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TODAY IN SWEDEN

Today in Sweden: A roundup of the latest news on Monday

Heatwave alert as temperatures set to rise in Sweden, why you shouldn't get your hopes up for an interest rate cut this week, and Sweden's most bizarre tourist attraction is up for sale. Here's the latest news.

Today in Sweden: A roundup of the latest news on Monday
Traditional Midsummer's Eve festivities at Vinterviken, Stockholm, in 2024. Photo: Caisa Rasmussen/TT

Heatwave alerts as temperatures set to rise in Sweden

A heatwave is set to engulf large parts of Sweden this week, from Jönköping in the south to Örnsköldsvik in the north-east. 

Temperatures of 25-30C in the eastern half of that region are expected.

Swedish weather agency SMHI has issued a warning of high temperatures, saying the heatwave could cause “increased stress on the body. Risk highest for those with underlying health problems.” 

The heatwave is currently expected to stick around until Friday, a meteorologist told the TT newswire.

Swedish vocabulary: a heatwave – en värmebölja

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Sweden expected to keep interest rate unchanged for now

The Swedish Riksbank is set to make its next announcement on the country’s key interest rate, the so-called policy rate, on Thursday.

But no one really expects any other decisions than to leave it unchanged for now. 

Sweden’s inflation rate fell in May, but even before these figures were announced, Riksbank governor Erik Thedéen made it clear that the bank is not planning on lowering interest rates, stating there would need to be “very large changes” to even begin to discuss it in June.

The Riksbank has previously said it plans to lower the interest rate twice this year, but only after the summer.

This means the next interest rate cut could come in August or September.

Swedish vocabulary: to expect – att förvänta sig

Fewer incidents than expected on Midsummer Eve

Midsummer’s Eve, normally one of the days when emergency services get the most phone calls, was quieter than expected.

By midnight on Friday, SOS Alarm received around 11,500 calls to Sweden’s emergency number 112.

“It was pretty much like a normal Friday or Saturday evening,” SOS Alarm spokesperson Staffan Ekengren told TT.

These figures come with two caveats. Firstly, that Midsummer Eve celebrations continue well into the night, and the early hours of Saturday are not included. But Ekengren said that their impression remained that even the peak between midnight and 2am had been relatively quiet.

“We’ve had traditional Midsummer calls: drunkenness, arguments, traffic accidents during primarily the daytime hours, and drowning incidents. The overall feeling is still that it’s been calmer than we’re used to, despite the weather being good,” said Ekengren.

The second caveat is that Sunday, a busy day for post-Midsummer traffic, is also not included in the figures.

Swedish vocabulary: a caveat – en brasklapp

Sweden’s most bizarre tourist attraction for sale

One of Sweden’s most bizarre tourist attractions is again up for sale, for 40 million kronor, reports Upsala Nya Tidning.

Anyone who has driven between Uppsala and Gävle is bound to have noticed the Dragon Gate: a tall, grey Chinese-style building looming over the E4 motorway at Älvkarleby. It looks as misplaced as a red Swedish cottage would in China, but even more eye-catchingly imposing.

The Dragon Gate saga began in 2004, when Chinese billionaire Jingchun Li bought the former Hotel Älvkarlen with the aim of turning it into a hotspot “where east meets west”.  It features among other things an army of 200 replica terracotta soldiers and a huge Guanyin statue.

But the project has faced a series of problems over the years, including delayed openings, and confrontations with Swedish authorities on several occasions over building regulations and working conditions for staff. It has changed owners several times.

Swedish vocabulary: for sale – till försäljning

Member comments

  1. Hej, it’s the start of a new week. What stories would you like The Local to cover this week?

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TODAY IN SWEDEN

Today in Sweden: A roundup of the latest news on Tuesday

Swedish transport chiefs back new Öresund link – but not yet, new startups drop 27 percent on peak year, and Swedish property prices just rose for the sixth consecutive month. Here's the latest news.

Today in Sweden: A roundup of the latest news on Tuesday

Swedish transport chiefs back new Öresund link – but not yet

A new transport link between Sweden and Denmark is not yet needed, according to an analysis by the Swedish Transport Administration. 

“There is a societal benefit to developing new infrastructure across the strait. But we see no need for capacity reasons until in the very long term,” Lars Brümmer, Transport Administration strategist and project manager, told a press conference on Monday.

The Transport Administration believes that the Öresund Bridge will have enough rail capacity for another 25 years. The more urgent measures to improve the connection between the two countries are all land-based, including two new tracks between Hässleholm and Lund, as well as increasing capacity north of Hässleholm. That should be prioritised over new links across the Öresund Strait, it argues.

According to the Transport Administration’s report, the biggest threat to the railway connection across the Öresund in the short term is border checks, which have slowed down journey times between Copenhagen and Malmö.

Swedish vocabulary: a reason – ett skäl

Swedish new businesses drop 27 percent on peak year

A total of 29,384 businesses were started in Sweden in the first half of 2024, according to statistics from the Swedish Companies Registration Office reported by invoicing company Visma. That’s a decrease of nine percent compared to the same period 2023.

Västerbotten in northern Sweden was the only region that bucked the train, with growth of one percent. But at the other end of the scale, in Uppsala and Kronoberg the number of new startups decreased by 24 and 23 percent, respectively.

Sweden has been on a steady downward curve since the peak in 2021, when 40,108 businesses were started in the first six months of the year. 

Visma believes that unstable global geopolitics are a major factor behind the slowdown.

“It’s very serious that new businesses continue to decrease, because four out of five jobs are created in small and medium-sized businesses. More businesses need to be launched in the Swedish recession, not fewer,” said Visma business expert Boo Gunnarson in a statement.

Swedish vocabulary: a business/company – ett företag

Swedish property prices rise sixth month in a row

Swedish property prices rose for the sixth consecutive month in June.

Figures from state-owned mortgage bank SBAB and property site Booli indicate an increase of 0.2 percent in June, or 0.5 percent if adjusted for seasonal effects. In other words, property prices have increased 6.6 percent since the turn of the year, buoyed by falling interest rates.

The price of a detached home rose 0.3 percent in June and 0.6 percent for apartments, adjusted for seasonal effects.

That’s a bigger rise than normal for detached homes in the month of June, when activity normally slows as summer begins.

Swedish vocabulary: property prices – bostadspriser 

Swedish town puts one-krona plot campaign on hold after media frenzy

When Götene, a quiet lakeside municipality in Western Sweden, launched a campaign in April to sell plots of land for one krona per square metre, they never could have guessed that they’d be fielding thousands of calls from across the world a few months later.

All the media attention has put Götene municipality into “crisis mode”, mayor Johan Månsson told The Local, describing the situation as “like winning the lottery”. There are only one or two people manning the phone lines, which have been ringing constantly for the past week.

“It’s impossible to handle, we’ve had to pause the campaign until August 7th so we can catch up with all the expressions of interest.”

The media interest has also resulted in “millions of kronor worth of marketing” for Götene, Månsson said, with CNN describing the lakeside region as “idyllic” and “rural Sweden at its finest”.

“I’m not convinced that those of us working in the region or the people living here have really taken in what’s happening and what has happened,” he said. “I think it will take a while before we do. It’s fantastic.”

Swedish vocabulary: one krona – en krona (or if you’re talking about a one-krona coin, en enkrona)

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