Economy & Business

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...

Finnair reveals first quarter profits plunge

Finnair has revealed its first quarter earnings results today, which show the airline's financial situation at the start of 2020, and highlight how much the coronavirus has impacted the industry. So far this year Finnair's revenue has decreased by 16%...

Economist: Restrictions cost Finland €1.2 billion per week

Restrictions to slow the spread of coronavirus in Finland are costing the country €1.2 billion each week. That's according to Mauri Kotamäki, Chief Economist from the Central Chamber of Commerce Kauppakamari, who says that the government has a tricky balancing...

Customs stops 100 tons of Israeli oranges with banned pesticide

Finnish customs Tulli has stopped more than 100 tons of oranges from Israeli making their way to consumers, because they were found to be contaminated with a pesticide that's banned in the European Union. The first batch of oranges was...

Government concedes errors over EU protective gear order

The government concedes that delays in joining an EU-wide order for protective equipment needed during the coronavirus crisis were due to 'ambiguity of responsibility among officials.' Finland was the last of 27 countries to sign up to participate in the...

As Finland puzzles over coronavirus, a nostalgic pastime boosts mental health

The coronavirus epidemic has ushered in a time of uncertainty for Finns: uncertainty over the economy and their jobs; uncertainty over their health, and risks to themselves and their families. But while people are coming up with new ways to...

Leading chefs call for direct aid to forcibly closed restaurants and cafes

A group of Finland's best-known chefs have written an open letter to the government to tell them that "only immediate direct support can save the restaurant industry." The letter is published in Five Stars, an industry website, and is signed...

Latest News

Coronavirus round-up: Thursday 28th May 2020

Here’s our evening round-up of the latest coronavirus news from Finland: Latest virus figures from THL Conflicting messages on domestic summer travel Mixed reaction...

Municipal workers reach new pay and conditions deal

Thousands of workers in the municipal sector, including some teachers, nurses and other  healthcare workers, will be covered by a new collective bargaining contract...

Stay or go? Conflicting signals on domestic summer travel

Should you go to summer cottage this weekend, or stay at home? Are you allowed to plan a domestic travel 'staycation' this summer or...

Prime Minister’s sick leave continues until the end of the week

Prime Minister Sanna Marin (SDP) is on sick leave until the end of the week. In a statement, the PM's office says she is suffering from...

Lapland communities brace for 50-year high spring floods

Communities across Lapland are bracing for spring floods which could reach their highest peak for 50 years, with up to 5-meter surges that threaten...

Cautious government response, critical opposition response to EU recovery plan

The Government has given a guarded response to the new EU coronavirus economic recovery plan, while Finland's main opposition parties have been more critical. On...

Morning headlines: Thursday 28th May 2020

Lapland communities brace for 50-year high spring floods Communities across Lapland are bracing for spring floods which could reach their highest peak for 50 years,...

Coronavirus round-up: Wednesday 27th May 2020

Here’s our evening round-up of the latest coronavirus news from Finland: Latest virus figures from THL Finland begins first domestic face mask production Unemployment...