Financial Times FT.com

New Swedish government vows to cut role of state in economy

By David Ibison in Stockholm

Published: September 19 2006 03:00 | Last updated: September 19 2006 03:00

Sweden's new government plans to reduce the state's role in the economy substantially, and will sell off government stakes in some of the country's best known companies, including SAS, the airline, and Nordea, the Nordic region's largest bank.

In a shift in economic direction, it has pledged to spin off holdings in unlisted state-controlled firms and to open large parts of the economy to private sector competition.

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