Economy & Business

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...

Minister promises audit of coronavirus business grants

Finland's Minister of the Economy Mika Lintilä (Centre) says the government will launch an audit of companies granted financial help from Business Finland during the coronavirus crisis. Writing on Twitter on Tuesday, Lintilä said "The Ministry of Economic Affairs and Employment...

Posti set to furlough 1,100 workers as freight business slumps during pandemic

The Finnish postal service Posti is starting talks to lay off 1,100 staff in its Freight services; Home Services and Transval business units due to a down-turn in business during the coronavirus pandemic. Other parts of Posti's business are seeing...

Eckerö Line lays off 500 staff

Ferry operator Eckerö Line is making up to 500 staff redundant. The majority of them are seafarers, according to the Seaman's Union, and cuts will be felt for the crews of the M/s Eckerö and M/s Birka Stockholm in Åland...

Finland’s economy forecast to take a 5.5% coronavirus hit

The Ministry of Finance has released its economic review for 2019,  and forecasts the economy will shrink by 5.5% this year due to the coronavirus pandemic. The ministry notes that the shift in fortunes for economies around the world because...

Latest News

Ministry wants to order €100 million worth of protective equipment

The Ministry of Health has submitted a procurement proposal to buy €100 million worth of protective equipment for the National Emergency Supply Agency NESA,...

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...