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Govt Predicts Bouncing Back from Recession, But Struggles with Financial 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.…
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Uh-oh! Finn Economy Takes a Hit with Crazy High Rates: Nordea Reports
High interest rates have sent the Finnish economy into a recession, making it one of the poorest performers in Europe in 2023, said Nordea Bank, the largest bank in the Nordic…
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The job hunt just got tougher: More folks out of work in March
The number of unemployed jobseekers totalled 286,100 at the end of March, according to the Employment Bulletin of the Ministry of Economic Affairs and Employment published on…
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More Glitches Push Back Restart of OL3 Nuclear Plant
The resumption of power generation at the Olkiluoto 3 nuclear power plant will be delayed further by six more days due technical problems, said the owner of the plant Teollisuuden…
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Smooth Sailing for Nuke Plant Power Production in Q1 – No Hitches or Glitches!
Teollisuuden Voima Oyj’s (TVO) electricity generation at the Olkiluoto 1 (OL1), Olkiluoto 2 (OL2) and Olkiluoto 3 (OL3) plant units continued safely and reliably during the…
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Fortum & Vargön Alloys Ink 5-Year Energy Pact – Locking in Power for the Long Haul!
Finnish majority state-owned energy company Fortum and Swedish ferroalloys producer Vargön Alloys AB have signed a five-year power purchase agreement (PPA) with progressive…
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What a Bummer! Nokia Takes a 19% Hit in Q1 Sales
Finland's telecommunications company, Nokia, reported a 19-percent drop in net sales in the first quarter (Q1) of this year, according to the Nokia Corporation Interim Report for…
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Fewer folks feeling sure about snagging a fresh gig
More employees, especially men, estimated that they could be laid off and fewer people than before were confident that they could find a new job, according to the Working Life…
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Finland’s Power Production Hits 98% of Local Needs by 2023 – A Remarkable Feat!
The total electricity consumption in Finland amounted to 79.8 TWh in 2023, according to Statistics Finland. Net imports of electricity to Finland went down by 86 per cent. Only…
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March saw a surge in bankruptcies – things were really hitting the fan!
A total of 274 bankruptcy proceedings were instigated in March 2024, which is 14 more than in March one year earlier, according to Statistics Finland. In March, the number of…
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