Economy & Business

Finnish supermarkets braced for Brexit price increases

Finnish supermarkets are making contingency plans for Britain leaving the EU without a deal in place for future trade relations. It means possible disruptions in supply chains for imported food and drinks; price increases as added taxes and customs fees...

Fiskars cutting costs and trimming international jobs

Finnish homeware brand Fiskars is set to cut international jobs as part of a cost savings plan. The company - perhaps best known for its distinctive orange kitchen scissors - aims to reduce costs through a restructuring programme that will...

Finnish beer aid for thirsty NATO troops

A Finnish brewery is coming to the rescue of NATO troops to make sure they don't run out of beer during Operation Trident Juncture. The NATO exercise, involving 50,000 soldiers, airmen and sailors, is taking place in Norway, with some...

Tax transparency: Entrepreneurs top the list of Finland’s biggest tax payers

Today is the day when Finnish tax authorities reveal who are the country’s biggest tax payers. This year, three young entrepreneurs top the list. The founders of gaming company Supercell Ilkka Paananen and Mikko Kodisoja earned over €65 million and €57 million respectively. While...

Some Lapland property prices rising faster than cities

Property prices in some parts of Lapland are rising faster than other bigger cities. According to the latest data from the Central Federation of Finnish Real Estate Agencies KVKL, in northern towns like Kittilä the price per square metre has...

Nokia announces financial losses and job cuts

Finnish tech giant Nokia has announced it made a significant loss in the 3rd quarter this year. The latest figures out today show Nokia's operating profits from July to September were 27% less than the same period a year ago,...

Unemployment figures continue to fall

Unemployment across all metrics continues to fall, according to the latest figures released today by Statistics Finland and the Economic & Employment Development Office TE Palvelu. Statistics Finland puts the overall unemployment rate at 6.3% which is down 1.1% from...

Finnish union pulls investments after Danske Bank money laundering exposed

The Union of Journalists UJF says it will no longer use Danske Bank to manage its  investments portfolio worth €6.5 million, after the bank was exposed as a portal for money laundering. "The union's investment activity must be ethically sustainable....

Posti starts job cut negotiations

Finland's national postal service Posti is set to start negotiations on dozens of job cuts. Up to 72 employees are facing redundancy when talks with unions begin next week. According to the company, people it calls 'indirect employees' and 'senior indirect...

Domestic travel drives Finland’s summer tourism surge

Finland's summer tourist industry is being driven by demand for domestic travel. It's due in part to efforts from regions around the country to promote themselves a so-called 'staycation' destinations for Finns. "In the past few years, Finnish travel service providers...

Latest News

End of kaamos: Utsjoki wakes up from winter

Finland's most northerly municipality is waking up from darkness on Friday and briefly experiencing its first sunrise. The sun last set in Utsjoki on 25th...

Football stars score at annual Sports Gala

Finnish footballers have enjoyed a night of awards glory at the annual Sports Gala Urheilugaala in Helsinki on Thursday night. Norwich City striker Teemu Pukki...

Morning headlines: Friday 17th January 2020

Government to update on employment measures Minister of Labour Tuula Haatainen (SDP) is set to announce the government's latest initiatives to boost employment. The aim is to...

SK: Finns Party MPs concealed China-linked tech company cash

Two Finns Party MPs, including the Chairman of the Foreign Affairs Committee, concealed their links to a tech company that received funding from China. The...

Latvian man on trial for bomb plot to target “foreigners and Muslims”

A man has appeared at Helsinki District Court, facing charges of plotting to set off home made bombs during 2018 New Year's Eve celebrations...

Saving Amanda: Helsinki considers how to protect the famous fountain

Helsinki City Council is looking into measures to protect one of the country's most recognisable landmarks. The Havis Amanda fountain and statue, built in the...

Defence Ministers use Nordic hotline for the first time

Nordic Defence Ministers have used a special crisis hotline for the first time, to discuss the situation in the Middle East. According Defence Minister Antti...

World Jewish Congress calls Left Alliance MP “antisemitic”

The World Jewish Congress has criticized Finnish Member of Parliament Anna Kontula (Left) for her protest against Israel's blockade of Gaza. The powerful US-based lobby...