Economy & Business

The Confederation of Finnish Industries EK is warning that the coronavirus crisis could cause a wave of unemployment and bankruptcy worse than the 1990’s recession. A new survey by the organisation finds that almost 20% of employers fear bankruptcy; 42%…

Finnish homeware brand Fiskars, best known for its range of distinctive orange-handled scissors, is temporarily closing its Finnish business, and starting talks to cut staff. The company cites the coronavirus epidemic for negatively affecting consumer demand in its main markets. "The…

The Finnair departure gates at Helsinki Airport are empty for large parts of the day. The usual ebb and flow of flights – the morning rush to European capitals, the evening hustle of Asia-bound planes – replaced with just a…

The City of Helsinki is offering its business tenants a three month ‘rent holiday’ during the coronavirus pandemic. The idea is to lessen the financial impact the virus is having on a range of businesses, where customer numbers have dropped…

Espoo’s Remedy Entertainment, which has produced blockbuster gaming titles like Max Payne, Control, Quantum Break and Alan Wake, has signed a new deal with Epic Games to publish two of Remedy’s upcoming projects. Although no financial information is available for…

The Crazy Days campaigns are the most important and visible events of Finnish retailer Stockmann. But this year instead of drawing tens of thousands of people to their bricks and mortar stores, Stockmann is encouraging customers to do their shopping…

Finnish fashion and design brand Marimekko is feeling the impact of the coronavirus pandemic. On Wednesday morning the company lowered its financial forecast saying the virus could have a "significant impact on the company’s sales and profitability." For health reasons Marimekko…

New restrictions to close restaurants, cafes, bars and nightclubs are being discussed in Parliament on Tuesday but expected to go into force as soon as Saturday. Prime Minister Sanna Marin (SDP) and Labour Minister Tuula Haatainen (SDP) said this evening that for now…

Finland’s employment situation strengthened in February compared with the year before – just before the impact of the spreading coronavirus pandemic would become more acute for the national economy and many businesses. Still, it was a positive sign. New figures published…

The trade unions are talking, and the government is listening. Last week’s €15 billion Government bailout package, and measures to try and safeguard Finnish jobs during this stage of the coronavirus pandemic, was in large part proposed a few days…