AGP Executive Report
Last update: 5 hours agoGovernment Deadlock: Parliament rejected Magdalena Andersson’s bid to become prime minister, leaving Sweden without a new government after September’s close election. The center-left bloc holds a narrow seat majority but remains split over whether the Left Party should join a coalition; caretaker leader Ulf Kristersson is expected to get the next chance to form a government. Ericsson: The Stockholm-based telecoms giant reported a 7% rise in organic third-quarter sales to SEK 59.5 billion, driven by its Networks business. Profit fell sharply, however, and new CEO Per Narvinger is reshaping the leadership team and enterprise unit as component costs rise. Farm Policy: European farming groups meeting in Stockholm urged EU leaders to protect the Common Agricultural Policy budget, warning that food security and the sector’s competitiveness are at stake. EU Budget: Kristersson also opposed the bloc’s proposed 2028–34 budget, saying it could raise Sweden’s net contribution by nearly 60%, as member states remain divided over the plan. Tech Investment: Norrsken and Nvidia plan to open a Stockholm AI lab for founders in 2027.
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