Business | Daily Finland, English News from Finland

Monday May 23, 2022

Govt agrees on €2.2b 2nd supplementary budget

The five-party alliance government on Friday agreed on the second supplementary budget proposal responding to appropriations needs directly caused by Russia’s war of aggression in Ukraine and mitigates the harm caused by COVID-19 to children and young people. In total, the supplementary budget proposal envisages an increase in appropriations

Published: 18:28 pm,Friday 20 May 2022

Russia cuts gas supply to Finland

Natural gas imports from Russia under the supply contract of Finnish state-owned energy company Gasum will be halted on Saturday morning, said Gasum in a press release on Friday. The reason for the cut is that Finland has not agreed to pay in rubles for pipeline gas supplies. Gazprom Export

Published: 03:13 am,Thursday 19 May 2022

Russia to stop gas exports to Finland this week: Gasum

Finnish state-owned energy company Gasum considered that natural gas imports from Russia could end this week, said the company in a press release on Wednesday. Gasum considers there to be a real risk of the natural gas supplies under the company’s gas supply contract ending and that it is

Published: 02:32 am,Thursday 19 May 2022

Prices of old single-family houses rise by 2.1 % in Q1

Prices of old one-dwelling houses rose by 2.1 per cent in the whole country in the first quarter of 2022 from the previous year, according to Statistics Finland. Compared to the previous quarter, prices of old one-dwelling houses went up by 1.0 per cent. In the early part of 2022,

Published: 22:21 pm,Tuesday 17 May 2022

NATO application puts Finland's Russian trade on thin ice

As Finland moves to join NATO, DW wonders how hard the economic impact of delinking economically with Russia could be. The other NATO wannabe, Sweden, has far less to worry about. Sweden's exports to Russia were worth $2.49 billion (€2.27 billion) in 2021, a mere 1.3% of its total

Published: 03:44 am,Wednesday 18 May 2022

Initial COVID business aid allocation could have been improved

Coronavirus business support helped companies survive the pandemic but initial allocation of aid could have been improved, according to an assessment report published on Tuesday, said the Ministry of Economic Affairs and Employment in a press release. The report ‘Assessment of Support Policy during the Coronavirus Pandemic,’ published by

Published: 04:28 am,Tuesday 17 May 2022

Producer prices of agricultural products grows by 18% in Q1

The producer prices of agricultural products rose by 18 per cent in the first quarter of 2022, according to Statistics Finland. The prices of vegetable products went up by 27 per cent and those of meat and animal products by good 12 per cent. The lowest grain crop in the

Published: 20:19 pm,Monday 16 May 2022

McDonald's to permanently exit Russia after 30 years of business

America's fast-food giant McDonald's rolled out on Monday the process to sell its hundreds of restaurants in Russia, joining scores of western companies who are exiting the Russian market amid international sanctions, reported DW, quoting news agencies dpa, AP and AFP. "The humanitarian crisis caused by the war in

Published: 03:12 am,Sunday 15 May 2022

Russia suspends power supply to Finland

Russian state-owned company RAO Nordic suspended electricity export to Finland on Saturday, said the company in a statement. The company pointed out that the money for the electricity sold on Nord Pool exchange since the 6th of May was not yet been credited to its bank account resulting the

Published: 00:32 am,Monday 16 May 2022

Building costs rise by 9.4% in April

Building costs rose by 9.4 per cent in April 2022 from one year back, according to Statistics Finland. The costs of materials and several commodity groups rose particularly. Among materials, the prices of steel structures rose most. In April, the costs of timber structures made a clear upturn again and

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