Economy & Business

VR ending ticket sales, laying off staff at five mainline stations

Finnish railways operator VR is to end ticket sales at five mainline stations, and potentially making 13 staff unemployed. Dedicated VR ticket sales offices at Jyväskylä, Lahti, Oulu, Tikkurila and Turku are to close and the company is starting negotiations...

Finnair raises €501 million, as passengers get ‘clean kits’ on expanded flight services

Finland's national airline Finnair has raised €501 million in a share offering that was so popular, it was oversubscribed by 11%. The fundraising effort was indented to boost Finnair's financial position and the company, which is more than 55% owned...

Finns’ confidence in life and the economy after coronavirus improves

A new survey highlights how Finns are relaxing their own personal coronavirus restrictions as the epidemic subsides, and how they have more confidence in life after the pandemic. The study was carried out by the Federation of Finnish Industries EK...

Restrictions on restaurants and bars easing again next week

From next Monday restaurants, cafes and bars will be able to serve more customers, for longer, than they are currently able to as the government further relaxes coronavirus restrictions. Ministers Krista Kiuru (SDP) and Hanna Kosonen (Centre) made the announcement alongside experts...

Forecast: Finland’s coronavirus economic recovery will be slow

A new forecast from the Ministry of Finance predicts that Finland's recovery from the economic damage caused by the global coronavirus pandemic will be slow. The report, published on Tuesday, says the economy will shrink by 6% this year as...

New budget gives €5.5 billion coronavirus recovery shot in the arm

The Government has unveiled it's new supplementary budget which gives a €5.5 billion shot in the arm to Finland, to help the country recover from the financial impact of the coronavirus pandemic. Some of the key areas which will receive...

UPM closing Jyväskylä plywood plant with 167 job losses

Finnish pulp and paper company UPM is closing its Jyväskylä plywood plant with the loss of 167 jobs. The plan produces spruce and birch plywood but UPM says the profitability of the operation "has been weak for a long time,...

Closing time: eased restrictions on bars and restaurants come too late for some businesses

A decision to ease restrictions and allow restaurants, cafes and bars to re-open this week is welcome news for many in the industry eager to get back to business after two months of enforced closures. But for others Monday is...

Parliament approves new rules to open restaurants, cafes and bars

Parliament and the President approved new temporary amendments to the Communicable Diseases Act on Friday, which makes it possible for restaurants, bars and cafes to open again for business on 1st June. Businesses will be able to serve alcohol until...

Number of unemployed jobseekers nearly doubles in April

The number of people out of work and looking for employment almost doubled in April compared with the year before, as the coronavirus crisis deepened. The latest statistics, released on Wednesday, paint a stark picture of the impact on society...

Latest News

Morning headlines: Wednesday 12th August 2020

Li Andersson: 'Coronavirus back-to-school discussion has moved on since spring' Finnish students are heading back to school on Wednesday, after an unprecedented year that saw...

Li Andersson interview: ‘Coronavirus back-to-school discussion has moved on since spring’

Finnish students are heading back to school on Wednesday, after an unprecedented year that saw classes suspended during the worst of the coronavirus epidemic...

Turku knife attack hero in court over compensation fraud 

A British man hailed as a hero during the Turku terror attack was in court Tuesday facing charges of fraud. Hassan Zubier, who lives in...

Finland’s top diplomat in Beirut: ‘Lebanese people seem to be tired of rising from the ashes’

The Muslim call to prayer echoed from mosques across Lebanon on Tuesday evening, as church bells tolled at exactly 18:09, a week after a...

Minister of Justice caught out by announcement of strict quarantine rules

Minister of Justice Anna-Maja Henriksson (RKP) was apparently caught out by a Monday night announcement from Minister of Family and Basic Services Krista Kiuru (SDP) that...

Morning headlines: Tuesday 11th August 2020

New testing regime, and fines or prison time for travelers who don't self-isolate Finland will introduce fines or even a possible three month prison sentence...

Minister: Fines or prison time for travelers who don’t self-isolate

Finland will introduce fines or even a possible three month prison sentence for people who refuse to go into self-isolation when they arrive from...

Investigators scour social media video for Hanko powerboat crash clues

Accident investigators are scouring social media video to find different views of a boat crash that left a child of primary school age dead,...