Economy & Business

Vaasa moves ahead with electric tech park, despite Tesla loss to Berlin

The City of Vaasa is dusting itself off, after losing out on a major business deal to Berlin. Billionaire entrepreneur Elon Musk announced on Tuesday night that his company chose the German capital as the new location for a Tesla electric...

Striking postal workers: “We’re all at risk of losing our jobs, our livelihoods”

Around two hundred striking postal workers gathered outside Posti's Helsinki headquarters on Tuesday afternoon, many wearing the distinctive bright orange hats or vests of their employer. They hoped the speeches and cheers from their protest might be heard by senior...

OP Financial Group to cut 460 positions

Finland's biggest financial group is cutting 460 positions, after two months of negotiations. OP Financial Group announced Tuesday that after talks which involved 1900 staff, the company had decided to make the job cuts in an attempt to save €18...

Striking workers set to march on Post headquarters

Striking postal workers are set to march on Posti’s headquarters in Helsinki on Tuesday, as their ongoing strike continues to hit deliveries across the country. The Post and Logistics Union PAU says up to 10,000 workers are on strike against...

Dutch company buying Cramo machinery rental

A Dutch company is buying Finnish machinery rental company Cramo for €600 million. Boels announced their takeover bid for Cramo on Monday morning, offering €13.25 per Cramo share - that's a premium of more than 30% compared to the share...

Ten thousand on strike as post union extends industrial action

Around 10,000 postal workers have gone on strike today across Finland, in action that will last until 8th December. The PAU union has called the strike in response to Posti’s attempts to move 700 parcel force workers to a new...

Talks fail to halt next week’s postal strike

Talks aimed at avoiding a two week strike by postal workers have ended without an agreement. The Union of Post and Logistics PAU met with Service Sector Employers Palta for discussions to resolve the strike which is due to begin...

Finnish store crowned the world’s best supermarket

A K-Citymarket in Järvenpää has been named the world's best supermarket at an awards ceremony in London. There were seven finalists in their category among 750 nominated grocery stores from 20 different countries. The Järvenpää store was nominated in the summer,...

Employment-based immigration a key factor for population growth

Employment-based immigration helps Finland to boost its population, as birth rates hit a record low. That's the conclusion of a new report prepared by the Ministry of Interior for the OECD, and released on Thursday. The report shows that resident permits...

Customs refunding millions after currency error

The Finnish Customs service Tulli will have to refund around €11.5 million euros to importers, after using the wrong exchange rates to calculate import taxes. In total 960,000 customs declarations were made during for a three year period from May...

Latest News

Foreign Minister: Hong Kong extradition treaty should not be applied

Foreign Minister Pekka Haavisto (Green) says an extradition treaty between Finland and China “should not be applied” any longer because it means that suspects would...

Morning headlines: Tuesday 14th July 2020

Foreign Minister: Hong Kong extradition treaty should not be applied Foreign Minister Pekka Haavisto (Green) says that an extradition treaty between Finland and China "should not...

Finns Party MEP likens the European Union to the Soviet Union

One of the Finns Party's two MEPs in Brussels, Laura Huhtasaari, has likened the European Union to the Soviet Union. It's not the first time the...

Otkes starts investigation into Jyväskylä senior home fire 

The Accident Investigation Board Otkes is starting an investigation today into a fire at a seniors home in Jyväskylä which saw 168 elderly people...

Finland relaxes restrictions on borders, restaurants, bars and cafes

A range of coronavirus-related restrictions are easing in Finland today, as the country moves to a phase of 'new normal' in the pandemic. Restrictions on...

Morning headlines: Monday 13th July 2020

EU Minister: Finland wants to know clearly all EU coronavirus funding liabilities Prime Minister Sanna Marin (SDP) will join other EU leaders in Brussels this week...

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...