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Thursday July 10, 2025

More people in Finland file debt restructuring petitions in H1

A total of 2,724 debt restructuring petitions of private persons were filed with district courts from January to June in 2025, according to Statistics Finland. The number of petitions filed was 221 or 8.8 % higher than in the stipulated period of the previous year. Altogether 50.8 per cent of

Published: 01:45 am,Wednesday 9 July 2025

Trade balance posts €145m surplus in May

The trade balance was in surplus of EUR 145 million in May, according to the preliminary statistics of international trade in goods released by Finnish Customs on Tuesday. In January-May, the aggregated deficit amounted to EUR 400 million. In May 2024, the trade balance was EUR 30 million in

Published: 11:17 am,Tuesday 8 July 2025

Enersense sells Pori shipyard to Canadian company Davie

Finnish company Enersense International on Tuesday signed an agreement to sell its subsidiary Enersense Offshore Oy, which constitutes the company’s Marine and Offshore Unit, to Canadian shipbuilding company Davie, said Enersense in a press release. The Marine and Offshore Unit’s operations are located in a shipyard in Mäntyluoto, Pori. Davie

Published: 21:50 pm,Monday 7 July 2025

VW surges to 46% share of German electric car market

The Volkswagen (VW) Group held a 46% market share in the German electric car market in the first half of the year, putting it far ahead of competing firms, an analysis of figures from Germany's motor transport authority (KBA) has shown, reported dpa. The analysis, seen by dpa on

Published: 20:43 pm,Saturday 5 July 2025

New car registration drops by 5% in Finland in H1

A total of 37,258 new passenger cars were registered in Finland in January-June period of 2025, which was 5 per cent fewer than one year earlier, according to Statistics Finland. In June, a total of 7,449 new passenger cars were registered, which was 10 per cent more than one

Published: 21:41 pm,Thursday 3 July 2025

Company closures in Finland surge in Q1

The number of company closures in Finland continued to rise sharply between January and March this year, according to a press release issued by Statistics Finland on Thursday, reported Xinhua. In the first quarter of 2025, nearly 11,000 new companies were established. However, more than 21,000 businesses ceased operations

Published: 08:31 am,Wednesday 2 July 2025

Drawdowns of housing loan rise in May

New drawdowns of housing loans by Finnish households in May 2025 amounted to EUR 1.3 billion, an increase of 12% on the same month a year earlier, according to Bank of Finland. Of the newly drawn housing loans, buy-to-let mortgages accounted for EUR 110 million. The average interest rate on

Published: 00:55 am,Wednesday 2 July 2025

Majority Finns for shifting away from US products, investment: survey

A recent survey conducted by Finnish financial services group LahiTapiola revealed that two out of three Finns now prefer to purchase products and services from Europe rather than the United States, reported Xinhua. The shift is largely attributed to U.S. President Donald Trump's unpredictable trade policies. According to the survey

Published: 05:33 am,Tuesday 1 July 2025

Trade war to hinder Finland´s economic growth : Bank of Finland

Trade policy tightening and uncertainty over the development of the global economy will slow the pace of economic growth, and a clearer improvement in economic conditions will not be seen until next year, according to the Bank of Finland. The Bank of Finland on Monday published its forecast for

Published: 09:54 am,Monday 30 June 2025

Average prices of liquid fuel drop in June

The average prices of liquid fuels decreased in June 2025 compared to the prior month, according to Statistics Finland. The price with taxes for diesel was EUR 1.6 and for petrol 95, EUR 1.7 per litre. The equivalent average price for petrol 98 was EUR 1.8 and for light

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