This is our summary of the past week’s business news from Sweden, a quite eventful week!

Skandiaporten, a major project by the port of Gothenburg, received approval by the European Commission to receive governmental financial support. The project aims to deepen the port’s waterways and to strengthen parts of existing port infrastructure. The project budget is 4,3 billion SEK and is expected to be finished by 2028.

Stefan Ingves, the former Governor of Riksbanken, came out in support of Sweden adopting the Euro this Friday. After previously being neutral on the topic, Ingves stated his support in an interview with SR. ‘’Sweden is a member of the EU and it is probably difficult to be a half-hearted member of the Union in the long-term by not using the Euro’’, Ingves said.

The Swedish bank Avanza, which is a popular bank among small- and medium-savers in Sweden, released its latest investment fund this week. The fund is named Avanza Ränta Global and will be focusing on global corporate bonds, the total fee for the fund will be 0,58%.

In spite of Riksbanken keeping the policy rate unchanged in November, the housing prices in Sweden continued to fall by 1% the past month. The unchanged policy rate has led to increasing optimism on the Swedish housing market, according to several real estate firms. According to Johan Engström, CEO of Fastighetsbyrån, the unchanged policy rate has ‘’created a somewhat more optimistic feeling, at the same time as many households still have high housing costs and generally strained finances’’.