News from Nordic Countries

Sweden: Increased railway investment

Swedish government will increase rail investment with another SEK 800 million in 2011. This since train traffic has increased sharply, while harsh winters have put the traffic on the test.

Metso to convert coal fired boiler to bio mass fired boiler in Poland

Metso has agreed with the Polish company Elektrocieplownia Tychy S. A. to convert a coal fired boiler into a bio mass fired boiler.  The order is worth some 20 million euros.

Statoil starts production at Peregrino offshore Brazil

Norway's Statoil has started oil production at the large Peregrino field offshore Brazil. Production will gradually ramp up to a plateau of 100,000 barrels of oil equivalent per day.

Sweden boosts economic growth forecast

The Swedish government on Thursday,  3 March 2011, raised its economic growth forecast for this year and said unemployment  would shrink significantly, following the recent publication of strong statistics.

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