Business | Daily Finland, English News from Finland

Saturday June 10, 2023

Transport energy consumption wanes by 4% in 2022

Energy consumption in domestic transport amounted to 164 petajoule (PJ) in 2022, falling by four per cent (PJ) from the previous year, according to Statistics Finland. Liquid fuels in road transport had the biggest effect on the fall. The combined consumption of motor gasoline and diesel fuel in road

Published: 01:56 am,Saturday 10 June 2023

Gasum opens new biogas filling station in Norway

Finnish state-owned energy company Gasum on Friday inaugurated a new biogas filling station in Ålesund municipality, on the western coast of Norway, said the company in a press release. Gasum has collaborated with Posten, the Norwegian postal service, and ÅRIM, a waste management company, to open the new gas

Published: 22:44 pm,Wednesday 7 June 2023

Finnish economy to fall into mild recession: OP

OP Financial Group economists forecast that the gross domestic product (GDP) of counties in Finland will grow at a slower pace this and next year compared with the previous years’ average, said OP in a press release on Wednesday. According to the forecast, unemployment should increase only moderately, and

Published: 19:28 pm,Wednesday 7 June 2023

New car registration rises by 19% in May

A total of 9,435 new passenger cars were registered in May 2023, which was 19 per cent more than one year earlier, according to Statistics Finland. In all, 16,718 new vehicles were registered in May. First registrations increased by 6 per cent from the corresponding month of the previous

Published: 23:09 pm,Wednesday 7 June 2023

Fortum, Westinghouse to find new nuke possibility in Finland, Sweden

The Finnish majority state-owned energy company Fortum and Westinghouse Electric Company, one of world’s leading suppliers of safe and innovative nuclear technology, have signed a Memorandum of Understanding (MoU) to explore prerequisites for the development and deployment of new nuclear in Finland and Sweden. Any potential investment decisions

Published: 01:02 am,Wednesday 7 June 2023

Trade balance posts €360m surplus in April

The trade balance was in surplus of EUR 360 million in April, according to the preliminary statistics of international trade in goods published by Finnish Customs on Tuesday. In January-April, the aggregated deficit amounted to EUR 535 million. In April 2022, the trade balance was EUR 955 million in deficit

Published: 01:17 am,Wednesday 7 June 2023

Insufficient innovation in private sector blamed for weak productivity

according to a study published Tuesday by two of the country's leading economic research bodies, reported Xinhua. The study by the Research Institute of the Finnish Economy (Etla) and the Labor Institute for Economic Research underlines that economic growth and well-being depend on productivity. However, during the past decade,

Published: 02:14 am,Friday 2 June 2023

Gasum to build liquefied biogas filling station in Lapland

Finnish state-owned energy company Gasum has begun work on building a new gas filling station in the municipality of Keminmaa in northern Finland, said the company in a press release on Thursday. Construction work will take around six months and the goal is to open the station to users

Published: 23:59 pm,Wednesday 31 May 2023

GDP contracts by 0.4% in Q1 YoY

The volume of Finland's gross domestic product (GDP) contracted by 0.4 percent in the first quarter of 2023 on a year-on-year (YoY) basis, reported Xinhua, quoting Statistics Finland on Wednesday. However, the country's economy grew by 0.2 percent from the previous quarter. The agency explained that the contraction of investments

Published: 01:42 am,Wednesday 31 May 2023

US firm Plug Power plans 3 hydrogen plants in Finland

US company Plug Power has planned to develop three green hydrogen production plants in Finland, said the company in a press release on Tuesday. The plants will be set up at Kokkola, Kristinestad and Porvoo are expected to produce 850 tons per day (TPD) of green hydrogen, or 2.2

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