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Statistics Sweden- Inflation rate of 8.0 percent in July 2022
According to Statistics Sweden the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 8.0 percent in July 2022. This marks a decrease from June when the inflation rate was 8.5 percent. On a monthly basis, the inflation rate according to the CPIF fell by 0.2 percent.   “Prices on electricity and fuels fell in July, which contributed to the CPIF’s first observed decrease since January”, says Carl Mårtensson, statistician at Statistics Sweden. In brief the indexes show that:
  • Food prices continued to increase, primarily prices for vegetables, milk, cheese and eggs.
  • Lower electricity and fuel prices contributed to a declining inflation rate in July.
  • The inflation rate according to CPIF excluding energy increased from 6.1 percent in June to 6.6 percent in July
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Exploratory Life Sciences & Health Visit to Stockholm & Gothenburg
From the 7th until the 11th of November 2022, the Regional Business Development Network Nordics, the Embassy of the Netherlands in Stockholm and Task Force Health Care will organize an exploratory Life Sciences & Health visit to Stockholm and Gothenburg, Sweden.  During this visit, various healthcare stakeholders in Stockholm and Gothenburg will be visited, amongst others, public, private and academic hospitals, knowledge- and research institutes and important health networks. The visit focuses on exploring opportunities and areas for future collaboration between Sweden and the Netherlands in the areas of eHealth, medical devices and healthy ageing. The program is still under development but will include the following elements:
  • Site visits in and around Stockholm and Gothenburg, e.g. to medical universities, elderly care organizations, companies and networking organizations.
  • Round table discussions on technology trends and possible collaboration opportunities in themes centered around digital health / elderly care.
  • Networking events.
After this trade mission, you will have strengthened your…
  • … knowledge of opportunities for your specific product/service in Sweden.
  • … entry strategy/sales & marketing strategy for your specific product/service.
  • … network of key opinion leaders and buyers in the Swedish LSH sector.
  • … approach to develop projects and/or sustainable business relationships in Sweden
If you want to be part of the Dutch LSH delegation, please register before 30 September 2022. Click to learn more.
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Despite challenging investment times: Propel Capital VI succeeds to raise capital as planned
35 experienced business angels contribute SEK 15.5 million, matched by SEK 14.5 million from the anchor investor Saminvest, in Propel Capital’s latest addition Propel VI. Propel Capital, Sweden’s most active private investor in tech companies, in collaboration with accelerator Sting, has since its start in 2014 invested in over 175 companies. Despite tough times on the stock exchange, interest was high, and Propel Capital VI was able to close as planned. Propel Capital invests in early-stage startups addressing important challenges especially within Sustaintech, Healthtech, Deeptech, and Digital innovation sectors. One of ’s success factors is the carefully selected composition of business angels. Out of the 35 investors in Propel VI, 24 have been in previous rounds of Propel, and 11 new angels have joined Propel VI The venture capital company Saminvest is once again the anchor investor, which enables continuity and further strengthening of the ecosystem and business life in this region. Another factor is the great follow-up investment activity from the angels and so far, over 50% of all Propel’s companies have attracted a follow-up investment from the business angels. “It was incredibly important to close Propel VI, in a season where the rest of the world is on shaky ground. With such uncertain economic times, it feels good to be able to offer the companies in our programs an advanced investment as well as access to very interesting follow-up investors. It’s also very exciting that so many of our old propel angels together with anchor investor Saminvest, choose to join again. That, in combination with so many new exciting investors, is incredibly valuable to us. It’s a strong network, which is meaningful to our entrepreneurs to connect with.” - Pär Hedberg, CEO at Sting Saminvest is a venture capital company that invests indirectly and together with private capital. By investing in new funds managed by teams with sufficient qualities and a long-term perspective, Saminvest contributes to developing the Swedish venture capital market. In this way, Saminvest contributes to giving innovative and fast-growing companies access to both capital and ownership expertise. The efforts should lead to the development and renewal of Swedish business life. Sting is an accelerator for startups. We are a non-profit organisation, owned by a public-private foundation. This makes them an independent, founder-centric player who always acts based on what’s best for your startup. Sting is celebrating 20 years this year! Since 2002, they have supported hundreds of promising Stockholm-based startups. As a non-profit organisation there is no hidden agenda, and they always do what’s best for their companies. Sting has also taken an active part in developing several key components of the startup ecosystem in Stockholm and Sweden for almost 20 years.   Click to learn more.
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Parents in Netherlands to get 9 weeks parental leave at 70% pay
From August 2, 2022 new parents in the Netherlands can get nine weeks of paid parental leave. They'll get 70 percent of their daily wage during those nine weeks. Currently, parents can take 26 weeks of parental leave in the first eight years of their child's life. The government decided to reimburse parents 70 percent of their income for the first nine weeks, which must be taken in the first year of the child's life. The other 17 weeks will remain unpaid and can be taken up to the child's eighth birthday. Parents who had a child before August 2 can also use the scheme until their little one's first birthday.   Click to learn more. Magnus.Liam.Karlsson/Imagebank.sweden.se
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The Netherlands has Sixth-Highest Disposable Income in Europe
A new report by the Swiss Federal Statistical Office (FSO) has ranked people living in the Netherlands as having some of the highest levels of disposable income in Europe, beating the likes of Germany and Sweden.  The FSO income distribution report concluded that Switzerland has one of the highest standards of living in Europe, in spite of the country’s high living costs. As part of the investigation, the office also looked at salaries and living costs in countries across the continent. All compulsory expenditures (i.e. taxes and health insurance) in 2020 were calculated and deducted from the average annual income. The FSO then divided this figure by the average number of members per family or household that depend on this income in order to determine how much disposable income each member of the population has. While Luxembourg, Norway, and Switzerland were found to have the highest levels of disposable income, the Netherlands achieved a perfectly respectable sixth place. The FSO reports that, in 2020, people in the Netherlands had an average disposable income of 22.117 Swiss francs a year - or about 21.379 euros. According to data acquired by the FSO from the European statistical office Eurostat, these countries have the highest levels of disposable income:
  1. Luxembourg
  2. Norway
  3. Switzerland
  4. Austria
  5. Belgium
  6. The Netherlands
  7. Germany
  8. Denmark
  9. Finland
  10. Sweden
To read more, click . Photo Credit: Lukasz Radziejewski
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Sweden the Innovative Country
Sweden has a history of stretching the boundaries and coming up with groundbreaking ideas. From life-saving seatbelts to revolutionary Bluetooth technology and green batteries. To watch the video click . Here are just a few of the many reasons that explain why Swedes are world-leading innovators. Keep an eye out for our upcoming live Tech Table Events at the Swedish Chamber of Commerce! To read more, click .
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WELCOME NEW MEMBER- SAE INTERNATIONAL
The Swedish Chamber of Commerce gives a warm welcome to new Member SAE International. SAE is a non-profit organization dedicated to the advancement of mobility knowledge and solutions for the benefit of humanity. SAE’s relatively small staff of 300 persons supports 200,000 volunteers worldwide who do the real work. For over 100 years, these dedicated professionals do everything from mentoring children and engineering students to contributing to technical papers and standards. As a global organization, SAE International has offices in the USA, UK, Netherlands and China and works with affiliate SAE organizations in Brazil and India and provide the following:
  1. Neutral forums that abide by international anti-trust guidelines for engineers to convene and collaborate on issues that affect their broader industries and society
  2. Consensus-based standards that advance quality, safety and innovation
  3. A global community whose diverse wisdom makes mobility safer, cleaner and more accessible
  4. The most reliable and comprehensive collection of peer-reviewed engineering resources in mobility
  5. STEM education and collegiate programs to inspire and build mobility’s future workforce
  6. Professional engineering and management training to advance careers and build adaptable workforces
  Welcome! Click to learn more.
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MENTORSHIP PROGRAM 2022-2023
SAVE THE DATE for the Swedish Chamber of Commerce Mentorship Program 2022-2023. The Swedish Chamber of Commerce Mentorship Program was launched in October 2012. Since then, more than 100 Young Professionals of the Swedish Chamber have followed the program and benefited from their future personal and professional growth. The many Mentors have benefited to meet the new generation leaders of the future and learning more about their insights and values. The Swedish Chamber of Commerce Young Professionals Mentorship Program is an 7-month program consisting of 5 mandatory Seminars and workshops covering topics as leadership, digitalization, business culture, personal development and mindfulness and recovery. The sessions are inspired and supported by senior business professionals from across all fields and sectors within the Swedish-Dutch business community. It strives to provide participants with the opportunity to grow in their careers and to enrich their personal developments by exchanging experiences, views, and knowledge. By using the Chamber’s extensive network of international business leaders, the program offers Young Professionals a unique Mentor experience under the supervision of The Swedish Chamber of Commerce Mentorship Program Program Manager Henrik Jan Guitink, Managing Partner of AIMS International Netherlands B.V. For more information, follow the link:       
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