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Tuesday September 21, 2021

Number of unemployed jobseekers drops in Aug

The number of unemployed jobseekers decreased by 48,700 from August last year, said the Ministry of Economic Affairs and Employment in a press release on Tuesday. At the end of August, a total of 281,000 unemployed jobseekers were registered at the Employment and Economic Development Offices and municipalities participating

Published: 01:59 am,Tuesday 21 September 2021

UN Global Compact recognises UPM as sustainable company

Finnish forest-based bio-industry company UPM on Monday has been recognised as one of the world’s 37 most sustainable companies by the UN Global Compact, the world’s largest corporate sustainability initiative. The company received the LEAD Participant status as the only forest industry representative and the only Finnish company, said

Published: 01:01 am,Monday 20 September 2021

Tax revenue drops by 1.9% in 2020

The accrual of taxes and compulsory social security contributions decreased by 1.9 per cent in 2020, according to Statistics Finland. The reasons related to the coronavirus pandemic were mainly responsible for the drop of the tax revenue. The total accrual amounted to EUR 99.5 billion. The tax ratio fell from

Published: 01:36 am,Saturday 18 September 2021

Santa Claus’ post office to resume on Nov 8

Santa Claus’ Main Post Office in Santa Claus’ Village, Rovaniemi, at the Arctic Circle is reopening on November 8, said the national postal and logistic services operator Posti in a press release on Friday. The Post Office closed its doors temporarily on April 29 against the backdrop of coronavirus

Published: 19:48 pm,Wednesday 15 September 2021

RAKSU forecasts growth in residential construction sector

With the economy growing faster than expected in the first half of this year, the construction sector has also perked up substantially during the spring, estimated the working group on business cycles in the construction sector (RAKSU group). Low interest rates and consumer confidence in the economy further strengthen

Published: 23:49 pm,Tuesday 14 September 2021

Valmet's new EV battery plant starts production

Finnish vehicle and battery manufacturer Valmet Automotive has opened a new battery plant in Uusikaupunki, southwestern Finland, reported Xinhua, quoting the company statement. The company held an opening event for the new plant on Tuesday, attended by the Minister of Economic Affairs Mika Lintilä. Production of high-voltage automotive battery modules

Published: 23:32 pm,Tuesday 14 September 2021

Gov't seeks direct state ownership in SSAB

The government said on Tuesday that it would take over direct control of shares in Swedish steelmaker conglomerate SSAB to help the country achieve carbon neutrality by 2035, said an official press release. Solidium has held about six percent of the shares and eight percent of the voting rights

Published: 15:09 pm,Tuesday 14 September 2021

Inflation climbs to 2.2% in August

The year-on-year change in consumer prices was 2.2 per cent in August, according to Statistics Finland. In July, inflation stood at 1.9 per cent. The increase in inflation was caused by higher prices of capital repair on detached houses, for example. Consumer prices were raised most in August by increases

Published: 01:33 am,Wednesday 15 September 2021

Apple introduces iPhone 13, iPhone 13 mini

Apple on Tuesday introduced iPhone 13 and iPhone 13 mini in five colors with A15 Bionic chip, brighter Super Retina XDR display, new dual-camera system, 5G experience, IP68 rating water resistance, and longer battery life, reported Xinhua. According to Apple, iPhone 13 and iPhone 13 mini represent a

Published: 01:28 am,Tuesday 14 September 2021

UPM invests in ultracapacitor at Ontojoki hydropower plants

The forest-based bio-industry company UPM Energy is investing in an ultracapacitor at its Ontojoki hydropower plants in Kuhmo, said UPM in a press release on Monday. The ultracapacitor will be the first of its kind to be used in a hydropower system and the investment will enable UPM Energy

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