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  • 3 Nordic Banks Help Iceland Prop Up Currency
    The central banks of Sweden, Denmark and Norway have lent Iceland emergency credit of up to $2.3 billion to shore up its swooning currency and forestall a broader economic collapse.
  • Canada beats Sweden 5-4 to reach World Hockey final
    Canada advanced to the gold medal game of the World Ice Hockey Championships Friday with a four-goal rally in the second period to beat Sweden 5-4. Mike Green scored the winner and had two assists for defending champion Canada who will face Russia in
  • Sweden's Tranquil Dalaro
    Nearly 20 years ago, during a long bicycle trip through Europe, a friend and I happened upon a small coastal town that was too alluring not to stop in. We were about 25 miles southeast of Stockholm, pedaling north from Copenhagen to meet up with a
  • Stockholm opens leading cruise terminal
    The new 'super' terminal has been built in response to demand from cruise lines and follows a bumper year of cruise ship visits to Stockholm in 2007, making it the fifth largest cruise destination in Northern Europe. A total of 281,000 passengers visited
  • Sweden's Seco Tools sets up metal-cutting subsidiary in Ukraine
    KIEV, May 15 - Sweden's Seco Tools AB, one of the world's biggest metal-cutting tool producers, created a subsidiary in Ukraine, Seco Tools Ukraine, that will be based in Dnipropetrovsk. 'The new daughter companies were created in Russia and Ukraine to
  • Details: Stockholm and Its Archipelago
    GETTING THERE: In the summer, round-trip fare from the Washington area to Arlanda Airport, about 25 miles north of Stockholm, starts at about $1,040. The fastest way to Stockholm Central Station is the 20-minute Arlanda Express train (
  • Iceland agrees ,1.5bn swap scheme
    Iceland's central bank has signed ,1.5bn of swap agreements with the central banks of its Scandinavian neighbours, Sweden, Norway and Denmark as it steps up efforts to fight economic uncertainty, record inflation and a collapse in the krona.The
  • Day of Macedonian Culture in Helsingborg, Sweden
    English Helsingborg, May 16 (MIA) - Macedonian club 'October 11' from Swedish town Helsingborg organises Saturday traditional 'Day of Macedonian Culture', marking its 30th anniversary.Patron of the most visited Macedonian cultural manifestation in
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A military power during the 17th century, Sweden has not participated in any war in almost two centuries. An armed neutrality was preserved in both World Wars. Swedens long-successful economic formula of a capitalist system interlarded with substantial welfare elements has recently been undermined by high unemployment, rising maintenance costs, and a declining position in world markets. Indecision over the countrys role in the political and economic integration of Europe caused Sweden not to join the EU until 1995, and to forgo the introduction of the euro in 1999.

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