Business | Daily Finland, English News from Finland

Sunday January 24, 2021

Fewer enterprises open, more enterprises close

The number of enterprise openings fell by seven per cent in July to September 2020 compared with the respective quarter in 2019, according to Statistics Finland. In April to June 2020, the number of enterprise closures was 13 per cent higher than twelve months earlier. There were 9,320 enterprise openings

Published: 22:27 pm,Friday 22 January 2021

20% Finns dream to own hybrid, electric car

Five per cent of the Finns intend to buy a hybrid or electric car this year, according to a survey commissioned by Pohjola Insurance. The survey also showed that up to 20 per cent of Finns dream about a hybrid or electric car, said a press release on Friday. Correspondingly,

Published: 03:31 am,Wednesday 20 January 2021

Use of cash by OP customers plummets in 2020

The customers of OP reduced their cash transactions through all channels in the coronavirus year of 2020. The amount of cash withdrawn by customers from ATMs was about EUR 800 million lower last year than that in the previous year, said OP in a press release on Tuesday. The use

Published: 00:06 am,Wednesday 20 January 2021

European car market slumps by a quarter in 2020

The number of new passenger cars registered in Europe last year fell by almost a quarter to 12.0 million as Europe recorded the largest decline among the world's three major sales regions (China, North America and Europe), reported Xinhua, quoting the German Association of the Automotive Industry (VDA)

Published: 00:26 am,Tuesday 19 January 2021

25% Finnish companies properly follow human rights criteria

The majority of Finnish companies are generally committed to respecting human rights. However, only a quarter of companies systematically and publicly assess the impact of their business activities on the realisation of human rights. The result is in line with the international average, according to a government analysis, assessment

Published: 22:26 pm,Sunday 17 January 2021

Building costs fall by 0.5% in December

Building costs fell by 0.5 per cent in December 2020 compared with that in the previous year, according to the Statistics Finland. Labour costs went down by 1.4 per cent. The prices of materials and services rose by 0.1 per cent compared to one year ago. The fall in labour

Published: 19:13 pm,Sunday 17 January 2021

Cargo-handling at Helsinki Port drops 8.5% in 2020

The Port of Helsinki handled a total of 13.3 million tonnes of cargo in 2020, which was 8.5 per cent lower than that in the previous year. The first year of the COVID-19 epidemic nearly emptied the typically busy Port of Helsinki of passengers, said a press release of

Published: 01:45 am,Sunday 17 January 2021

Industrial turnover decreases by 1.6% in Nov

Working day adjusted turnover in industry (TOL BCD) decreased in November by 1.6 per cent year-on-year, according to Statistics Finland. Among the main industries, turnover decreased most in the chemical industry, where it was 17.1 per cent lower than one year earlier. Seasonally adjusted turnover in industry (TOL BCD)

Published: 21:46 pm,Thursday 14 January 2021

Inflation remains unchanged at 0.2% in Dec

The year-on-year change in consumer prices was 0.2 per cent in December, according to Statistics Finland. In November, inflation stood also at 0.2 per cent. In 2020, the average inflation rate was 0.3 per cent. Consumer prices were raised most in December by increases in the prices of cigarettes, detached

Published: 03:04 am,Wednesday 13 January 2021

Large corporations ready for low growth

The Financial Group OP in its annual survey of large corporations operating in Finland found that uncertainty and low-growth expectations are prevailing in their plans to cope with the impacts of coronavirus pandemic in 2021. Although corporate capital spending has declined, corporations are ready to react quickly, once demand

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