A Business Sweden delegation met fifty members of the Monaco Economic Board last week to promote the benefits of mutual trade.

At a working breakfast on March 17 at the Castelroc restaurant, the visitors said that the largest economy of Northern Europe is resolutely turned towards international trade. Exports represent 50 percent of its GDP, half of which comes from companies managed by foreigners who have settled there.

Stockholm has the second worldwide concentration of head offices per capita, and with a long industrial tradition.

Alongside emblematic brands such as Volvo, IKEA, H&M or Ericsson, Spotify, Skype or King (publisher of the famous game Candy Crush) sectors such as energy, transport, smart industry known as 4D, life sciences, health and information technology are all thriving.

Digital transformation and sustainable development are at the heart of heart of Sweden’s strategies. Sweden has a 98-percentt carbon-free electricity network and has hosted the first gigafactory of batteries in Europe, the greenest in the world.

In 2018, the Monaco Economic Board held a successful economic mission to Stockholm with about fifteen entrepreneurs.

PHOTO: Guillaume Rose, Executive Director General of the MEB; Annika Stal, Commercial Counselor at the Swedish Embassy in France and Monaco; Sophie Krafft, Honorary Consul of Sweden in Monaco; Jean Castellini, Minister of Finance and Economy; Jan Frydman, Consul of Monaco in Stockholm; Andreas Tufvesson, Minister Counsellor, Deputy Head of Mission, Swedish Embassy in France and Monaco. Carte Blanche