Economy & Business

Employment numbers continue to improve in May

The latest figures from Statistics Finland show an ongoing improvement in the country's employment situation. The latest data reflects an increase in the number of people employed during May, and shows a continued drop in the number of registered unemployed...

Baltic gas pipeline work completed to connect Finland and Estonia

Work to lay a gas pipeline under the Baltic Sea to connect Finland and Estonia has been completed ahead of schedule this week. The Balticconnector project links Inkoo on Finland south coast with Paldiski in Estonia and will connect the natural...

Wolt investors deliver extra €110 million in funding

Finnish food delivery service Wolt has announced an additional €110 million funding from investors to drive its international growth. The company started in 2014 by Miki Kuusi, who was previously the CEO of Slush. Wolt now delivers restaurant food by...

Ramirent signs merger deal worth €970 million with French company

Finnish construction equipment company Ramirent has signed a merger deal with Europe's biggest machine rental company Loxam, an agreement worth €970 million. The price that the French company paid represents €9 per share, which was almost double the value-per-share of Ramirent on the Helsinki...

Google announces €600 million investment in Hamina data centre

Tech company Google is planning to invest around €600 million to expand its data centre at Hamina. The company opened its first Finnish data centre in a renovated papermill in the south coast town back in 2011. It uses sea...

Positive trend continues for unemployment figures

The ongoing fall in unemployment figures continued in April, with new figures showing fewer unemployed jobseekers, fewer long term unemployed people, fewer young people unemployed, and more job vacancies. The latest statistics from the Ministry of Economic Affairs and Employment...

ETLA: Immigrant-run businesses create jobs, but pay low wages

A new report from the Research Institute of the Finnish Economy ETLA finds that businesses run by immigrants create a lot of jobs, but pay lower wages that businesses run by non-immigrants. According to the Institute, immigrant-owned firms account for...

Report: Many Finns wary of making mobile payments

A new survey finds that Finns are still wary of making too many online payments with their mobile phone, with one-in-three saying they won't pay for their shopping online via smart phone because of security fears. That's one of the...

Tallinn tunnel developers announce Arctic railway bid

The company behind plans to build a tunnel between Finland and Estonia have jumped into the frame to develop a new high-speed Arctic railway line as well. Finest Bay Area Development Oy, fronted by former Angry Birds entrepreneur Peter Vesterbacka,...

Finland’s startup workers earn less than Nordic counterparts

Do you ever wonder how your salary compares to people doing similar jobs in neighbouring countries? A new study finds that people working in Finnish startups are earning less than their Nordic counterparts – but they’re also working fewer hours...

Latest News

Government considers new bar and restaurant restrictions

The Finnish government is considering bringing in new restrictions on bars and restaurants because of the continued spread of coronavirus. Speaking to MTV News on...

Valtteri Bottas races to victory at Russia Grand Prix

Finnish F1 driver Valterri Bottas has raced to victory at the Russian Grand Prix, at the expense of his Mercedes team mate Lewis Hamilton. Bottas lead for...

Morning headlines: Monday 28th September 2020

Government considers new bar and restaurant restrictions The Finnish government is considering bringing in new restrictions on bars and restaurants because of the continued spread...

Foreign Minister “seriously concerned” about escalating Caucasus conflict

Finnish Foreign Minister Pekka Haavisto (Green) says he's "seriously concerned" about the situation in the Caucasus region of Central Asia. His comments come as Armenia and...

Tiny dining: Finland’s ‘smallest restaurant’ is up for sale, and looking for just the right buyer

A tiny restaurant in Töölö, part of the Helsinki neighbourhood's fabric for more than half a century,  is up for sale - but the...

Finland’s rugby champions crowned, despite disrupted Covid-19 season

Finland's domestic rugby season came to a climax this weekend after a summer season curtailed by coronavirus restrictions. Although other sports have started their competitions...

GALLERY: Autumn brings mushroom explosion to Finland’s forests

Late summer and early autumn is the time when the hidden mycorrhizae of the forest produce their fruiting bodies that are better known as mushrooms...

Report: American officials lied to Congress over Finnish journalist’s award

A new report by the US State Department's Office of Inspector General found that American officials lied to Congress about the reasons for revoking...