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VW in Hanover scales back production due to parts shortage
German carmaking giant Volkswagen is to scale back production at VW Commercial Vehicles in Hanover due to missing engine parts from Slovenia following catastrophic…
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e-cars profitable at least as conventional vehicles: BMW
German automaker BMW is earning no less money with its electric cars than with its petrol and diesel vehicles, according to the company boss, Oliver Zipse, reported dpa.…
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Meat production drops by 4% in Jan-July
Meat production decreased by 4% in January-July this year compared to the stipulated period of the previous year, said the Natural Resources Institute Finland –Luke…
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Draw-downs of housing loans drop by 27% in July
Drawdowns of new housing loans in July 2023 totalled EUR 1.0 billion, which was 27% lower than the stipulated month of the previous year, said the Bank of Finland on…
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Turnover in industry drops by 18.2% in July
The working day adjusted turnover in industry decreased by 18.2 per cent in July 2023 compared with July 2022, according to Statistics Finland. Seasonally adjusted…
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Finnish-German startup launches quantum computer for universities
A new quantum computer was launched on Wednesday by a Finnish-German company for universities and research laboratories, reported Xinhua. Developed by IQM Quantum…
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Trade balance shows €228m deficit in June
The trade balance showed a deficit of EUR 228 million In June 2023, according to the international trade in goods statistics published by Finnish Customs on Tuesday. In…
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Finnish economy to fall into mild recession: OP
The economists of the OP Financial Group forecast a slight downturn and recession in the next 12 months, said OP in a press release on Tuesday. According to a recent…
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Govt publishes €87.2b draft budget for 2024 with €10.1b deficit
The government on Monday published the draft budget of 87.2 billion euros for the year 2024 with a deficit of 10.1 billion euros, said the for the Ministry of Finance in…
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Rail freight traffic drops by 22 % in 2022
A total of 31.2 million tonnes of freight were transported by rail in Finland in 2022, according to Statistics Finland. The volume of freight transported fell by 22 per…
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