Business | Daily Finland, English News from Finland

Tuesday December 23, 2025

Manufactured goods see slight price hike in Nov

Producer prices for manufactured products rose by an average of 0.2 per cent in November this year compared to the price in November 2024, according to Statistics Finland. The producer prices of manufactured products sold on the domestic market rose by 1.6 per cent, while the producer prices of

Published: 23:43 pm,Friday 19 December 2025

Bank of Finland sees no solid economic growth in coming years

The Finnish economy is moving out of a sluggish growth phase, but there is no strong growth anticipated in the immediate years ahead, according to the forecast for the Finnish economy for the period 2025–2028 published by the Bank of Finland on Friday. Inflation will remain moderate and employment

Published: 23:20 pm,Friday 19 December 2025

Parliament approves €90.8b budget for 2026 with €9.4b deficit

The Parliament on Friday approved the government budget proposal for the year 2026, said an official press release. The budget of 90.8 billion euros for the next year is about 1.6 billion euros more than the budget for 2025. On-budget revenue excluding net borrowing is estimated at EUR 81.5 billion,

Published: 01:13 am,Saturday 20 December 2025

Foreign companies employ 334,330 staff in Finland last year

Foreign enterprises located in Finland employed 334,330 persons in 2024, according to Statistics Finland. Enterprises from Sweden, the United States, Germany, Jersey and Denmark employed the highest number of personnel. Manufacturing was the most significant industry measured both by the number of personnel and turnover. There were 5,685 foreign

Published: 13:08 pm,Friday 19 December 2025

Elisa cuts 357 jobs globally, 347 in Finland

Finnish telecommunications company Elisa decided to terminate 347 employees, including 347 in Finland as a part of its austerity measures, said the company in a press release on Thursday. The company completed the codetermination talks in this regard following the decision taken in October. The company decided to take the

Published: 16:20 pm,Thursday 18 December 2025

Recovery of Finnish economy delays: Finance Ministry

Finland’s economic recovery has been weaker than expected this year, according to the economic forecast published by the Ministry of Finance on Thursday. The general government deficit is wide, and the debt ratio will continue to grow, said the Ministry in a press release referring to the forecast. Year-on-year growth

Published: 01:54 am,Friday 19 December 2025

Fish production drops by 24m KGs in Finland in 2024

A total of 119 million kilograms of fishes were caught in Finland in 2024 and the amount is 24 million kilograms lower than in the previous year, said the Natural Resources Institute Finland (Luke) on Thursday. The total catch includes fish caught by both commercial and recreational fishers. Baltic herring

Published: 01:49 am,Thursday 18 December 2025

Outokumpu axes 368 jobs, 139 in Finland

Finnish steel company Outokumpu decided to cut 368 full-time employees including 139 in Finland as a part of its austerity measures, said the company in a press release on Wednesday. The company completed the codetermination negotiations in Finland, Sweden and Germany and decided to also terminate 109 employees in

Published: 00:49 am,Wednesday 17 December 2025

189 staff affected as UPM closes paper mill in Germany

A total of 189 employees were affected as Finnish forest-based bio-industry company UPM completed the employee consultation process to permanently close its paper mill in Ettringen, Germany, said UPM in a press release on Tuesday. Following the closure, UPM’s uncoated mechanical paper production capacity will be reduced by

Published: 23:36 pm,Tuesday 16 December 2025

Finland's renewable energy share rises to 43% in 2024

Renewable energy accounted for 43 percent of Finland's total consumption in 2024, up more than one percentage point from the previous year, as output from wind and solar power continued to rise, Statistics Finland said Tuesday, reported Xinhua. The country's total consumption of renewable energy rose by 2 percent

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