Actually, the word breaks down into "Svi" and "þjóð", together meaning something like "The Swedish People/Nation". My instincts tell me it's odd to use to refer to something like a CKII title, but I'll trust Paradox on this one. They may not know the intricacies of Caucasian geography, but I'm sure they do their proper work on their own neighborhood :laugh:
I can garuante that it is the same way around when it is an American/French/Japanese or whatever game.