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Wednesday October 05, 2022

6 clean energy projects get €99.8m investment aid

The Ministry of Economic Affairs and Employment on Tuesday granted EUR 99.8 million to six clean energy projects, said the ministry in a press release. The ministry made the first energy investment aid decisions under Finland’s Recovery and Resilience Plan to promote clean energy solutions. Two of the projects utilise

Published: 02:11 am,Tuesday 4 October 2022

Companies, cities reduce 10.3 TWh energy use yearly

Companies and municipalities that have signed energy efficiency agreements introduced nearly 19,000 different energy efficiency measures, saved 10.3 terawatt hours of energy each year, said the Ministry of Economic Affairs and Employment in a press release on Monday. The impact of energy saving measures implemented by Finnish industry, the

Published: 00:51 am,Monday 3 October 2022

Trade balance posts €1.2b deficit in July

The trade balance showed a deficit of EUR 1.2 billion in July, according to the international trade in goods statistics provided by Finnish Customs. In January-July 2022, the trade balance had an aggregated deficit of EUR 7.7 billion. The deficit was EUR 5.4 billion higher than in the corresponding period

Published: 00:08 am,Saturday 1 October 2022

Exceptionally large corporate loans disbursed in Aug

A large volume of EUR 3.3 billion of new loans drawn to non-financial corporations1 from credit institutions operating in Finland in August, said the Bank of Finland. The average interest rate on new drawdowns decreased from June, to stand at 1.59% in August, due to the decline of interest

Published: 14:52 pm,Friday 30 September 2022

Eurozone inflation hits record 10%

Inflation in the 19-member eurozone reached 10% in September, the highest it has ever been in the history of the common European currency, according to the latest flash estimate from Eurostat, the EU statistics agency reported DW, quoting news agencies, dpa and AP. This is up from the 9.1%

Published: 12:34 pm,Thursday 29 September 2022

Finnair to cut 200 jobs globally, 120 in Finland

National flag carrier Finnair is planning to reduce about 200 jobs globally including 120 in Finland, said the airline in a press release on Thursday. Finnair will start change negotiations with its employees on October 5 to discuss plans to reorganize the company through personnel redundancies and changing job

Published: 22:56 pm,Wednesday 28 September 2022

General govt debt grows by €3.2b in Q2

General government EDP debt, i.e. consolidated gross debt at nominal prices amounted to EUR 188.2 billion at the end of the second quarter of 2022 and grew by EUR 3.2 billion during the quarter, according to Statistics Finland. Relative to GDP, general government debt stood at 71.6 per cent.

Published: 23:44 pm,Tuesday 27 September 2022

Customs probes into 120 transports under EU sanctions against Russia

Finnish Customs has started about 250 preliminary surveys concerning transports under EU sanctions, of which about 120 cases are currently under preliminary investigation, said Customs in a press release on Tuesday. Custom has continued enforcing the sanctions imposed by the EU against Russia as an essential element of its

Published: 01:02 am,Thursday 29 September 2022

VR Transpoint delivers record amount lumber in Aug

VR Transpoint delivered a record amount of roundwood by rail in Finland in August, which was more than 1.2 million cubic metres, said national railway operator VR in a press release. The amount is about 30,000 cubic metres more than in the previous record month of March 2021. The transported

Published: 13:38 pm,Tuesday 27 September 2022

Consumer confidence falls to ever lowest level in Sep

The balance figure of the consumer confidence indicator (CCI) stood at minus 18.3 in September, having been minus 14.9 in August and minus 15.9 in July, according to Statistics Finland. The September figure is the weakest in the measuring history from 1995 to 2022. Last year in September, the CCI

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