Economy & Business

Agriculture work schemes attract thousands of applicants

Two schemes to get people to sign up for seasonal agricultural work have attracted thousands of applicants. The seasonwork.fi website is run by the government with the backing of ministries and the European Union, while maatilalle.fi us run by a...

Supply Agency chief resigns amid face mask scandal

The CEO of the National Emergency Supply Agency NESA Tomi Lounema has resigned after a scandal involving millions of euros spent on masks from China, ordered through a company in Estonia, which was done without due diligence. Some 230,000...

Katri Kulmuni interview: “It would be easy if we could just spend our way out of this crisis”

Finland's Minister of Finance Katri Kulmuni (Centre) has been burning the candle at both ends. A marathon 16-hour video conference at the start of the week with her EU colleagues was peppered by three one-hour naps; and then she went...

Face masks: Import debacle highlights the need for domestic production

A debacle over face masks ordered from China which failed quality control tests, has highlighted the need for more reliable ways of getting protective equipment to Finland's frontline medical staff. The multi-million euro deal was for 230,000 high grade surgical...

Fimea joins EU stocktaking in case of possible medicines shortage

The Finnish Medicines Agency Fimea says it is preparing for any possible shortage of medicines used to treat patients in hospital with coronavirus symptoms. A letter sent last week from the EU Commissioner for Health and Food Safety Stella Kyriakides...

Government talks focus on coronavirus budget spending

Government ministers are meeting for two days of budget talks largely focused on how much to spend to mitigate the impact of the coronavirus pandemic. Arriving at the House of the Estate in Helsinki on Tuesday, Prime Minister Sanna Marin (SDP) said...

Stockmann files for corporate restructuring

The Stockmann Group has filed paperwork with Helsinki District Court on Monday morning for corporate restructuring. It comes after the company says the coronavirus has caused a “significant impact on the company’s customer volumes and cash flow.” In a statement, Stockmann...

Restaurant owners pivot, as pressure grows for more help for the hospitality industry

Finland's bars, cafes, restaurants and nightclubs shut their doors to customers at midnight on Friday, as new rules came in to slow the spread of coronavirus, which keeps businesses closed until at least the end of May. But for many...

VR waives railway restaurant rents for two months

State railways operator VR Group says it is waiving the rents of cafes and restaurants on its station properties across the country for two months, because of the economic impact of the coronavirus pandemic. Tennants won't have to pay their...

Mika Lintilä: “This is the worst moment of Finland’s economic history”

Minister of Economic Affairs Mika Lintilä (Centre) says the coronavirus crisis "is the worst moment of Finland's economic history" as he set out new help for entrepreneurs and medium-sized businesses. At a Friday morning press conference with Justice Minister Anna-Maja Henriksson...

Latest News

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...

Crisis impacts Finland’s buying and renting house markets

The coronavirus crisis is having a negative impact on Finland's housing market. Mortgage credit association Hypo says it could lead to a 2% fall in...