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Business
200 to lose job, 900 affect as Tax Office ends negotiation talks
The Finnish Tax Administration has completed restructuring negotiations with the employees as a part of its austerity measures by…
Nokia sells device, service managements to Lumine Group
Telecommunications giant Nokia on Wednesday announced an agreement under which Lumine Group Inc. will buy Nokia’s Device…
Finland sees highest bankruptcies in 25 years
A total of 345 bankruptcy proceedings were instigated in November 2023, which is 112 higher than the number in November one year ago,…
Prices of electricity, oil fall but district heat rise in Q3
The prices of natural gas, liquid fuels and electricity for the biggest users of electricity decreased in the third quarter of 2023…
Parliament approves €87.9b budget for 2024 with €11.4b deficit
The Parliament on Tuesday approved the government budget proposal for the year 2024, said an official press release. All the main…
Govt downgrades economic forecast as recession deepens
Finland’s economy is in recession in 2023 due to a decline in investments and household consumption, according to the Economic…
Govt’s deficit grows by €1b in Q3
Consolidated total general government revenue at current prices grew in July to September 2023 by EUR 1.6 billion and total expenditure…
Helsinki Port opens rest area for heavy-duty vehicles
The Port of Helsinki opened a rest area for harbour heavy-duty vehicles in Vantaa, said the port authority in a press release on…
OP, Nordea establish joint venture to make payment easier
OP and Nordea banks are establishing a joint venture to create Finnish solutions for payment challenges, said OP in a press release on…
Wages, salaries grow by 3.9% in Oct
The working day adjusted wages and salaries sum of the whole economy was 3.9 per cent higher in October 2023 than in October 2022,…