Business | Daily Finland, English News from Finland

Thursday May 06, 2021

Navy to buy 4 service boats from Kewatec AluBoat

The Ministry of Defence has authorised the Defence Forces to make a contract with Oy Kewatec AluBoat Ab on the supply of four new service boats, said the Ministry of Defence in a press release on Wednesday. With the overall length of 19.2 metres, the boats are suitable for

Published: 14:15 pm,Tuesday 4 May 2021

Unemployment rate increases to 8.3% in Q1

The average number of unemployed persons in the first quarter of 2021 was 224,000, which was 34,000 more than in January to March 2020, according to the Statistics Finland. The unemployment rate in the first quarter of 2021 was 8.3 per cent, which was 1.2 percentage points higher than

Published: 12:40 pm,Tuesday 4 May 2021

Economy unscathed despite mortgage worry

The Finnish economy has come through the COVID-19 pandemic with less damage than expected, according to the Bank of Finland. The pandemic hasn’t shaken the functioning of Finland’s financial system, said the bank in a press release. The strong monetary and fiscal policy stimulus, the flexibility granted by the banks

Published: 11:00 am,Monday 3 May 2021

Finnair starts online sale of meal

National flag carrier Finnair has started online sale of its meal in the market on Monday, said the Finnair in a press release. The hand-made meals from Finnair Kitchen are available in Foodora online food delivery service. In addition, meals continue to be available in selected K stores. ”This new cooperation

Published: 22:53 pm,Sunday 2 May 2021

Hard coal consumption grows 2% in Q1

The consumption of hard coal increased by two per cent in this year's January to March compared to the corresponding period of last year, according to Statistics Finland. The consumption of hard coal as a fuel in the generation of electricity and heat amounted to 0.643 million tonnes, corresponding

Published: 20:56 pm,Sunday 2 May 2021

Trade balance posts €349m deficit in Feb

The trade balance showed a deficit of EUR 349 million in February this year, according to the international trade in goods statistics provided by Finnish Customs. In January-February 2021, the trade balance had a deficit of EUR 659 million. The deficit was EUR 404 million smaller than in the

Published: 01:13 am,Friday 30 April 2021

Govt decides fiscal plan for 2022–2025

The government on Thursday in its mid-term policy review, outlined extensive measures to strengthen employment and public finances in the aftermath of the COVID-19 pandemic. The decisions in the mid-term review included policies to strengthen growth, to continue on the path to carbon neutrality and to reduce inequality, said

Published: 13:07 pm,Friday 30 April 2021

Deposit returns insignificant in current economic situation

According to Aktia's Chief Economist Lasse Corin, the weak growth potential of the Finnish economy and structural challenges will have an adverse effect on income development. In an environment of low income growth, the importance of return on assets invested by households is emphasized as a means of accumulating

Published: 10:51 am,Friday 30 April 2021

Twitter announces 28% revenue up in Q 1

Twitter, Inc. on Thursday announced financial results for its first quarter of 2021 with total revenue of 1.04 billion U.S. dollars, up 28 percent year over year, reported Xinhua. Its quarterly net income amounted to 68 million dollars, representing a net margin of 7 percent and diluted earnings

Published: 00:20 am,Thursday 29 April 2021

KONE Q1 results improve

Finland's KONE Corporation, a leader in elevator and escalator industry on Wednesday announced improvements in its results in January-March 2021, reported Xinhua. The sales of KONE during the first quarter (Q1) grew by 5.8 percent to 2,326.4 million euros year-on-year. Its adjusted operating result in Q1 reached 249.8 million euros,

More News