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Sunday January 05, 2025

OL nuke plant produces 23.26 TWh electricity in 2024

The Olkiluoto (OL) nuclear power plant produced a total of 23.26 TWh (Terawatt-hours or billion kilowatt-hours) of electricity in 2024, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release on Friday. The production is about 30 percent of the entire electricity consumption in Finland.

Published: 04:23 am,Saturday 4 January 2025

Turnover of construction drops by 2.3% in Nov Y-on-Y

The working day adjusted turnover of construction enterprises decreased by 2.3 per cent in November 2024 compared to the previous year, according to Statistics Finland. The volume of sales, from which the impact of price changes has been eliminated, went up by 1.7 per cent. Turnover in construction decreased by

Published: 04:49 am,Saturday 4 January 2025

Loviisa nuke plant covers 10% of electricity consumption in Finland

The Loviisa nuclear power plant produced a total of 7.9 terawatt hours of electricity In 2024, said Fortum in a press release on Friday. The plant's electricity production accounts for about 10% of the electricity consumed in Finland, which is nearly equivalent to the electricity consumption of the entire

Published: 21:27 pm,Friday 3 January 2025

Tesla's China operations demonstrate potential of win-win cooperation

Despite Tesla reports 1.1% sales drop for 2024, U.S. electric vehicle maker Tesla saw its sales in the Chinese mainland reach a record high of 657,000 units, up 8.8 percent year on year. Meanwhile, Tesla's energy storage Megafactory in Shanghai has started trial production recently, reported Xinhua. Tesla's story

Published: 01:01 am,Wednesday 1 January 2025

Trade balance posts €377m deficit in October

The trade balance showed a deficit of EUR 377 million in October 2024, according to the international trade in goods statistics published by Finnish Customs on Monday. In January-October 2024, the trade balance had accumulated a deficit of EUR 2.1 billion. The aggregate trade surplus by commodity group for

Published: 06:57 am,Tuesday 31 December 2024

Consumer confidence remains very weak in December

The balance figure of the consumer confidence indicator (CCI) stood at minus 8.6 in December, having been minus 7.4 in November and minus 6.8 in October, according to Statistics Finland. One year ago in December, the consumer confidence indicator received the value minus 13.3. The long-term average for the

Published: 23:50 pm,Monday 30 December 2024

German air taxi company Volocopter announces insolvency

German air taxi manufacturer Volocopter has declared insolvency as it seeks new funding, the company announced from its headquarters at Bruchsal near Stuttgart, reported dpa. "The company needs funding that will allow it to take the final steps to entering the market," the new court-appointed insolvency administrator said. Volocopter still

Published: 22:09 pm,Monday 30 December 2024

Motor Oil: The Lifeblood of Your Car’s Engine

Motor oil is often referred to as the "lifeblood" of a car’s engine, and for good reason. It plays a critical role in ensuring the smooth operation, longevity, and efficiency of your vehicle. Without the proper care and attention to motor oil, your engine’s performance can suffer dramatically,

Published: 11:35 am,Monday 23 December 2024

Number of unemployed jobseekers rises in Nov

The number of unemployed jobseekers was 292,400 in Finland at the end of November and the number is 28,100 more than a year earlier and 7,300 more than in the previous month, according to the Employment Bulletin of the Ministry of Economic Affairs and Employment published on Monday. The

Published: 03:12 am,Saturday 21 December 2024

Parliament approves €89.2b budget for 2025 with €12.5b deficit

The Parliament on Friday approved the government budget proposal for the year 2025, said an official press release. The budget of 89.2 billion euros, which is about 1.3 billion euros more than the actual budget for 2024 was passed by 97 votes to 70. The state budget is approximately 12.5

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