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Valmet to cut 1150 jobs globally, 395 in Finland
Finnish engineering and manufacturing company Valmet is planning to cut about 1150 staff globally including 395 in Finland, said the company in a press release on Monday.…
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Trade balance posts €171m deficit in Jan
The trade balance showed a deficit of EUR 171 million in January 2024, according to the international trade in goods statistics provided by Finnish Customs on Friday.…
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Consumer confidence remains very weak in March
The balance figure of the consumer confidence indicator (CCI) stood at minus 8.2 in March, having been minus 9.0 in February and minus 8.4 in January, according to…
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Patria to invest €40m to expand production in Hämeenlinna
Majority Finnish state-owned defence arms factory Patria is making a €40 million investment to enhance and expand its Hämeenlinna production facility for…
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Tesla sales halve in EU amid broader EV boom
Sales of electric vehicles in the European Union (EU) rose in the first two months of 2025, but Tesla saw a sharp drop in new registrations, industry data showed on…
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Unemployment rate rises to 9.4% in Finland in February
The unemployment rate of persons aged 15 to 74, or the proportion of the unemployed among the labour force stood at 9.4 per cent in February, having been 7.8 per cent one…
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New nuke power projects in Nordic unviable without state support
Finnish majority state-owned energy company Fortum said on Monday that building new nuclear power plants in Finland and Sweden is not economically feasible without…
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65 to lose job, 640 affect as Fortum starts negotiation talks
About 65 employees will lose job and 640 will be affected as the Finnish majority state-owned energy company Fortum started codetermination talks, said the company in a…
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Global GDP growth projected to slow down to 3.1% in 2025
Global GDP growth is projected to moderate from 3.2 percent in 2024 to 3.1 percent in 2025 and 3 percent in 2026, the Organization for Economic Cooperation and…
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Real estate maintenance costs on rise in Finland
Real estate maintenance costs rose significantly in Finland in the last four years, according to Statistics Finland. The costs rose by 16.4 percent in Finland from 2021…
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