Sweden Economy

India ranks 39th in GII 2024; Switzerland leads for 14th consecutive year

The GII report uses seven indicators: Institutions, Human Capital and Research, Infrastructure, Market Sophistication, Business Sophistication, Knowledge and Technology Outputs, and Creative Outputs

How ditching paper money has made Sweden a haven for digital criminals

Online fraud and digital crime in Sweden have surged, with criminals taking 1.2 billion kronor in 2023 through scams

Sweden to resume funding UN agency for Palestinians as Gaza hunger grows

Another top donor to the UN agency aiding Palestinians said on Saturday that it would resume funding, weeks after more than a dozen countries halted hundreds of millions of dollars in support in response to Israeli allegations against the organisation. Sweden's reversal came as a ship bearing tons of humanitarian aid was making preparations to leave Cyprus for Gaza after international donors launched a sea corridor to supply the besieged territory facing widespread hunger after five months of war. Sweden's decision followed similar ones by the European Union and Canada as the UN agency known as UNRWA warns that it could collapse and leave Gaza's already desperate population of more than 2 million people with even less medical and other assistance. The humanitarian situation in Gaza is devastating and the needs are acute, development minister Johan Forssell said in Sweden's announcement, adding that UNRWA had agreed to increased transparency and stricter oversight and controls. Swede

Sweden joins Nato bidding farewell to more than 2 centuries of neutrality

Sweden's last war ended in 1814, and when the rifles and cannons it aimed at Norway fell silent, the once-warring power would not take up arms again. For the next two centuries, Sweden embraced a policy of neutrality, refusing to take sides in wars or join any military alliance. It was a stance that kept peace at home and contributed to the country becoming a prosperous welfare state and humanitarian superpower. This remarkably long era of nonalignment is coming to a close as Sweden joins NATO. The ceremonial formalities are expected soon, after 18 months of delays while Turkey and Hungary held up ratification and sought concessions from other members of the alliance. Sweden is now leaving 200 years of neutrality and nonalignment behind us," Swedish Prime Minister Ulf Kristersson said after Hungary's Parliament gave its approval Monday, overcoming the final hurdle. "It is a big step. We must take that seriously. But it is also a very natural step that we are taking. Sweden, like ..

Foreign ministers of Sweden, Latvia arrive in Delhi for Raisina Dialogue

Sweden's Foreign Minister Tobias Billstrom and Latvia's Foreign Minister Krisjanis Karins arrived in India on Tuesday to attend the Raisina Dialogue set to be held in New Delhi from February 21-23.The Ministry of External Affairs official spokesperson, Randhir Jaiswal, stated that the two leaders were extended a warm welcome in Delhi.In a post on X, Randhir Jaiswal stated, "Greetings to our esteemed guests arriving for #RaisinaDialogue2024! FM @TobiasBillstrom of Sweden & FM @krisjaniskarins of Latvia arrive to a warm welcome in New Delhi."Earlier, Greek Foreign Minister Giorgos Gerapetritis arrived in New Delhi to attend the Raisina Dialogue.Raisina Dialogue is India's flagship conference on geopolitics and geoeconomics, committed to addressing the most challenging issues facing the global community.The ninth edition of Raisina Dialogue is set to be held in Delhi from February 21-23. It is being organised by Ministry of External Affairs in collaboration with the Observer ...

Turkey's parliament approves Sweden's Nato membership, lifts key hurdle

Turkish legislators on Tuesday endorsed Sweden's membership in NATO, lifting a major hurdle on the previously nonaligned country's entry into the military alliance. The legislators ratified Sweden's accession protocol by 287 votes to 55, with four abstentions. The ratification will come into effect after its publication in the Official Gazette, which is expected to be swift. Hungary then becomes the only NATO ally not to have ratified Sweden's accession. Today we are one step closer to becoming a full member of NATO, Swedish Prime Minister Ulf Kristersson wrote on X, the platform formerly known as Twitter. The U.S. Ambassador to Turkey, Jeff Flake, also welcomed the Turkish parliament's decision calling it a great move for Sweden, Turkey and NATO. NATO-member Turkey had been delaying Sweden's membership for more than a year, accusing the country of being too lenient toward groups that Ankara regards as security threats. It has been seeking concessions from Stockholm, including a ..

The cashless economy: Sweden's switch to digital tells a cautionary tale

Sweden's an extreme case: It's a small, tech-savvy economy. But the direction of travel is the same everywhere, accelerated by a pandemic that saw QR codes replace restaurant menus

Swedish weapons giant Saab to build Carl-Gustaf M4 rocket launcher in India

Swedish weapons giant says legacy supply chain can switch to new product

Sweden reports inflation of 3.6% in November, highest in 28 years

Sweden's inflation rose to 3.6 per cent in November, up from 3.1 per cent in October. This is the country's highest inflation since 1993, Statistics Sweden said in a statement.

Swedish govt promises $12 billion to kick-start economy in 2021 budget

The Social Democrat and Green coalition said the budget would focus would be on boosting jobs among others.

Sweden election 2018: Immigration among the most important issues to voters

The country of about 10 million people will hold national elections on September 9