Business | Daily Finland, English News from Finland

Tuesday May 14, 2024

Fingrid sees possibilities to link offshore wind power to main grid

The Finnish national electricity transmission grid operator, Fingrid has preliminary identified five areas along the west coast where large offshore wind parks could be connected to the mainland Finland’s transmission grid by the 2030s, said an official press release on Monday. The identified areas are Ulvila, Närpiö, Vaasa, Raahe,

Published: 04:02 am,Saturday 11 May 2024

Most 1st-time home buyers buy 2 or more-room apartments: OP

Last year, most of the first-time home loans OP Financial Group granted were granted for two-room apartments or larger, said OP in a press release on Friday. When examining the 20 locations that had the most first-time home buyers in the last year, the median area of apartments bought

Published: 01:54 am,Friday 10 May 2024

OL2 nuke plant resumes power generation after outage

The Olkiluoto 2 (OL2) nuclear power plant resumed production on Thursday morning after the annual outage, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release. The plant returned to electricity production at 8:21a.m. after the annual outage of 10 days, 14 hours, and 24

Published: 02:37 am,Friday 10 May 2024

Industrial output drops by 3.9% in March

Seasonally adjusted industrial output (TOL BCD) decreased by 3.9 per cent in March from the month last year, according to Statistics Finland. Industrial output adjusted for working days went down by 7.7 per cent compared to March 2023. Total industrial output (BCD) decreased by 7.7 per cent year-on-year in March

Published: 02:16 am,Thursday 9 May 2024

OL3 nuke power plant resumption delays for 5th time

The resumption of power generation at the Olkiluoto 3 nuclear power plant will be delayed further by four more days, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release on Wednesday. The annual outage of Olkiluoto 3 will be extended by an additional four

Published: 22:40 pm,Tuesday 7 May 2024

Fortum to pilot hydrogen production plant in Loviisa

The Finnish majority state-owned energy company Fortum will build a hydrogen production pilot plant in Loviisa, said the company in a press release on Tuesday. The plant will be located in the Källa area near Fortum’s Loviisa nuclear power plant. The construction of the Kalla test center will begin in

Published: 22:59 pm,Tuesday 7 May 2024

New car registration drops by 16% in April

A total of 6,156 new passenger cars were registered in April 2024, which was 16 per cent fewer than one year earlier, according to Statistics Finland. In all, 11,785 new vehicles were registered in April. First registrations decreased by 11 per cent from the corresponding month of the previous

Published: 23:31 pm,Monday 6 May 2024

250 to lose jobs as Posti starts negotiation talks

National postal and logistic services operator Posti has taken an initiative to cut up to 250 jobs, said Posti in a press release on Monday. Posti started negotiations with the employees working for delivery of unaddressed advertisements and free distribution papers, and to the operations of Tampere postal center. Posti

Published: 03:44 am,Tuesday 7 May 2024

Wages, salaries grow by 1.4% in March

The working day adjusted wages and salaries sum of the whole economy was 1.4 per cent higher in March 2024 than in March 2023, according to Statistics Finland. The seasonally adjusted wages and salaries sum of the whole economy, however, decreased by 0.7 per cent in March from the

Published: 01:56 am,Sunday 5 May 2024

OL2 nuke power plant resumption also delays by a day due to glitch

The resumption of power generation at the Olkiluoto 2 nuclear power plant will be delayed by one day due technical problems, said the owner of the plant Teollisuuden Voima Oyj (TVO) on Saturday. “The annual outage of Olkiluoto 2 will be extended by a day due to the fault

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