Economy & Business

New figures from Statistics Finland released on Tuesday morning show the position of employment has weakened, while unemployment has risen compared with the year before. It’s further evidence of the impact the coronavirus crisis has had on Finland’s economy, and…

The Finnish Hospitality Association MaRa says the government ‘forgot’ about the restaurant and tourism industry in the 2021 budget, which was unveiled on Wednesday. MaRa has joined with the service sector trade union PAM to call for temporary VAT cuts to…

Finnair says it will continue some flight services through the winter to five regional airports, but then stop those connections at the end of March next year. The airports affected are Joensuu, Jyväskylä, Kajaani, Kemi and Kokkola. Finnair said reduced demand…

The government has formerly unveiled their 2021 budget proposals after two-and-a-half days of negotiations between ministers, and party leaders separately, in Helsinki. All the budget decisions are set against the backdrop of the coronavirus crisis which has impacted the economy…

Finnish burger chain Friends & Brgrs has announced it will open six more restaurants this year, creating 200 hundred new positions in cities around the country. The new restaurants will open in Helsinki, Espoo, Lappeenranta, Kuopio and Rovaniemi; adding to the 10…

Government party leaders are meeting again in Helsinki for a second day of talks to set the 2021 budget. It’s supposed to be the last day of discussions, however, Prime Minister Sanna Marin (SDP) says it looks like talks will…

Finnish fuel company Neste says it is restructuring operations due to a drop in demand for fossil oil products: shuttering its Naantali refinery, and focusing more on renewables at the Porvoo plant instead. The company will start negotiations over job…

Government ministers have started the latest phase of their 2021 budget negotiations today, against the backdrop of the impact the coronavirus epidemic has had on Finland’s economy. Talks are taking place at House of the Estates in Helsinki, and arriving…

Finnair is set to reduce its flight capacity in October due to low demand for flights amid ongoing travel restrictions. The national carrier will cut flights on almost all routes, operation an average of 70-80 flights per day instead of…

Package holiday travel corridors, tourism bubbles, test-to-fly schemes: the government and regional tourism operators are casting a wide net to come up with ways to save Finland’s highly seasonal foreign tourist industry. The raft of new initiatives which emerged over…