Latest Scandinavian Business News

Saab to build factories in Qingdao, China

Qingdao Qingbo Investment, State Power Group, and NBE Sweden AB signed an agreement on Jan 7 to build Saab cars in Qingdao, Shandong province, China. The three parties involved pledged to invest 10 billion yuan ($1.6 billion) to construct a vehicle factory for manufacturing automobiles powered by both conventional internal-combustion engines and alternative fuel engines.…

China and Vietnam, Finland’s Tsunami rescuers

After a speculation over this year’s recession period being extended to the forth quarter, some of businesses in Finland have already set their eyes on the international markets for help. Manufacturers, including engineering company Metso Oyj (MEO1V) and papermaker UPM-Kymmene Oyj (UPM1V), are moving production closer to their customers in emerging markets in response to…

TUI to lead off direct flights from Scandinavian cities to Phuket

TUI Travel is aiming to drive more business to Thailand this year, following the roll-out of its new Boeing 787 Dreamliners, reports Travel Daily Media. Europe’s largest leisure travel company revealed today that it will commence Dreamliner flights to Phuket from two Scandinavian cities – Stockholm and Copenhagen – as TUI Nordic aims to boost…

Mortgages for foreigners available again in Thailand

The Phuket News recently published an article by Jerry Dingley and Tim Whiteley, informing its readers about a new regulation that allows Thai banks to give loans to foreigners who wish to buy ‘specific’ property in Thailand. According to the authors, over the past 20 years, loan offerings to foreigners “came and went almost unnoticed…

Thoresen Shipping opens European chartering office in Denmark

Thoresen Shipping, a Singapore-based leading owner and operator of dry bulk vessels, on January 3, announced the opening of its first commercial office in Denmark. The move represents Thoresen Shipping’s first commercial office in Europe, and will serve the Company’s growing group of existing and potential clients with dry bulk cargo requirements in Atlantic and…

Telenor awaits to raise stakes in Malaysia’s Digi

Jon Fredrik Baksaas at Shah Alam. – Shahrul Fazry Ismail/The Star Norwegian Telenor ASA is not opposed to further increasing its stake in DiGi.Com Bhd but will decide on the exact percentage once the Malaysian Government issues more details on the plan to further liberalise the local telecoms sector to allow foreign equity ownership to…

Denmark ready to help China to reach its green goals

China plans to invest billions in green technology and Danish minister of trade, Pia Olsen Dyhr says that Denmark got the solution needed by China. An investment of 320 billion DDK to cut air pollution in China’s 117 largest cities by 5 percent in 2015 is the latest announcement from the Chinese Ministry of Environment,…

DNV and GL announce merger

Norwegian classification society Det Norske Veritas (DNV) and German classification society Germanischer Lloyd have agreed to merge their respective businesses in 2013.  The new entity will be called DNV GL Group, reports Forbes. From left to right: Hinrich Stahl, Maryland GmbH, Erik van der Noordaa, CEO GL Group and Henrik O. Madsen, CEO DNV. Photo:…