Tuesday, February 27

Sweden

Sweden’s Largest Energy Exporter in Europe in 2022
Business, Europe, News, Sweden

Sweden’s Largest Energy Exporter in Europe in 2022

The energy crisis in Europe last year turned the energy trade upside down. For example, in 2022, Sweden will overtake France as the region's largest exporter. This was mainly because France had to shut down several obsolete nuclear power plants for maintenance work last year. Sweden sent 33 terawatt hours to other countries last year. The Scandinavian country thus became Europe's top exporter for the first time, according to data from ENTSO-E analyzed by consultancy Rystad Energy. ENTSO-E is the European Network of Electricity Transmission System Operators. France, which has many nuclear power plants, was still Europe's largest exporter of energy in 2021. However, the problems with the nuclear power plants made the country the second-largest energy importer by 2022. The United K...
Swedish Ruling Party to Announce NATO Position on May 15
Europe, News, Sweden

Swedish Ruling Party to Announce NATO Position on May 15

Sweden's ruling party will announce on May 15 whether it wants Sweden to join NATO. Since the Russian invasion of Ukraine, the country has been increasingly vocal in favour of joining the military alliance.   An approval from the Social Democrats is likely to clear the way for a Swedish application. Prime Minister Magdalena Andersson's party has opposed NATO membership in the past and reiterated its position at the last party conference in November. The war in Ukraine has made affiliation to NATO a topic of discussion within the ruling party and among Sweden. Membership is also being considered in neighbouring Finland. The Finnish ruling party is expected to announce its position on 14 May. NATO boss Jens Stoltenberg recently said that both Finland and Sweden could quickly join th...
Swedish Economy Shrinks, Inflation is Noticeable
Business, Europe, News, Sweden

Swedish Economy Shrinks, Inflation is Noticeable

Sweden's economy contracted in the first quarter of this year. In addition, the Scandinavian country notices that inflation is beginning to gnaw on the purchasing power of Swedes.   In addition, consumer sentiment is less due to the war in Ukraine. According to preliminary data from the Swedish Statistical Office, the gross domestic product fell 0.4 percent in the first quarter from the previous three months. Swedish consumers have faced the most significant price increases in more than three decades. High inflation has also led to a shift in central bank policy. The Riksbank has abandoned its plans to keep the key rate at zero until 2024 and raised it to 0.25 percent. As a result, it is the first time since 2014 that Swedish interest rates are above zero again. After a surprising...
Sweden Gets a Woman as Prime Minister for the First Time
Europe, News, Sweden

Sweden Gets a Woman as Prime Minister for the First Time

In Sweden, Magdalena Andersson, the leader of the Social Democratic Party, has been elected Prime Minister. She is the first woman ever to hold that post.   Andersson succeeds party colleague Stefan Löfven, who resigned earlier this year after losing a confidence vote in parliament. Also, for Andersson, a government crisis is imminent. You cannot really call the appointment of Magdalena Andersson really convincing. 117 MPs voted in favour, 57 abstained, and 174 voted against. But Sweden's constitution provides that a prime minister can be appointed without a majority, as long as most MPs do not vote against it. So that would have to be 175, only 1 vote against more than was the case now. So with the heels over the ditch. In any case, weeks of uncertainty over who would lead the go...
Sweden Temporarily Does Not Give Moderna Vaccines to Young People
Europe, News, Sweden

Sweden Temporarily Does Not Give Moderna Vaccines to Young People

The Swedish health service is temporarily not administering Moderna corona vaccines to young people born in 1991 or later. The decision was made as a precaution due to concerns about an increased risk of side effects.   Vaccinated people, in rare cases, have to deal with inflammation of the heart muscle and the pericardium. Symptoms include shortness of breath, palpitations and chest pain. The complaints often disappear on their own and can be treated well, but a doctor must be consulted. The health service reports based on preliminary research that cases of inflammation of the heart muscle and the pericardium are linked to the vaccine. The side effects often started in the first weeks after the second injection. The side effects mainly occurred in young men. The Moderna vaccine w...
Sweden Police Intervene in Climate Protests in Stockholm
Europe, News, Sweden

Sweden Police Intervene in Climate Protests in Stockholm

The Swedish police intervened on Friday in protests by climate activists. They blocked two bridges in the centre of the capital Stockholm.   Police say activists have broken the rules to prevent the spread of the coronavirus. A maximum of fifty people was allowed to gather. The police could not say precisely how many activists were on the leg, but according to Swedish media, it concerned groups of about eighty people. A third demonstration took place at an office building in the west of the city. The protests were peaceful, according to the police. Several demonstrators would have been removed from the bridges. Action group Extinction Rebellion says it is protesting against the inability of politics to combat global warming. "We are fed up with broken promises and fine words," s...