Economy & Business

Eckerö Line lays off 500 staff

Ferry operator Eckerö Line is making up to 500 staff redundant. The majority of them are seafarers, according to the Seaman's Union, and cuts will be felt for the crews of the M/s Eckerö and M/s Birka Stockholm in Åland...

Finland’s economy forecast to take a 5.5% coronavirus hit

The Ministry of Finance has released its economic review for 2019,  and forecasts the economy will shrink by 5.5% this year due to the coronavirus pandemic. The ministry notes that the shift in fortunes for economies around the world because...

Surprised? Finns bought a lot more booze from Alko in March

With restaurants closed, and foreign travel coming to a standstill, Finns flocked to Alko stores in March to stock up on alcohol even as the coronavirus restrictions started to kick-in. The state-owned monopoly reports that although the actual number of...

Agriculture work schemes attract thousands of applicants

Two schemes to get people to sign up for seasonal agricultural work have attracted thousands of applicants. The seasonwork.fi website is run by the government with the backing of ministries and the European Union, while maatilalle.fi us run by a...

Supply Agency chief resigns amid face mask scandal

The CEO of the National Emergency Supply Agency NESA Tomi Lounema has resigned after a scandal involving millions of euros spent on masks from China, ordered through a company in Estonia, which was done without due diligence. Some 230,000...

Katri Kulmuni interview: “It would be easy if we could just spend our way out of this crisis”

Finland's Minister of Finance Katri Kulmuni (Centre) has been burning the candle at both ends. A marathon 16-hour video conference at the start of the week with her EU colleagues was peppered by three one-hour naps; and then she went...

Face masks: Import debacle highlights the need for domestic production

A debacle over face masks ordered from China which failed quality control tests, has highlighted the need for more reliable ways of getting protective equipment to Finland's frontline medical staff. The multi-million euro deal was for 230,000 high grade surgical...

Fimea joins EU stocktaking in case of possible medicines shortage

The Finnish Medicines Agency Fimea says it is preparing for any possible shortage of medicines used to treat patients in hospital with coronavirus symptoms. A letter sent last week from the EU Commissioner for Health and Food Safety Stella Kyriakides...

Government talks focus on coronavirus budget spending

Government ministers are meeting for two days of budget talks largely focused on how much to spend to mitigate the impact of the coronavirus pandemic. Arriving at the House of the Estate in Helsinki on Tuesday, Prime Minister Sanna Marin (SDP) said...

Stockmann files for corporate restructuring

The Stockmann Group has filed paperwork with Helsinki District Court on Monday morning for corporate restructuring. It comes after the company says the coronavirus has caused a “significant impact on the company’s customer volumes and cash flow.” In a statement, Stockmann...

Latest News

Red Cross: Coronavirus increases food poverty in Finland

The Red Cross has warned of the growing need for food aid in Finland as the coronavirus crisis impacts the financial situation of many...

Four-month sentence for man who threatened Maria Ohisalo

A man who threatened Interior Minister Maria Ohisalo (Green) on social media has been convicted, and sentenced to a four-month suspended sentence. It means he...

THL: Quarter of all coronavirus infections in speakers of foreign languages

The Finnish Institute of Health and Welfare THL says that a quarter of all Covid-19 infections in the country have been detected in people...

Independence Day flag-raising moves to Hämeenlinna

A decades-old tradition of flag-raising on Independence Day is being shifted out of the capital this year. The event is usually held in Helsinki’s Tähtitorninmäki...

First Covid-19 vaccines in Finland will likely be rolled out in early 2021

The first Covid-19 vaccines could get the green light from European authorities before the end of the year, according to Finnish public health officials. Speaking...

Morning headlines: Tuesday 1st December 2020

Finland's covid vaccine plan to be unveiled today Public health officials are set to announce Finland's strategy for rolling out Covid-19 vaccinations today. Finland has...

Finnair extends meals-to-go sales, adds in-flight juice and extra jobs

Finnair is expanding its cooperation with K-Group after sales of ready-meals inspired by on-board service have proved a hit with consumers. The meals-to-go range will...

New capital region covid restrictions come into force

New restrictive measures to slow the spread of coronavirus are being introduced Monday  in the capital city region. Joint action by Helsinki, Espoo, Vantaa and...