affärsverk

An affärsverk is a term used in Sweden to describe a state-owned enterprise that operates on commercial principles. These entities are part of the Swedish government administration but are structured to function more like private businesses, aiming to generate revenue and achieve profitability. Unlike traditional government agencies that primarily focus on regulatory or public service functions, affärsverk are tasked with providing goods or services in a competitive market.

The main characteristic of an affärsverk is its independence in operational management and financial decision-making, while still remaining under governmental ownership and oversight. This allows them to be more agile and responsive to market demands. Profits generated by affärsverk are typically reinvested in the business or transferred to the state treasury. Examples of Swedish affärsverk include entities involved in sectors such as infrastructure, utilities, and postal services. The legal framework governing affärsverk aims to balance their commercial objectives with the public interest and the government's strategic goals. Their performance is often evaluated based on both financial results and their contribution to national policy objectives.