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Thursday May 09, 2024

OL3 nuke power plant resumption delays for 5th time

The resumption of power generation at the Olkiluoto 3 nuclear power plant will be delayed further by four more days, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release on Wednesday. The annual outage of Olkiluoto 3 will be extended by an additional four

Published: 22:40 pm,Tuesday 7 May 2024

Fortum to pilot hydrogen production plant in Loviisa

The Finnish majority state-owned energy company Fortum will build a hydrogen production pilot plant in Loviisa, said the company in a press release on Tuesday. The plant will be located in the Källa area near Fortum’s Loviisa nuclear power plant. The construction of the Kalla test center will begin in

Published: 22:59 pm,Tuesday 7 May 2024

New car registration drops by 16% in April

A total of 6,156 new passenger cars were registered in April 2024, which was 16 per cent fewer than one year earlier, according to Statistics Finland. In all, 11,785 new vehicles were registered in April. First registrations decreased by 11 per cent from the corresponding month of the previous

Published: 23:31 pm,Monday 6 May 2024

250 to lose jobs as Posti starts negotiation talks

National postal and logistic services operator Posti has taken an initiative to cut up to 250 jobs, said Posti in a press release on Monday. Posti started negotiations with the employees working for delivery of unaddressed advertisements and free distribution papers, and to the operations of Tampere postal center. Posti

Published: 03:44 am,Tuesday 7 May 2024

Wages, salaries grow by 1.4% in March

The working day adjusted wages and salaries sum of the whole economy was 1.4 per cent higher in March 2024 than in March 2023, according to Statistics Finland. The seasonally adjusted wages and salaries sum of the whole economy, however, decreased by 0.7 per cent in March from the

Published: 01:56 am,Sunday 5 May 2024

OL2 nuke power plant resumption also delays by a day due to glitch

The resumption of power generation at the Olkiluoto 2 nuclear power plant will be delayed by one day due technical problems, said the owner of the plant Teollisuuden Voima Oyj (TVO) on Saturday. “The annual outage of Olkiluoto 2 will be extended by a day due to the fault

Published: 02:23 am,Sunday 5 May 2024

Turnover in industry drops by 16% in March

Working day adjusted turnover in industry (TOL BCD) decreased by 16 per cent in March 2024 from March 2023, according to Statistics Finland. Turnover decreased most in March in the forest industry and the metal industry. Seasonally adjusted turnover in industry went down by 5.1 per cent in March from

Published: 00:31 am,Saturday 4 May 2024

Fortum sells its 185-MW Indian solar portfolio

The Finnish majority state-owned energy company Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India Pte. Ltd, said Fortum in a press release on Friday. The portfolio comprises four solar power plants in India with the total

Published: 02:48 am,Saturday 4 May 2024

OP forecasts faster fall of home price

Home prices will fall faster than previously anticipated this year and the rising interest rates decreased the regional differences in the housing market, according to housing market review by OP Financial Group. OP economists have lowered their forecast on the development of home prices since the weak first part

Published: 02:56 am,Friday 3 May 2024

Govt refuses 16 applications for offshore wind power projects

The Government has issued a negative decision on 16 applications for exploitation rights concerning offshore wind power in the exclusive economic zone, said the Ministry of Economic Affairs and Employment in a press release on Thursday. Many of the areas located in the Gulf of Bothnia overlap each other. The

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