Economy & Business

 

Shoe designer Minna Parikka to close her business

Finnish shoe designer Minna Parikka has announced she’s closing down her business, with the last date to buy shoes from the online store just before Christmas on 20th December. The businesswoman says that she has achieved everything she wanted in her…

Kokoomus proposes more streamlined process for international recruitment

The National Coalition Party Kokoomus is calling for a more streamlined approach from the government to international recruitment. Their idea is to bring together civil servants from the Ministry of Foreign Affairs, the Finnish Immigration Service Migri, and the Ministry…

High earners revealed in annual tax day frenzy

It’s the one story which dominates Finnish media every year: tax day. Today the annual tax details of the country’s highest earners were under scrutiny as journalists, and the puplic, poured over the 2019 tax returns of Finland’s rich and…

Extended restaurant and bar restrictions criticised by industry

A move by the government to extend legislation that allows stricter control over the operations of bars and restaurants until the end of February 2021 has been criticised by the industry’s main lobby group. The rules dictate how many customers…

Economic outlooks paint a mostly gloomy picture of Finland’s financial wellbeing

A trio of economic outlooks published Tuesday paint a mostly gloomy picture of Finland’s financial wellbeing. The latest consumer confidence numbers from Statistics Finland show the Consumer Confidence Index CCI – which measures how optimistic or pessimistic consumers are regarding…

Working from home? Sales of laptops increasing year-on-year

As many people settle in for a longer period of working from home in Finland – the government recommends doing this where possible until the beginning of next year – sales of laptops are on the rise. According to telecoms…

Budget deficit rises to almost €20 billion in latest coronavirus funding round

The Finnish government is increasing debt to almost €20 billion to help the country recover from the economic impact of the coronavirus pandemic. A new, seventh, supplementary budget agreed on Friday between coalition party leaders will make another €1.5 billion…

New rules for restaurants, nightclubs and bars “a step in the right direction”

New powers that make it easier to differentiate between restaurants, bars and nightclubs has been cautiously welcomed as "a step in the right direction" by the Finnish Hospitality Association MaRa. On Tuesday the Parliamentary Committee for Social Affairs and Health…

Vantaa mayor sounds economy warning, as Finnair cuts 700 staff

The Mayor of Vantaa has sounded the economic alarm bell for her city, saying the impact of coronavirus, in particular connected to the airport and travel restrictions, will be deeply damaging to the area. "The airport has directly or indirectly…

Open for business – but immigrant entrepreneurs struggle during coronavirus pandemic

Business is brisk on a Saturday afternoon in Adil Al-Massi’s Tapiola barber shop. Its prime location between Ainoa shopping centre and Sokos Hotel means there’s a good flow of customers dropping in for a haircut or beard trim. Since Friends Barbershop -…

Latest News

GALLERY: Finland’s great tits! Also blue tits, coal tits, crested tits and more!

The Paridae is a large family of small birds found in the Northern Hemisphere and Africa. They are commonly referred to as tits over…

Morning headlines: Friday 18th December 2020

Police: Five Helsingin Sanomat staff suspected of national security crimes The National Bureau of Investigation says it suspects five Helsingin Sanomat stuff of being involved…

Morning headlines: Thursday 17th December 2020

Huge seasonal fall in income reported across hospitality sector Finland’s hospitality businesses are being squeezed by the economic impact of coronavirus more than ever, with…

Coronavirus health impact felt on everyday life, as authorities gear up for vaccine rollout

An extensive new study from THL shows how the impact of the coronavirus crisis this year has been felt across the whole country -…

Morning headlines: Wednesday 15th December 2020

Health impact of coronavirus felt on everyday life across the country An extensive new FinSote survey from THL shows how the impact of the coronavirus…

Education union welcomes new compulsory education law

The Finnish Education Union OAJ has welcomed a package of new laws which extend compulsory education. Members of Parliament passed a package of new laws…

Sitra Fund: Coronavirus has changed Finns’ habits

A new study by Sitra Fund finds that restrictions caused by the coronavirus have changed consumption habits, values and attitudes of Finns – including…

Alko sales increased in November

New figures show the number of liters of alcohol sold in Alko stores during November increased 5% compared with the previous year. There’s been a…