Sweden’s Royal Court having financial difficulty

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Sweden’s Royal Court is having financial problems, the Royal Court has said. The royal palaces have been severely affected by the COVID-19 pandemic. The visitors are absent, and a loss of approximately 75 per cent of the revenue is expected this year. According to the Head of Finance at the Royal Court in Sweden, it risks affecting cultural heritage.

During the spring, the royal palaces have been closed to visitors due to the COVID-19 pandemic. On 1 July, four of the eleven palaces reopened, but there will be few visitors. On a typical day during the peak season, around 10,000 visitors may visit the Royal Palace in the Old Town of Stockholm, but now there will only be between 100 and 200.

Because there will hardly be any tourists, 75 per cent of the revenue is estimated to be lost this year. In an average year, tourists generate 105 million Swedish kronor or about 9.8 million euros. This year, revenues are expected to be only 27 million kronor, which is about 2.5 million euros.

Drottningholm Palace. Photo: Pudelek – Own work, CC BY-SA 4.0, Wikimedia Commons

Staffan Larsson, Head of Finance at the Royal Court, has remarked to the Swedish media: “We have had a layoff so we have not hired …

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