Sweden
Sweden’s economy has, in many ways, suffered from the same tribulations as the rest of Europe: recent bouts of crushing inflation and recession, and now the prospect of meager growth in a world split by geopolitical and economic conflict. Nevertheless, the Nordic country has a roster of high-tech entrepreneurs that is the envy of its neighbors, according to a New York Times analysis. Spotify and Skype are globally recognized brand names.
Sweden's Oscar Properties avoided bankruptcy on Monday after reaching a settlement over financial claims made by a housing association, a lawyer representing the creditor said, Reuters reported. The creditor, housing association Innovationen, owner of a residential tower in Stockholm that Oscar Properties developed, requested last month that the company be declared bankrupt over unpaid claims of around 15 million crowns ($1.4 million). "We recall the bankruptcy application after the parties reached an agreement," said Patrik Kalman, lawyer for the housing association.