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Monday April 12, 2021

Trade balance posts €340m deficit in February

The trade balance showed a deficit of EUR 340 million in February, according to the preliminary statistics of international trade in goods provided by Finnish Customs. In January-February, the trade balance ran a deficit of EUR 650 million. In February 2020, the trade balance was EUR 775 million in

Published: 01:09 am,Monday 12 April 2021

Postal charges to rise from next month

The national postal and logistic services operator Posti has announced that it will increase the postal charge of letter and card domestically and internationally from 11 May. The decision follows a decline in the number of letter deliveries, said Posti in a recent press release. The price of a domestic

Published: 00:23 am,Sunday 11 April 2021

New car registration increases by 13.3% in March

A total of 18,215 new motor vehicles were registered in March this year, of which 12,244 were automobiles, according to Statistics Finland. First registrations increased by 14.8 per cent from the corresponding month of the previous year. Meanwhile, the number of new passenger cars registered was 10,428 in March, which

Published: 22:32 pm,Friday 9 April 2021

Application for corona-hit firms´ 3rd round support in April-May

The third application round for business cost support will begin on 27 April 2021 and the application round for closure compensation will begin on 12 May 2021. Companies can apply for both forms of support at the State Treasury, said the Ministry of Economic Affairs and Employment in a

Published: 00:47 am,Friday 9 April 2021

COVID turns youths’ summer job market feeble: Survey

As a result of the COVID-19 pandemic, one in every five young people has become unemployed or laid off and as many as 40 per cent lost their summer jobs or internship last year. OP and the association Economy and Youth TAT have taken some concrete actions to support

Published: 22:07 pm,Thursday 8 April 2021

Pandemic reduces accommodation services demand to 1990s levels

The COVID-19 pandemic and the associated restrictions reduced demand for accommodation services in Finland to 1990s levels, reported Xinhua, quoting Statistics Finland. The number of overnight stays at Finland's accommodation establishments has fallen to the level of 1995. Overnight stays by resident tourists in 2020 decreased by 25

Published: 17:33 pm,Monday 5 April 2021

Post-Brexit export to UK drops 20%, import from UK 50%

Careful preparatory work before the UK’s withdrawal from the EU enabled smooth foreign trade and commercial traffic during and after the transition, said Finnish Customs in a press release. For Finnish Customs, Brexit had a significant impact on the customs clearance volumes but also on customer guidance, information systems,

Published: 22:14 pm,Saturday 3 April 2021

Trade balance posts €318m deficit in Jan

The value of Finnish exports of goods decreased by 10.4 per cent year on year in January, according to the international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was EUR 4.4 billion. Export volume fell by 8.5 per cent and export prices decreased

Published: 00:30 am,Thursday 1 April 2021

H&M reports loss in Q1

The Swedish fast fashion brand H&M reported on Wednesday a loss for its first fiscal quarter of 2021, reported Xinhua. The company's first-quarter financial report showed that from December last year to February this year, the company had a pre-tax loss of 1.39 billion Swedish crowns, compared with

Published: 00:01 am,Wednesday 31 March 2021

Old dwelling prices in Greater Helsinki spike, slide in other places

The prices of old dwellings in housing companies rose by 3.4 per cent in Greater Helsinki in February year on year, according to Statistics Finland. In the rest of the country the prices fell 0.9 per cent. Compared to the old dwelling market situation in January, prices went up in

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