2021 the estimation of the market is given. […]
Poland and Denmark have solved problems related to the construction of the Baltic Pipe gas pipeline. The representative of the Polish government on strategic energy infrastructure Petro Naimski announced this on Polish Radio. “An agreement has been reached and work has resumed,” he said. Currently, the laying of 100 km of offshore section of the […]
Former head of Ukrzaliznytsia Volodymyr Zhmak filed a lawsuit demanding that the company’s order to terminate his employment contract be declared illegal. This was reported by Interfax-Ukraine with reference to the materials of the court proceedings №2 / 761/9699/2021, which were published in the Unified Register of Court Decisions. Zhmak asks to reinstate him as […]
According to the CEO of Astarta, Victor Ivanchik, the investment plan has already been approved. The money also will be spent on the modernization of agricultural production and technology, modernization of sugar factories. The total investment of agricultural holding Astarta for 2016 remains at the level of 2015 and amounts to € 24 million, 60% […]Next
Chinese Internet company Alibaba and electronics manufacturer Xiaomi will be included in stock exchange index Hang Seng Index from September 7, said the operator’s Hang Seng Indexes. Earlier, the operator announced the results of the review of indexes for the quarter ended June 30. Along with Alibaba and Xiaomi, the index will also include WuXi […]Next
Pfizer CEO Albert Burla has postponed a visit to Israel because he has not yet been fully vaccinated against COVID-19. Burla himself and members of the delegation have not yet received a second dose of the vaccine. The Pfizer spokesman stressed that they are still interested in visiting Israel. Now the visit can be postponed […]Next
Darnytsia launches five types of drugs for the treatment of cardiac, neurological, gastroenterological and respiratory diseases. This was reported by the company’s press service. So, in March, a drug for the treatment of dementia Memtek was introduced. It is produced for Darnytsia in the European Union. It is noted that the acceleration of the release […]Next
In Ukraine it may soon be a new bank, whose founders will be the Arab leaders of business – community. About this initiative, which sounded Ukrainian-Arab Business Council, informs UNIAN source. This proposal of Council was strongly supported by the authorized persons of the National Bank and the Cabinet. The ofmeeting of business circles of […]Next
A number of investment companies in the world are interested to invest money in the construction of solar power plants in the Chоrnobyl zone. Among them are China, Germany, Austria and others. It is reported by investment portal InVenture. Head of Ministry of Environmental Protection of Ukraine Ostap Semerak stressed the fact that the Ministry […]Next
Shares of PayPal, increased up to 70.7% since the beginning of the year, continued to rise after the announcement of the financial results of the 2nd quarter which ended on June 30. This is not surprising given the growth of digital payments against the background of the global pandemic COVID-19. “The world has moved into […]Next
On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement. According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for […]Next
In 2017, stops its work another bank in Ukraine. This is the PJSC Bank Trust . The decision on liquidation of the financial institution was taken on December 29th at the meeting of the National Bank of Ukraine. Information about this was also posted on the official resource of Guarantee Fund deposits of natural persons. […]Next
December 23, 2015, the representatives of the largest streaming service in the USA Pandora Media reported that the company absorbed the music service Rdio, which become bankrupt, for $ 75 million. The deal was approved by the judge on the bankruptcy. There were no competing bids for the purchase of service. Pandora now becomes the […]Next
The company PepsiCo announced the best results of its third quarter, which ended on September 5. Shares of the PepsiCo have fully recovered after the falling in February and March due to the coronavirus pandemic and show the increase of 1.4% since the beginning of the year and 17.34% over the past 6 months. Shares […]Next
According to the sources, “Gazprom”, JSC demands to annul the decision of the Antimonopoly Committee of Ukraine (AMCU) of the fine in the amount of 85.966 billion UAH through the Commercial Court of Kiev. The claim is registered in the court on April, 12. “Naftogaz of Ukraine” and “Ukrtransgaz” must be the third parties in […]Next
Recently, it became known that the degrouping of the HarvEast company from its assets took place in March in Crimea, – says the press service of the company. “The decision to sell the assets of the HarvEast on the peninsula was rendered in 2013 due to the fact that this area belongs to the high-risk […]Next
One of the world’s largest investment banks, Goldman Sachs, has sold shares worth $ 10.5 billion because of large package deals, Bloomberg reports, citing a customer newsletter. The bank sold securities of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. worth $ 6.6 billion before the opening of American markets. The bank then […]Next
The current state of the financial sector is assessed as the best in recent years, and no negative changes are expected in the next six months. The heads of financial institutions of Ukraine gave the corresponding assessment and forecast. This follows from the results of a survey on systemic risks in the financial sector of […]Next
Why “to speak about itself” is so important for any business? In the conditions of the competitive struggle for money of the buyer bright, attractive advertizing is the integral attribute of successful business strategy. What is the main secret how to make the prospective client purchase what you are offered to buy for him ? […]Next