business

Entrepreneurs in Finland

EPIDEMIC

New compensation for restaurants forced to close customer facilities

The Nomad Today 3/18/21

This new form of compensation would apply to restaurants and other food and beverage service businesses that are closed from 9 to 28 March 2021.

Finland

BUSINESS

Finnish company bankruptcies down but more employees affected

The Nomad Today 3/17/21

Due to the coronavirus crisis, filing for bankruptcy was restricted by a temporary amendment to the law from 1 May to 2020 to 31 January 2021.

Entrepreneurs in Finland

BUSINESS

Finland extends Covid-19 direct financial aid to all sole entrepreneurs

The Nomad Today 3/4/21

A minimum support of 2,000 euros will be paid to sole entrepreneurs if they meet the conditions. The amounts will be based on the decrease in the company’s turnover and actual costs.

Finland

AIRPORTS COUNCIL INTERNATIONAL

Helsinki-Vantaa selected best European airport in its size category

The Nomad Today 3/1/21

Helsinki Airport has also introduced new innovative practices, such as the Covid-19 sniffer dogs that have received worldwide attention and the UVC disinfection of security control trays.

Finland

CRISIS

Finnish economy ended 2020 with falls in GDP, output, employment

The Nomad Today 2/16/21

It is estimated that the number of the employed has decreased by around 1.5% from one year ago.

Tourism

CRISIS

Government warns: Finland's tourism recovery will take years

The Nomad Today 2/10/21

After four consecutive years of growth, the Covid-19 pandemic brought the sector to a halt in spring 2020.

Economy & Business

BUSINESS

Nokia slips to loss in the fourth quarter

The Nomad Today/dpa 2/4/21

Operating profit dropped to 475 million euros from 803 million euros last year and net sales decreased 5%.

Finland

CORONAVIRUS CRISIS

Turnover of large Finnish companies falls

The Nomad Today 1/29/21

In total, the turnover of large enterprises decreased by 6.4% in 2020.

Finland

FINNISH COMPANIES

Business bankruptcies decreased in 2020 despite the Covid-19 crisis

The Nomad Today 1/27/21

There were also fewer workers affected.

Finland

INTERNATIONAL AID

Finland grants 5 million to female entrepreneurs in developing countries

The Nomad Today 1/21/21

The agreement was signed on 18 January 2021 in Geneva.

Releases

ENTREPRENEURS

How to set up a new business in Finland in 2021

The Nomad Today 1/4/21

Whatever your niche, this how-to guide will show you how to start setting up a new business in Finland.

Finland

BUSINESS

Turnover of large companies fell for eleventh consecutive month

The Nomad Today 1/3/21

The turnover of large enterprises decreased by 6.8% in January to November from one year ago.

Entrepreneurs in Finland

ENTREPRENEURS

Ioan, immigrant entrepreneur of the year: "I faced prejudice"

The Nomad Today 12/9/20

The winner of the competition, who claims he had to work "twice as hard" due to his Romanian background, said that the key to success in business lies in knowing what the client wants and being…

Finland

BUSINESS

40% of Finnish companies use the Internet of Things

The Nomad Today 12/5/20

These devices or systems are used less often in construction and professional, scientific and technical activities.

Finland

BUSINESS

Bankruptcies decrease by 15% despite the coronavirus crisis

The Nomad Today 11/18/20

The number of employees in companies that filed for bankruptcy is 6.2% lower than in the previous year.

Economy & Business

BUSINESS

Nokia's third quarter net profit more than doubled

The Nomad Today 10/31/20

Net sales in the period stood at 5.3 billion euros, down 7% year on year.

Finland

BUSINESS

Bankruptcies decreased 11.7% from January to September

The Nomad Today 10/25/20

The total number of employees in companies filed for bankruptcy was 9,300, which is 73 people (0.8%) more than in the previous year.

Finland

7TH SUPPLEMENTARY BUDGET

Government offers extra 1.5 billion to save companies and citizens from Covid-19

The Nomad Today 10/24/20

The need for central government net borrowing would increase by about 1.8 billion euros, bringing the estimate of overall central government net borrowing to approximately 19.6 billion in 2020.…

Economy & Business

ARTIFICIAL INTELLIGENCE

EU Parliament recommends stricter liability rules for AI operators

The Nomad Today/dpa 10/21/20

The proposal would see increased liability risks for the companies using high-risk AI, for example in medical care or self-driving cars.

Finland

PANDEMIC

Finnish economy heads for another recession quarter

The Nomad Today 10/18/20

Output of the national economy fell by 3.3% in August.