Economy & Business

Restaurant owners pivot, as pressure grows for more help for the hospitality industry

Finland's bars, cafes, restaurants and nightclubs shut their doors to customers at midnight on Friday, as new rules came in to slow the spread of coronavirus, which keeps businesses closed until at least the end of May. But for many...

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...

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...