Economy & Business

VR ending ticket sales, laying off staff at five mainline stations

Finnish railways operator VR is to end ticket sales at five mainline stations, and potentially making 13 staff unemployed. Dedicated VR ticket sales offices at Jyväskylä, Lahti, Oulu, Tikkurila and Turku are to close and the company is starting negotiations...

Finnair raises €501 million, as passengers get ‘clean kits’ on expanded flight services

Finland's national airline Finnair has raised €501 million in a share offering that was so popular, it was oversubscribed by 11%. The fundraising effort was indented to boost Finnair's financial position and the company, which is more than 55% owned...

Finns’ confidence in life and the economy after coronavirus improves

A new survey highlights how Finns are relaxing their own personal coronavirus restrictions as the epidemic subsides, and how they have more confidence in life after the pandemic. The study was carried out by the Federation of Finnish Industries EK...

Restrictions on restaurants and bars easing again next week

From next Monday restaurants, cafes and bars will be able to serve more customers, for longer, than they are currently able to as the government further relaxes coronavirus restrictions. Ministers Krista Kiuru (SDP) and Hanna Kosonen (Centre) made the announcement alongside experts...

Forecast: Finland’s coronavirus economic recovery will be slow

A new forecast from the Ministry of Finance predicts that Finland's recovery from the economic damage caused by the global coronavirus pandemic will be slow. The report, published on Tuesday, says the economy will shrink by 6% this year as...

New budget gives €5.5 billion coronavirus recovery shot in the arm

The Government has unveiled it's new supplementary budget which gives a €5.5 billion shot in the arm to Finland, to help the country recover from the financial impact of the coronavirus pandemic. Some of the key areas which will receive...

UPM closing Jyväskylä plywood plant with 167 job losses

Finnish pulp and paper company UPM is closing its Jyväskylä plywood plant with the loss of 167 jobs. The plan produces spruce and birch plywood but UPM says the profitability of the operation "has been weak for a long time,...

Closing time: eased restrictions on bars and restaurants come too late for some businesses

A decision to ease restrictions and allow restaurants, cafes and bars to re-open this week is welcome news for many in the industry eager to get back to business after two months of enforced closures. But for others Monday is...

Parliament approves new rules to open restaurants, cafes and bars

Parliament and the President approved new temporary amendments to the Communicable Diseases Act on Friday, which makes it possible for restaurants, bars and cafes to open again for business on 1st June. Businesses will be able to serve alcohol until...

Number of unemployed jobseekers nearly doubles in April

The number of people out of work and looking for employment almost doubled in April compared with the year before, as the coronavirus crisis deepened. The latest statistics, released on Wednesday, paint a stark picture of the impact on society...

Latest News

Europe Minister: Finland wants to know all EU coronavirus recovery package liabilities are clear

Prime Minister Sanna Marin (SDP) will join other EU leaders in Brussels this week for a summit, the first time they've met in person...

LISTEN: Summer Podkäst episode 2 out now

Just in time for the weekend, the second episode of our summer Podkäst is available now. On this week's show Europe Minister Tytti Tuppurainen (SDP) talks...

Morning headlines: Friday 10th July 2020

Another prediction for Finland's shrinking economy   Mortgage credit specialists Hypo predicts that the Finnish economy will shrink by 7% this year, the latest organistion...

Museums hope for post-lockdown July visitor boom

After months of lockdown and coronavirus restrictions, Finland's museums are hoping for for a visitor boom in July. There's already been a rise in the...

New proposals for maximum police response times in cities, countryside

The National Police Board is proposing new maximum response times for officers on call-outs, depending on which part of the country the 112 emergency...

Finnish diver dies in Lofoten Islands accident

A Finnish man has died in a diving accident in northern Norway. The University of Northern Norway says on Twitter that the incident took place in Fiskebøl in...

Morning headlines: Thursday 9th July 2020

Justice Minister: Special preparations in place for 2021 elections Minister of Justice Anna-Maja Henrkisson (SFP) tells Uutissuomalainen newspaper group that there could be special preparations put...

Police make arrests after shot fired at Helsinki bar

Police in Helsinki say they've made several arrests after a shooting at a Helsinki karaoke bar which left one person injured. It happened on Snellmaninkatu...