Economy & Business

VR waives railway restaurant rents for two months

State railways operator VR Group says it is waiving the rents of cafes and restaurants on its station properties across the country for two months, because of the economic impact of the coronavirus pandemic. Tennants won't have to pay their...

Mika Lintilä: “This is the worst moment of Finland’s economic history”

Minister of Economic Affairs Mika Lintilä (Centre) says the coronavirus crisis "is the worst moment of Finland's economic history" as he set out new help for entrepreneurs and medium-sized businesses. At a Friday morning press conference with Justice Minister Anna-Maja Henriksson...

City of Savonlinna starts mass lay-off talks 

The city of Savonlinna in Finland's eastern lakeland region has started talks on lay-offs for municipal workers due to the impact of the coronavirus crisis. The move affects 560 people, and while a maximum of 50 staff can be switched...

EK warns: unemployment & bankruptcy could be worse than 90’s recession

The Confederation of Finnish Industries EK is warning that the coronavirus crisis could cause a wave of unemployment and bankruptcy worse than the 1990's recession. A new survey by the organisation finds that almost 20% of employers fear bankruptcy; 42%...

Fiskars to close temporarily, and start lay-off negotiations

Finnish homeware brand Fiskars, best known for its range of distinctive orange-handled scissors, is temporarily closing its Finnish business, and starting talks to cut staff. The company cites the coronavirus epidemic for negatively affecting consumer demand in its main markets. "The...

Finnair CEO interview: ‘Coronavirus is the biggest crisis in airline history’

The Finnair departure gates at Helsinki Airport are empty for large parts of the day. The usual ebb and flow of flights - the morning rush to European capitals, the evening hustle of Asia-bound planes - replaced with just a...

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...

Latest News

First coronavirus cases detected in Finnish nursing homes

The first confirmed cases of coronavirus have been detected in Finnish nursing homes. Three elderly residents have died at a care home in the Ylä-Savon...

Coronavirus round-up: Friday 3rd April 2020

Here's our evening round-up of the latest coronavirus news from Finland: Latest: 1,615 coronavirus cases, 20 deaths - information letters sent out. Rescued: Behind...

Coronavirus advice letters begin to arrive in homes

An information pack from the government and health authorities about coronavirus has begun to arrive in homes. It's part of the government's wider outreach to...

Google data reveals how Finns are avoiding shared spaces, and flocking to parks

New data released by tech giant Google shows how peoples' movement has been affected by the coronavirus outbreak. The COVID-19 Communities Mobility Report for Finland...

VR waives railway restaurant rents for two months

State railways operator VR Group says it is waiving the rents of cafes and restaurants on its station properties across the country for two...

Mika Lintilä: “This is the worst moment of Finland’s economic history”

Minister of Economic Affairs Mika Lintilä (Centre) says the coronavirus crisis "is the worst moment of Finland's economic history" as he set out new...

Morning headlines: Friday 3rd April 2020

Rescued: The story of 100 stranded Finns, flown home from India Hundreds of stranded Nordic and Baltic travelers have been flown home from India in...

Rescued: The story of 100 stranded Finns, flown home from India

Hundreds of stranded Nordic and Baltic travelers have been flown home from India in an operation lead by the Ministry of Foreign Affairs, in...