Sweden

Sweden’s economy in the third quarter, a sign that a possible recession would have hit the country

STOCKHOLM (AP) — Sweden’s economy contracted in the third quarter of 2023, marking the second era of contraction and signaling that a recession would have possibly hit the country. Data released through Swedish statistics on Wednesday showed that the country’s gross domestic product contracted by 0. 3%. in the era that ended in October. ” GDP declined for the second consecutive quarter. The slowdown in the economy has been broad-based, but has been cushioned by strong installs exports,” said Jessica Engdahl, segment leader in Na

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Bilia is appointed long-term importer of JLR brands in Norway and Sweden

Bilia has signed an agreement with Jaguar Land Rover (JLR) as the official importer of the JLR (Range Rover, Defender, Discovery, Jaguar) brands in Sweden and Norway. As part of the agreement, a joint venture, Bilia JLR Import AB, will be established between the two companies. The newly established joint venture agreement includes import operations for the sale of new cars and after-sales services. The importer’s offices will be located in Malmö and Oslo. Import activity is expected to commence in

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