Economy & Business

City of Helsinki gives three month rent holiday for local businesses

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 inks new games production deal

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...

Stockmann shifts its popular Crazy Days shopping campaign online

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...

Marimekko closes stores, lowers outlook 

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...

Restaurants, cafes, bars and nightclubs to close until end of May

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...

Employment situation strengthens right before coronavirus impact

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...

Trade unions boss: “The situation is pretty drastic”

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...

Åland MP: ‘Local hospitals had time to prepare for coronavirus cases’

Two people, returning home, have tested positive for Covid-19 coronavirus in Åland. It's the first confirmed cases of coronavirus after 70 tests in the autonomous province, and local Member of Parliament Mats Löfström says hospitals have been anticipating this, and...

Finland’s small businesses already hit hard by coronavirus crisis

Business owners across the country are already feeling the impact on the economy as customers stay away during the coronavirus pandemic. This week the Central Chamber of Commerce warned that more than 30% of their member companies were worried about...

Government unveils €15 billion coronavirus bailout package for businesses

The Government has announced a €15 billion bailout package to prop up the economy and support businesses hit by the coronavirus pandemic. Speaking at a Helsinki press conference on Friday, Prime Minister Sanna Marin (SDP) outlined the steps her coalition government...

Latest News

Checkpoints ready: Parliament approves government plans to isolate Uusimaa

The Finnish Parliament has approved a government plan to impose temporary restrictions on the southern Uusimaa region, to stop people moving into and out...

City of Helsinki gives three month rent holiday for local businesses

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...

Kajaani supercomputer joins the race to find a coronavirus vaccine

A supercomputer at Kajaani University of Applied Sciences KAMK is linking up with Stanford University in California to help model the surface structure of...

Government considers mandatory quarantine for returning airline passengers

The government and health officials are considering whether to use hotels near to Helsinki Airport as sites to quarantine returning passengers. Minister of Justice Anna-Maja Henriksson (SFP)...

Morning headlines: Friday 27th March 2020

Travel restrictions, restaurant closures set to start today Sweeping new rules are set to come into force later on Friday that will restrict travel in...

Billion euro help for businesses – but Kokoomus wants more say in coronavirus budget plans

The Government has announced a total of one billion euros in funding for small and medium sized businesses impacted by the coronavirus crisis -...

Espoo’s Remedy Entertainment inks new games production deal

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...

VR warns of police checks on trains to Uusimaa

National railways operator VR says that police will be checking passengers on trains to and from Uusimma, to ensure they have a good reason...