Business | Daily Finland, English News from Finland

Friday February 14, 2025

Neste to axe 600 jobs globally, 450 in Finland

The state-run petroleum company Neste is planning to permanently reduce about 600 positions including about 450 in Finland, said the company in a press release on Thursday. Neste said that it planned to simplify operating model and increase internal efficiency to improve profitability and cost-competitiveness. As a result, the

Published: 02:44 am,Friday 14 February 2025

Finland sees highest number of bankruptcies in 28 years in January

A total of 381 bankruptcy proceedings were instigated in Finland in January 2025, which is 83 more than in the corresponding period one year earlier, according to Statistics Finland. On the monthly level the number of bankruptcies has last been this high in October 1997. The number of staff-years in

Published: 00:04 am,Friday 14 February 2025

Finland, Slovenia sign LoI on 8x8 Armoured Vehicles purchase from Patria

Finland and Slovenia on Thursday signed a Letter of Intent (LoI) on support for the procurement of 8x8 Armoured Modular Vehicles from Patria., said the Ministry of Defence and Patria in separate press releases. Finnish Defence Minister Antti Häkkänen and his Slovenian counterpart Borut Sajovic signed the LoI for

Published: 02:12 am,Thursday 13 February 2025

EK for reducing regulatory burdens on growth via innovation

The Confederation of Finnish Industries (EK) on Wednesday said that the European Union must aim at leadership in the global innovation race by reducing regulatory burdens, accelerating the clean transition, and pursuing new trade partnerships with unmatched vigour. Support for Ukraine and investments in security must be scaled up

Published: 02:11 am,Wednesday 12 February 2025

OP-Nordea joint venture to make e-invoice, online payment easier okayed

The Finnish Competition and Consumer Authority (FCCA) has approved a plan, which will make easier to send and receive e-invoices, and to perform consumer-to-consumer and consumer-to-business online payments, on the basis of mobile phone numbers, said OP in a press release on Tuesday. As per the plan Siirto Brand

Published: 23:38 pm,Tuesday 11 February 2025

SMEs outlook shows modest recovery, use of AI rises

The economic expectations of small and medium-sized enterprises (SMEs) have remained largely unchanged since last autumn, but they show some improvement from a year ago, according to the SME Barometer published on Tuesday. Lower inflation and interest rates have had a positive impact on companies’ outlook and the challenging

Published: 02:05 am,Wednesday 12 February 2025

Fortum mulls setting up pumped hydro storage plants in Sweden

Finnish energy company Fortum has initiated a two-year feasibility study to explore prerequisites for new pumped hydro storage plants, said the company in a press release on Tuesday. The company will examine commercial, technological, environmental and regulatory conditions for new pumped hydro storage plants in Sweden. The feasibility study will

Published: 03:57 am,Tuesday 11 February 2025

Industrial output drops in Dec from previous month, rises Y-on-Y

Seasonally adjusted industrial output decreased by 1.7 per cent in December from the month before, according to Statistics Finland. Industrial output adjusted for working days grew by 1.6 per cent compared to one year ago. Among the examined main industries, output declined most in the chemical industry from the previous

Published: 02:54 am,Tuesday 11 February 2025

Justin Hotard made new Nokia CEO

Finnish telecommunications company Nokia on Monday appointed Justin Hotard as the next President and Chief Executive Officer of the company, said Nokia in a press release. He will start in his new role on April 1 replacing Pekka Lundmark. “I am delighted to welcome Justin to Nokia. He has a

Published: 03:46 am,Tuesday 11 February 2025

OP counts more insurance costs as number of claims rises

More accidents occurred to Pohjola Insurance customers in 2024 than ever, said OP in a press release on Monday. Personal customers in particular suffered significantly more major losses, and cases of common cold remain frequent. Pohjola Insurance’s claims expenditures grew by four per cent in 2024, exceeding 1.12 billion euros. The

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