Sweden's PM Magdalena Andersson speaks during a digital press conference in Stockholm on Thursday. Reuters

Prime Minister Magdalena Andersson has announced on Thursday that Sweden will lift nearly all coronavirus disease (COVID-19) restrictions on February 9.

She said although record levels of infections as it banks on booster shots and high rates of past COVID-19 infections to keep hospitalisation rates manageable.

"Looking ahead, infection rates will remain high for a while longer, but as far as we can judge, the worst consequences of the contagion are now behind us," she said.

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According to some media reports the government will announce that all mandatory restrictions and some general advice — such as staying at home when you’re sick — will be maintained.

"It's time to open Sweden up again," Swedish Prime Minister told a news conference, following the example of neighboring countries, according to local media.

Current restrictions, which include bars and restaurants having to close early and a cap of 500 people inside larger indoor venues, were extended last month until Feb. 9.

Lena Hallengren (left) and Magdalena Andersson attend a digital press conference in Stockholm on Thursday.

Sweden stood out early in the pandemic by spurning lockdowns, mainly relying on voluntary measures focused on social distancing and good hygiene, though somewhat tighter restrictions were gradually adopted in successive waves.

It has seen deaths per capita run much higher than in its Nordic neighbours but lower than most European countries that opted for lockdowns.

Some recommendations, such as getting vaccinated and isolating at home when sick, will remain in place and they will be more restrictive for the unvaccinated, Health Minister Lena Hallengren told the news conference.

Amid increasing evidence that Omicron results in less severe disease than previous variants, she added the Health Agency will also propose that the virus no longer be designated a threat to society, though it would still be closely monitored.