Economy & Business

Finland’s summer tourist industry is being driven by demand for domestic travel. It’s due in part to efforts from regions around the country to promote themselves a so-called ‘staycation’ destinations for Finns. "In the past few years, Finnish travel service providers…

Proceedings start today in the Market Court as Finnair answers a case that’s all about how much compensation it pays to passengers. The Consumer Ombudsman is bringing the matter to court, and Finland’s national airline could face fines of up to €1.5 million. The Ombudsman…

Finnish state-owned railway operator VR has sold its subsidiary VR Track to Norwegian private company NRC Group in a deal worth €225m. It will become the biggest rail infrastructure company in the Nordic region, with more than 2400 employees and…

One of the country’s best-known food brands is cutting 165 jobs. Meat producer and food company HKScan announced the job losses today, after a period of negotiations with unions which lasted over the summer. The lay-offs will impact employees at locations in…

Sanoma Media, one of Finland’s largest media companies, is set to cut up to 80 jobs. The company announced today that they’ll start negotiations with unions to axe the positions, although they say some could be turned into part time…

Finland is slowing down today, as tens of thousands of workers belonging to a number of different unions are staging a one day strike. The industrial action is taking place to protest the government’s plans to make it easier for…

Finland’s Employment Minister Jari Lindström (Blue) has backtracked on a plan to make it easier for companies with up to 20 employees to fire people if they need to. The plan has angered unions and small business owners alike, and prompted…

The innovation arm of Metsä Group is teaming up with a Japanese company in a new venture to figure out how to turn paper pulp into textile fibres. The €40m deal with Itochu Corporation will help build and fund a…

Former US President Barack Obama is visiting the Finnish capital on Thursday, to speak at the Nordic Business Forum conference in Helsinki. It’s the two-term President’s first visit to the country. While in office he visited Estonia, Sweden, Denmark and…

Tampere has narrowed down the search for the city’s new tram colour, and is asking members of the public to help them decide which to choose. Today, officials published the first images of the new tram mocked up in two…