Thanks in part to Sweden’s neutrality in the face of global conflicts during the twentieth century Sweden has built up an enviable standard of living with extensive welfare benefits. Stockholm is at the heart of Sweden's economic life and it possesses a modern distribution system, a skilled labour force, and excellent internal and external communications. Timber, hydroelectricity, and iron ore are all important Swedish exports, with privately owned firms accounting for about 90% of domestic industrial production.
The vast majority of Stockholmians are employed in service industries. Almost half of Sweden’s businesses have their headquarters in Stockholm, including several major banks and insurance companies and the clothes retailer H&M. The biggest growth area in recent years has been in the high technology sector and there is a major IT centre located in Kista, in northern Stockholm. Among the most important employers in Stockholm are IBM, Ericsson, Volvo, Ikea, Saab, and Electrolux.
Stockholm is also a popular location for holding international conferences thanks to its impressive venues, such as the Stockholm City Conference Centre, and the Stockholm Globe Arena. Office costs in Stockholm are comparable with other European capitals. Tourism has also become a significant contributor to the city's economy in recent years.
Update 14/05/2008
If you want to move money abroad, from Sweden or to Sweden for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.