Business | Daily Finland, English News from Finland

Saturday May 04, 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

Published: 01:43 am,Wednesday 1 May 2024

Glitches delay OL3 nuke plant resumption for 4th time

The resumption of power generation at the Olkiluoto 3 nuclear power plant will be delayed further by two more days due technical problems, said the owner of the plant Teollisuuden Voima Oyj (TVO) on Tuesday. According to the updated schedule, the outage will be completed now by May 10,

Published: 04:38 am,Wednesday 1 May 2024

Turnover of construction drops by 8.3% in March Y-o-Y

The working day adjusted turnover of construction enterprises decreased by 8.3 per cent in March 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 down by 6.2 per cent. The decline in construction

Published: 02:50 am,Tuesday 30 April 2024

Consumer confidence becomes gloomier in April

The balance figure of the consumer confidence indicator stood at minus 12.6 in April, having been minus 9.4 in March and minus 9.5 in February, according to Statistics Finland. One year ago in April, the consumer confidence indicator (CCI) received the value minus 7.9. The long-term average for the

Published: 05:58 am,Tuesday 30 April 2024

Posti to set up sorting centre in Estonia

National postal and logistic services operator Posti will set up sorting center in Tallinn, Estonia at a cost of EUR 14 million, said Posti in a press release on Monday. The logistics center to be built for Itella, is a major investment in Posti’s parcel business in the Baltics.

Published: 02:25 am,Monday 29 April 2024

OL3 nuke power plant resumption delays for 3rd time due to glitches

The resumption of power generation at the Olkiluoto 3 nuclear power plant will be delayed further by four more days due technical problems, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release on Sunday. According to the updated schedule, the outage will now be

Published: 04:01 am,Saturday 27 April 2024

Outage to suspend production at OL2, OL1 nuke plants

The electricity production at the Olkiluoto 2 (OL2) nuclear power plant will remain suspended from Sunday (April 28) due to annual outage, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release At Olkiluoto 1 (OL1), the service outage, which will last for about

Published: 00:34 am,Friday 26 April 2024

Govt forecasts recovery from recession but finances in deficit

Finland’s economy will recover from recession, but public finances will remain in deficit. according to the Economic Forecast published by the Ministry of Finance on Thursday. Finland’s debt ratio will continue to grow, but more slowly, said the ministry. The latest statistics considerably darkened the picture of Finland’s economic development

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