Economy & Business

Alko sales jump 23% in April, during coronavirus lockdown

Finland's state alcohol monopoly Alko sold 23% more booze in April this year compared to the year before. The increase coincides with the most stringent lockdown measures during the coronavirus crisis when bars, cafes, restaurants and other licensed premises were...

Green ideas: How to rebuild Finland after the pandemic, with a focus on the environment

As Finland looks ahead to a period of economic rebuilding and societal recovery after the worst months of the coronavirus crisis, ministers have repeatedly emphasised the importance of 'green spending' - making investments in the future that are economically...

Radical reforms proposed to stop decade of economic loss

A working group tasked with coming up with ideas for Finland to return to financial good health after the coronavirus crisis has laid out a set of radical reform proposals impacting education, the economy and working life. The economic advisory...

Government to think again on “lousy” restaurant compensation package

The Government is to reconsider its compensation package for restaurants, cafes and licensed premises after a chorus of complaints that the deal, unveiled just 24 hours before, is deeply flawed. The €123 million plan included an element worth €83 million...

Ferry companies launch sea crossings from mid-May

Two of Finland’s biggest ferry operators Tallink-Silja and Viking Line say they’ll resume sea crossings from mid-May. On that date the government says it will open up Schengen borders for work travel and other essential journeys, and in practice that means passengers can again...

Government cooks up €123 million support package for restaurant industry

The government has unveiled a new package of financial aid for restaurants, cafes and bars which were forced to close down when nationwide restrictions were imposed to slow the spread of coronavirus in early April. Restaurants, cafes and licensed premises...

Finland’s basic income experiment reports mixed results

The final official report looking into Finland's basic income experiment concludes that there were some positives and negatives along the way. The two year basic income experiment was carried out in 2017-2018 and was hailed as the first nationwide, random...

Is this Finland’s tiniest flat? It’s on sale in a prime Helsinki location

An apartment measuring just seven square meters is on sale in Helsinki with an initial asking price of €59,000. The property has one room with space for a kitchenette; a custom sofa-bed to fit the space; a shower/bathroom; and some...

Tourism revenues forecast to slump up to 70% this year

The amount of money spent by domestic and foreign tourists in Finland is forecast to fall by as much as 70% during 2020 due to the impact of the coronavirus on travel and the economy. Last year tourists spent €16.1...

Stockmann sales collapse, as company considers selling flagship Helsinki store

Finnish retailer Stockmann has announced a decrease in sales for the first quarter of this year, as a promising start to 2020 turned sour when the effects of the coronavirus pandemic started to hit their business. During January, February and...

Latest News

Finnair begins new round of layoff talks today

Finnair is starting additional layoff talks today involving more than 6,000 staff. Although the national carrier has announced a return to around 30% of its...

Children in low-income families hit hardest by coronavirus stresses

Children in low-income Finnish families have been impacted by the stresses of the coronavirus crisis more than children from wealthier households. A new survey from...

Morning headlines: Monday 25th May 2020

Children from low-income families impacted most by coronavirus crisis Many children from low-income families are facing fears about the coronavirus crisis, and are concerned about...

PM forced to release coronavirus papers after accusations of secrecy

Prime Minister Sanna Marin (SDP) has been forced to order the release of papers that show how an expert committee handled coronavirus deliberations, after being...

Karita Mattila: Opera diva, interrupted

Overture. Opera singer Karita Mattila is as energetic on the telephone as you would imagine from scrolling through her up-beat Twitter feed. "Oh no! I've called...

Coronavirus round-up: Friday 22nd May 2020

Here’s our evening round-up of the latest coronavirus news from Finland: No new coronavirus deaths reported on Friday President criticises eurozone Covid-19 bailouts Crisis...

Finns get comfortable and relax during lockdown

Finns are getting comfortable and relaxing at home during the coronavirus lockdown, spending more money on spa treatments and leisure wear clothing according to...

President criticises eurozone coronavirus recovery bailouts

Finnish President Sauli Niinistö has used the launch of his Kultaranta summer discussion event to criticise the idea of bailing out eurozone countries during the...