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					 WEEKLY SITUATIONAL REPORT



     BY MIDA STOCKHOLM



28 NOVEMBER – 2 DECEMBER 2005




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NORWAY
  Unemployment 'down,' job vacancies up
   Norway's jobless rate has declined every month
   this year and is now only 3% according to state
   employment agency Aetat. While there were 72,300
   people out of work in November, there were 24,700
   new job vacancies (which is up 47 percent from
   November last year).
   The figures only take into account the people
   officially registered as unemployed, seeking
   unemployment benefits. Yet, many people who quit
   or lose their jobs don't seek state assistance, and
   try looking for new jobs on their own.
DENMARK
  Exports turn organic
   Danish exports of organic goods increased by 12.6
   percent from 2003 to 2004.
   Danish-produced organic goods are gaining ground
   abroad. Exports of organic goods increased by 12.6
   percent from 2003 to 2004, reaching a total value of
   DKK 267 million (EUR 35 million), according to
   Statistics Denmark.




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   Dairy products were especially popular constituting
   27 percent of the export in 2004. Meat and meat
   products followed with 12 percent, as did Danish
   organic coffee, tea, chocolate, spices, cereal and
   cereal products, all making up about 12 percent
   each of the total export value.
   Great Britain, Sweden, and Germany are the biggest
   importers of Danish organic products. In 2004,
   Denmark exported a total of DKK 85 million (EUR 11
   million) worth of organic products to Great Britain,
   DKK 52 million (EUR 7 million) to Sweden, and DKK
   45 million (EUR 6 million) to Germany.
SWEDEN
  Swedes top mobile phone rankings
   Sweden has the highest penetration of mobile
   phones in the world, with more than one handset
   per person across the country.
   The number of active mobile phones in Sweden has
   passed the 10 million mark, outnumbering the
   country’s population (9 million) with good margin.
   Sweden’s mobile penetration figure of 110 percent
   is the highest in the world. Also Italy and the UK
   have surpassed 100 percent penetration.


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  Yet, not everyone in these countries owns a mobile
  phone. Instead, many people own one phone for
  work and another for personal use.
  High cell phone penetration is also reflected in the
  existence of multiple prepaid cards and the use of
  SIM cards by corporate messaging applications.
 Huawei gears for growth
  Chinese telecom giant Huawei Technologies is
  aiming to harness Swedish expertise in Internet
  telephony and third-generation cellular technology
  as a platform for regional growth.
  The company has expanded rapidly in Sweden
  since establishing a research and development
  center in Kista Science Park in 2002.
  The Shenzhen-based group today employs 80 staff
  and expects to grow substantially next year as the
  company expands its sales and research
  operations.
  Huawei’s primary objective is to develop products
  to suit the transition from traditional fixed-line
  telephony to wireless networks and from second to
  third generation cellular networks.




                                                         4
 Uppsala gets US pharma lab
  American medical equipment company Advanced
  Medical Optics is investing US$14 million in a new
  laboratory in Uppsala to produce and develop the
  eye surgery aid Healon, used as a surgical aid in
  cataract removal, corneal transplants and the
  treatment of glaucoma.
  With the most extensive knowledge about
  hyaluronic acid, the basis of their products,
  Uppsala also provides access to highly skilled
  personnel and a world-leading university.
  AMO acquired all rights to the product in 2004 from
  US pharmaceuticals giant Pfizer, which itself
  inherited Healon when it acquired Sweden’s
  Pharmacia two years earlier.
  The new research lab will include chemical and
  microbiological research facilities and will employ
  20 staff.
 Sweden aims to break oil dependency by 2020
  Swedish Prime Minister Göran Persson announced
  the creation of a commission to find ways to end
  the country's dependence on oil by 2020.




                                                        5
   The eight-member committee consisting of
   business executives, energy experts and
   professors will present a strategy in its first report
   in the first half of 2006.
FINLAND
  Finnish economy among the best in euro zone
   The economic growth in Finland will be 4 % next
   year. If the forecast proves accurate, the GDP will
   grow at double the rate of the euro zone.
   A favorable trend in wages coupled with low
   interest rates has fed private consumption and so
   far there is no sign that Finns are about to stop
   spending money. Consumer confidence remains
   good despite skyrocketing oil prices and various
   global threats.
   Last year, Finland's exports grew by as much as
   6%, and although it has slowed down since, exports
   were still doing better than expected in the first half
   of 2005.
   Strikes in the domestic paper industry in early
   summer considerably cut down the total exports for
   the year, but for next year growth in sales abroad is
   predicted again.


                                                            6
Finnish economic policy deserves part of the credit
for the good economic growth. Finland is one of
few European countries where the public sector
has remained in surplus over the past few years.
The rate of interest on Finnish government bonds
has gone down a few basis points below its
German counterpart. A situation that was almost
impossible to imagine in the past.
The four per cent growth forecast for next year is
however partly an illusion.
The effect of the strikes will take about one
percentage point off this year's economic growth
and, correspondingly, there will be that much extra
growth next year since the figures for comparison
will be exceptionally low. The 'actual' economic
growth for next year will fall to about 3 % — which
still clearly exceeds the growth rate in the euro
zone following Finland's long-term growth trend.
The paper mill strikes were an exceptional
phenomenon, but Finnish growth figures are also
dependent on its mobile communications sector
that accounts for 7% of Finland's GDP.




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  It is fairly certain, that even less favorable
  production trends at Nokia will not change the solid
  pattern of economic growth.
  Yet, economists are warning that the poor rate of
  investment in the renewal of machinery and
  equipment could slow down growth in productivity
  and diminish growth.
 Nokia: Mobile phone markets grow by 10% in 2006
  According to Nokia's estimate, mobile phone
  markets will grow by over 10% in 2006 from the 780
  million mobile phones Nokia estimates for 2005.
  Nokia believes that the mobile phone markets will
  also grow in value in 2006. According to Nokia,
  mobile phone network markets will grow either
  slightly or reasonably.
  Nokia forecasts that the number of mobile
  subscriptions will exceed three billion in 2008. In
  February 2005 Nokia estimated that the limit of
  three billion subscriptions would be reached in
  2010.
  Nokia plans to expand its range of 3G phones. The
  company has introduced three new WCDMA
  devices. During 2005, Nokia has introduced a total


                                                        8
of 56 new models, 15 of which are WCDMA devices.
According to Nokia's President and COO Olli-Pekka
Kallasvuo, the industry will consolidate around a
few key players. It will increase in complexity, as
both devices and customer demands become more
sophisticated. The winners will be the ones that can
master the complexity and offer appealing products
to a broad range of consumers.




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posted:3/14/2010
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