Economy & Business

The latest figures from Statistics Finland show an ongoing improvement in the country’s employment situation. The latest data reflects an increase in the number of people employed during May, and shows a continued drop in the number of registered unemployed…

Work to lay a gas pipeline under the Baltic Sea to connect Finland and Estonia has been completed ahead of schedule this week. The Balticconnector project links Inkoo on Finland south coast with Paldiski in Estonia and will connect the natural…

Finnish food delivery service Wolt has announced an additional €110 million funding from investors to drive its international growth. The company started in 2014 by Miki Kuusi, who was previously the CEO of Slush. Wolt now delivers restaurant food by…

Finnish construction equipment company Ramirent has signed a merger deal with Europe’s biggest machine rental company Loxam, an agreement worth €970 million. The price that the French company paid represents €9 per share, which was almost double the value-per-share of Ramirent on the Helsinki…

Tech company Google is planning to invest around €600 million to expand its data centre at Hamina. The company opened its first Finnish data centre in a renovated papermill in the south coast town back in 2011. It uses sea…

The ongoing fall in unemployment figures continued in April, with new figures showing fewer unemployed jobseekers, fewer long term unemployed people, fewer young people unemployed, and more job vacancies. The latest statistics from the Ministry of Economic Affairs and Employment…

A new report from the Research Institute of the Finnish Economy ETLA finds that businesses run by immigrants create a lot of jobs, but pay lower wages that businesses run by non-immigrants. According to the Institute, immigrant-owned firms account for…

A new survey finds that Finns are still wary of making too many online payments with their mobile phone, with one-in-three saying they won’t pay for their shopping online via smart phone because of security fears. That’s one of the…

The company behind plans to build a tunnel between Finland and Estonia have jumped into the frame to develop a new high-speed Arctic railway line as well. Finest Bay Area Development Oy, fronted by former Angry Birds entrepreneur Peter Vesterbacka,…

Do you ever wonder how your salary compares to people doing similar jobs in neighbouring countries? A new study finds that people working in Finnish startups are earning less than their Nordic counterparts – but they’re also working fewer hours…