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BERLIN (Reuters) -The German government aims to sign an agreement by early next year to buy a 25.1% stake in the local division of Dutch power grid operator TenneT, according to a letter from the economy ministry. The letter, seen by Reuters and addressed to the federal finance committee, says Berlin has earmarked 5.8 billion …

Berlin targets TenneT Germany stake purchase in early 2026, ministry letter shows Read More »

By Greta Rosen Fondahn and Anna Ringstrom STOCKHOLM (Reuters) -Sweden said on Wednesday it had granted green steel startup Stegra 390 million crowns ($41 million) in funding, as the Swedish company gathers new financing to complete its factory in the north of the country.  “The project has good potential to accelerate the transition in the …

Sweden grants green steel startup Stegra $41 million in funding Read More »

COPENHAGEN (Reuters) -The European Central Bank must not try to micromanage monetary policy and should only cut interest rates again if price growth is heading below target without rebounding, Croatian central bank chief Boris Vujcic said on Wednesday. The ECB has been on hold since June and policymakers are debating whether more easing is needed …

ECB should cut rates only if inflation path points downward without rebound, Vujcic says Read More »

STOCKHOLM (Reuters) -Poland picked Sweden on Wednesday to supply it with three A-26 or Blekinge-class submarines being built by Saab, which are specially designed to operate in the Baltic Sea. Following are details about the submarine, which is Sweden’s largest to date: CONVENTIONAL BUT QUIET SUBMARINE The A-26 is a conventional submarine, meaning it is …

Factbox-What are Sweden’s new Saab-built A-26 submarines? Read More »

WARSAW (Reuters) -Poland wants to sign a contract on the acquisition of Swedish submarines in the second quarter of 2026 at the latest, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz said on Wednesday, adding it estimates the value of the deal at 10 billion zlotys ($2.73 billion). Poland chose Sweden’s Saab as the supplier in the deal …

Poland wants to sign contract on Swedish submarines in Q2 2026 at the latest Read More »

VIENNA (Reuters) -Austria’s government plans to spend roughly 500 million euros ($579 million) on reducing electricity bills for the general public, and the funds will come from the state’s stakes in companies, Chancellor Christian Stocker said on Wednesday. The surprise announcement at a press conference on the day Stocker returned to his office after back …

Austria plans to use its stakes in companies to raise 500 million euros Read More »