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Finland 2025 growth forecast revised down amid tariff fallout: OP
Finland's largest financial services provider, OP Financial Group, has sharply cut its forecast for the country's economic growth this year, warning that…
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Generator fault again suspends power production at OL2
Electricity production at the Olkiluoto 2 (OL2) nuclear plant unit suspended on Tuesday due to increased moisture detected in the generator of the turbine plant, said the…
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Finland generates 95% power from fossil-free sources in 2024
About 95 per cent of Finland's electricity production in 2024 came from fossil-free energy sources, including nuclear, wind, hydro and solar power, and renewable…
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OL2 to resume power production with full capacity on April 19
The Olkiluoto 2 (OL2) nuclear power plant unit will return to full power output of 890 megawatts, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press…
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Ministry issues reasoned conclusion on EIA report for OL1, OL2 nuke plants
The Ministry of Economic Affairs and Employment on Friday submitted a reasoned conclusion on the environmental impact assessment (EIA) report on the Olkiluoto 1 and 2…
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More bankruptcies filed in March in Finland
A total of 350 bankruptcy proceedings were instigated in March 2025, which is 76 more than in March one year earlier, according to Statistics Finland. In March, the…
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Neste axes 510 jobs globally, 370 in Finland
The state-run petroleum company Neste decided to permanently reduce 510 positions including 370 in Finland, said the company in a press release on Monday. The company…
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Finland exports lumber, forest products worth €12b in 2024
The value of forest industry exports was roughly EUR 12 billion last year, accounting for 17 per cent of Finland’s total exports of goods, according to the National…
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Prices of old single dwelling houses fall by 2.4% in 2024
Prices of old one-dwelling houses fell by 2.4 per cent in the whole country in 2024, according to Statistics Finland. Prices of one-dwelling house plots rose by 0.8 per…
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Germany’s Nordex bags wind-turbine order for Finnish projects
Swedish renewable energy company OX2 has placed two orders with Nordex SE to supply a total of 70 N175/6.X wind turbines for projects in Finland, the German wind-turbine…
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