Economy & Business

 

“I Really Think Trump Should Pay Our Lost Profits” – Small Businesses Losing Money During Summit

Market vendors at Helsinki’s Kauppatori have some mixed feelings when it comes to the summit being held between US President Donald Trump and his Russian counterpart Vladimir Putin. While the Presidential Palace is the scene of talks between the leaders – and…

Taxi Drivers Face Uncertain Future With July Deregulation

Taxi drivers in Finland say they’re facing an uncertain future when deregulation hits the industry on Sunday 1st July. A new transport act includes provisions for buses, taxis and transportation of goods; as well as the rail, maritime and aviation…

Valmet Automotive Appoints New CEO

One of the west coast’s biggest employers has hired a new CEO. Valmet Automotive announced today it was hiring Olaf Bongwald, to fill the role that has been empty since the previous CEO Ilpo Korhonen was fired in January. "The company has a…

Early Summer Sun Boosts Crops On Finnish Farms

Finland’s farmers are making hay while the sun shines. The early start to summer with temperatures as high as +29C in the last few weeks have helped boost an industry hit with bad weather and poor harvests just last autumn. Crops…

Social Democrats Propose ‘Robin Hood’ Tax Plan

Finland’s Social Democrats have unveiled a new proposal to alleviate the tax burden on society’s low income workers. It’s just one part of a slate of new tax ideas the party will announce on Wednesday, as unofficial campaigning swings into…

Income Inequality Grows Across Nordic Region

Across the Nordic region the rich are getting richer, and the poor are getting poorer. That’s the conclusion of a new report from the Nordic Council of Ministers which looked into income inequality in Finland, Sweden, Denmark, Norway and Iceland….

Summer Holiday Shift Could Boost Tourism Money

What do you think about your children starting and ending their school summer holidays two weeks later? A new government-backed report says it could be invaluable for Finland’s tourism industry to shift school holidays by a fortnight. The report was commissioned…

Barometer: Companies Expect Economic Growth To Continue

Finnish companies are looking forward to continued economic growth, but there are concerns ahead about recruitment, according to the latest ‘barometer’ from the Confederation of Finnish Industries EK. The new economic ‘barometer’ canvased information from more than 12 hundred Finnish…

Finnair Flies High With Q1 Profits

Finnish national airline Finnair got the year off to a flying start with much improved operating profits. From January to March, the company made a €3.9 million profit. Just one year ago, the company made a €9 million loss in…

Helsinki House Prices Continue To Rise

If you want to buy a home in Helsinki, you’ll have to dig deep. New figures show the demand for housing in the capital city region is pushing the average cost of a home towards €300,000. Already 11% of homes in…

Latest News

Finland declares state of emergency over rising coronavirus cases

Finland has declared a state of emergency, with immediate effect, because of the rising number of coronavirus cases – especially in the capital city…

Kennel Club announces ban on guard dog ‘hobby training’ after horrific videos reveal abuse

The Finnish Kennel Club Kennelliitto has announced a ban on training of guard dogs as a hobby after video last week showed animals being…

Exiled Belarus opposition leader begins four-day Finland visit

The exiled opposition leader of Belarus Sviatlana Tsikhanouskaya is beginning a four day visit to Finland on Monday. During her trip she will meet for…

MP Elina Lepomäki makes unexpected Helsinki election announcement

National Coalition Party MP Elina Lepomäki has announced that she’ll be a candidate in May’s municipal elections, standing for a Helsinki City Council seat -…

Spring weather on the way this week, but watch out for ‘takatalvi’

Meteorologists are forecasting spring-like weather on the way this week, but the fairer conditions come with the warning of ‘takatalvi’ or ‘winter backlash’ still…

Helsinki hits highest-ever positive covid cases as pandemic worsens in the capital

The City of Helsinki says 274 new Covid-19 cases were confirmed on Saturday, the highest single-day tally for the capital since the start of…

Flags are flying for Finnish Day of Culture and a celebration of Kalevala

Flags are flying in Finland today to celebrate Kalevala, the national epic literary work written by author Elias Lönnrot in 1835. February 28th is also…

Kirsi Piha quits: Kokoomus rocked as Helsinki mayor candidate drops out of the race

The National Coalition Party candidate in the Helsinki mayoral race Kirsi Piha has announced she won’t now run for election, citing an ideological split in…