Economy & Business

Finnish railways operator VR is to end ticket sales at five mainline stations, and potentially making 13 staff unemployed. Dedicated VR ticket sales offices at Jyväskylä, Lahti, Oulu, Tikkurila and Turku are to close and the company is starting negotiations…

Finland’s national airline Finnair has raised €501 million in a share offering that was so popular, it was oversubscribed by 11%. The fundraising effort was indented to boost Finnair’s financial position and the company, which is more than 55% owned…

A new survey highlights how Finns are relaxing their own personal coronavirus restrictions as the epidemic subsides, and how they have more confidence in life after the pandemic. The study was carried out by the Federation of Finnish Industries EK…

From next Monday restaurants, cafes and bars will be able to serve more customers, for longer, than they are currently able to as the government further relaxes coronavirus restrictions. Ministers Krista Kiuru (SDP) and Hanna Kosonen (Centre) made the announcement alongside experts…

A new forecast from the Ministry of Finance predicts that Finland’s recovery from the economic damage caused by the global coronavirus pandemic will be slow. The report, published on Tuesday, says the economy will shrink by 6% this year as…

The Government has unveiled it’s new supplementary budget which gives a €5.5 billion shot in the arm to Finland, to help the country recover from the financial impact of the coronavirus pandemic. Some of the key areas which will receive…

Finnish pulp and paper company UPM is closing its Jyväskylä plywood plant with the loss of 167 jobs. The plan produces spruce and birch plywood but UPM says the profitability of the operation "has been weak for a long time,…

A decision to ease restrictions and allow restaurants, cafes and bars to re-open this week is welcome news for many in the industry eager to get back to business after two months of enforced closures. But for others Monday is…

Parliament and the President approved new temporary amendments to the Communicable Diseases Act on Friday, which makes it possible for restaurants, bars and cafes to open again for business on 1st June. Businesses will be able to serve alcohol until…

The number of people out of work and looking for employment almost doubled in April compared with the year before, as the coronavirus crisis deepened. The latest statistics, released on Wednesday, paint a stark picture of the impact on society…