Business | Daily Finland, English News from Finland

Tuesday August 03, 2021

Finnish households draw down €2.2b housing loans in June

In June 2021, Finnish households drew down new housing loans to a value of EUR 2.2 billion, which is EUR 358 million more than a year earlier, said the Bank of Finland in a press release on Monday. Of the new housing loans, 8.5% were for investment. At the

Published: 01:18 am,Monday 2 August 2021

Year-on-year turnover of construction enterprises grows in June

The working day adjusted turnover of construction enterprises grew by 6.8 per cent in June 2021 compared to the turnover in June 2020, according to Statistics Finland. The turnover, however, decreased compared with the previous month. According to the preliminary data, seasonally adjusted turnover in construction decreased by 0.4 percent

Published: 01:09 am,Saturday 31 July 2021

Turnover in industry grows in June

The working day adjusted turnover in industry grew by 9.3 per cent in June 2021 compared with June 2020, according to Statistics Finland. The development was partly due to the exceptional situation caused by the coronavirus one year earlier. Turnover, however, decreased compared with the previous month According to the preliminary

Published: 19:32 pm,Friday 30 July 2021

Production at Olkiluoto 3 to delay by 1 month

The regular electricity production of the nuclear power plant Olkiluoto 3 (OL3) will be delayed for a month due to extra turbine overhaul and inspection works, said the company Teollisuuden Voima Oyj (TVO) on Friday, quoting the plant supplier Areva-Siemens Consortium. The company said that the hot functional test

Published: 22:21 pm,Thursday 29 July 2021

Customs floats tender for cryptocurrency broker

Finnish Customs has issued a call for tenders from cryptocurrency brokers with the view to find an operator through competitive negotiated procedure, who safely and reliably can carry out the sale of cryptocurrencies forfeited to the State. Candidates for the competitive dialogue can register until 30 August 2021, said

Published: 23:26 pm,Thursday 29 July 2021

Volkswagen Group posts record H1 results

Volkswagen Group's sales revenues in the first six months of the year (H1) rose by 34.9 percent year-on-year to 129.7 billion euros, the carmaker announced on Thursday, reported Xinhua. After losses of 1.02 billion euros in H1 2020, net profit in the same period this year soared to 8.45

Published: 19:18 pm,Thursday 29 July 2021

Nokia reports strong H1 results, 5G growth

Finland-based telecommunications giant Nokia improved both its sales and results during the second quarter (Q2) of this year, reported Xinhua, quoting the company press release on Thursday. Nokia's Q2 net sales increased four percent year-on-year, from 5,092 million euros to 5,313 million euros. Its comparable operating profit in Q2

Published: 23:49 pm,Tuesday 27 July 2021

Business outlooks improve during summer: EK

Finnish company outlooks have continued to improve during the summer, according to the July Business Tendency Survey by the Confederation of Finnish Industries (EK). The services sector, which has suffered the most from the coronavirus pandemic, is also rising back on its feet, said the EK on Tuesday, quoting

Published: 20:46 pm,Tuesday 27 July 2021

Number of employed people rises in June

The number of employed people was 121,000 higher in June 2021 than one year ago, according to Statistics Finland. There were 7,000 more unemployed than in June 2020. The trend of the employment rate was 72.4 per cent and the trend of the unemployment rate was 7.9 per cent. In

Published: 01:18 am,Wednesday 28 July 2021

IMF projects global economy to grow by 6% in 2021

The International Monetary Fund (IMF) on Tuesday maintained its global economic growth forecast at 6 percent for 2021, with economic prospects diverging further across countries since April's forecast, according to the latest World Economic Outlook (WEO). "The global economic recovery continues, but with a widening gap between advanced

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