Economy & Business

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...

Surprised? Finns bought a lot more booze from Alko in March

With restaurants closed, and foreign travel coming to a standstill, Finns flocked to Alko stores in March to stock up on alcohol even as the coronavirus restrictions started to kick-in. The state-owned monopoly reports that although the actual number of...

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...

Latest News

A new political party? Timo Soini says maybe.

Veteran politician Timo Soini, who lead the Finns Party to become a major force in Finnish politics, who was a founding member of Blue Reform...

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...

Morning headlines: Friday 3rd July 2020

Finns relaxing their own coronavirus restrictions Two surveys have highlighted how Finns are relaxing their own personal coronavirus restrictions as the epidemic fades in Finland....

Appeals Court upholds verdict against Finns Party MP for incitement crimes

The Court of Appeal in Rovaniemi has ruled to uphold a verdict against Finns Party Member of Parliament Sebastian Tynkkynen. The Oulu MP was convicted...

Mosquito capable of spreading malaria discovered in Finland

Researchers from the University of Helsinki say they’ve identified for the first time a species of mosquito in Finland which is likely to be...

Hot sunny weather sweetens Finland’s strawberry crop

The recent spell of warm weather means that Finland’s strawberry season is off to a good start in southern and central areas this year. The...

Poll: Slight majority of Finns consider racism a significant problem

Slightly more than half of Finns consider racism to be a significant problem, according to a new poll released to by Uutissuomalainen newspaper group. The...

Morning headlines: Thursday 2nd July 2020

Maria Ohisalo interview: Borders, feminism and Finland's green recovery Finland's Interior Minister Maria Ohisalo (Green) has three big issues on her desk at the moment: the...