Business | Daily Finland, English News from Finland

Monday March 17, 2025

Pork, beef productions rise, sheep meat drops in Finland in 2024

The productions of beef and port increased in Finland in 2024 while the production of sheep meat decreased, according to the Natural Resources Institute Finland (Luke). A total of to 161 million kilograms of port and 87 million kilograms of beef were produced in the country in last year.

Published: 19:24 pm,Friday 14 March 2025

Inflation drops to 0.5% in February

The year-on-year change in consumer prices was 0.5 per cent in February 2025, according to Statistics Finland. In January, inflation stood at 0.7 per cent. The decrease of inflation from January to February was caused by lower average interest rate on housing loans and consumer credits etc. Consumer prices

Published: 23:10 pm,Thursday 13 March 2025

Grey economy link to small, medium Cos´ tax totals €120m yearly

The grey economy relating to corporate income tax of small and medium sized companies amounts to an average of €120 million annually, according to a report published by Finnish Tax Administration on Thursday. This is around five per cent of the corporate income tax payable by those companies. Small

Published: 21:17 pm,Thursday 13 March 2025

328 bankruptcies filed in February in Finland

A total of 328 bankruptcy proceedings were instigated in February 2025, which is 14 fewer than in the corresponding period one year earlier, according to Statistics Finland. The number of staff-years in enterprises that filed for bankruptcy totalled 1,252, which is 257 staff-years fewer than in February 2024. In February

Published: 01:13 am,Friday 14 March 2025

Trump's policies weaken outlook for Finnish export companies

Up to 80 percent of Finnish export companies expressed concerns that U.S. President Donald Trump's policies weaken their prospects, according to a survey published on Thursday, reported Xinhua. The survey conducted by Finland's Chamber of Commerce showed that the export companies have halved their confidence in the U.S. market

Published: 03:38 am,Wednesday 12 March 2025

462 staff to affect as UPM to close paper mill in Germany, stop CEMS

Finnish forest-based bio-industry company UPM has decided to permanently close its paper mill in Ettringen, Germany, said UPM in a press release on Tuesday. The closure will reduce the annual capacity of uncoated mechanical paper by 270,000 tonnes during July 2025. Should the plans be implemented the number of positions

Published: 23:45 pm,Tuesday 11 March 2025

U.S. tariffs, restrictions on trade to hamper Finland´s exports: Rehn

Governor of the Bank of Finland Olli Rehn on Tuesday said that the tariffs and restrictions on the trade imposed by United States would hamper Finland´s exports and curb private consumption and investment. “Widespread US tariffs on its imports from EU countries would, if implemented, hamper Finland’s goods exports,

Published: 02:06 am,Tuesday 11 March 2025

208 to lose job as Metsä closes Tako board mill

A total of 208 employees will lose job as Finnish forest industry company Metsä will permanently close Tako board mill in Tampere. Metsä Board has concluded the codetermination negotiations that began in January in this regard, said the company in a press release on Monday. "The change negotiations with the

Published: 01:38 am,Tuesday 11 March 2025

Trade balance posts €155m deficit in Jan

The trade balance was in deficit of EUR 155 million in January, according to the preliminary statistics of international trade in goods published by Finnish Customs on Monday. In January 2024, the trade balance was EUR 270 million in deficit. The value of Finnish exports decreased by 2.7 per cent

Published: 21:38 pm,Monday 10 March 2025

Leakage spotted at OL3 nuke plant´s radioactive coolant

A leakage of some 100 cubic metres of reactor coolant occurred at Olkiluoto 3 (OL3) nuclear power plant in connection with the filling of the reactor pool, said the owner of the plant Teollisuuden Voima Oyj (TVO) in a press release on Monday. The coolant flowed into containment rooms

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