business

Finland

BUSINESS

Car sales improve in Finland after eight months of decline

The Nomad Today 10/6/20

The aggregate business results for 2020 continue to reflect the economic problems caused by the Covid-19 virus.

Finland

BUSINESS

Turnover of large Finnish companies grew in August

The Nomad Today 9/30/20

The turnover of large enterprises decreased by 7.4% in January to August from one year ago.

Finland

BUSINESS

Bankruptcies down amid virus crisis but more employees affected

The Nomad Today 9/16/20

From January to August, the number of bankruptcies increased in the industry of mining and raw materials but decreased in the rest of the main economic sectors.

Finland

BUSINESS

Neste announces closure of Naantali refinery and 470 redundancies

The Nomad Today 9/14/20

The company blames coronavirus and the declining demand for fossil petroleum products, stressing that its goal is to become a global leader in renewable and circular economy solutions and achieve…

Finland

RECESSION

Finnish labor productivity stagnated

The Nomad Today 9/10/20

Annual changes in the volume of value added and hours worked were almost the same size, causing a stagnation in labor productivity. Prime Minister Sanna Marin reiterated recently her proposal…

Finland

BUSINESS

August saw a further decline in car sales in Finland

The Nomad Today 9/7/20

The number of passenger cars first registered in the January to August period was 64,976, which is 18.3% down from the year before.

Finland

BUSINESS

Lidl Finland's sales growth halved despite opening 6 new stores

The Nomad Today 9/1/20

Lidl marked a milestone by entering the Finnish market. Now, the great challenge for the German retail giant is to attract thousands of consumers who are still reluctant to buy food in stores that…

Finland

VIDEO CONFERENCE

Nordic Council of Ministers to discuss business recovery

The Nomad Today 8/30/20

The ministers will also discuss the Nordic Smart Government project, which aims to establish an electronic business area where business information circulates securely and in real time between…

Finland

BUSINESS

Bankruptcies decreased 6% in January-July

The Nomad Today 8/29/20

The number of bankruptcies increased in industry and mining and other services.

Economy & Business

Norwegian airline calls for more financial aid due to pandemic

The Nomad Today/dpa 8/28/20

The number of passengers declined by 71% and 8,000 employees have been furloughed or laid off.

Finland

BUSINESS

Retail sales and turnover grew in July despite the virus

The Nomad Today 8/26/20

The exceptional situation caused by the Covid-19 pandemic had an impact on business development.

Finland

BUSINESS

Producer prices of manufactures fell by 5% compared to last year

The Nomad Today 8/24/20

The decline was similar for Finnish manufactured goods sold on the domestic market and for exports.

Finland

Residence permits granted to Moroccan students to study in Helsinki

The Nomad Today 8/21/20

The first of the young talents admitted - three women and two men - arrived in Finland two days ago. The others are expected to land next week.

Finland

BUSINESS

Labour costs push building costs up

The Nomad Today 8/19/20

According to Statistics Finland, building costs rose by 0.4% in July 2020 year-on-year.

Finland

BUSINESS

Turnover and sales of construction enterprises grew amid the pandemic

The Nomad Today 8/12/20

The construction sector seems to have avoided the most damaging effects of the coronavirus crisis on the economy.

Economy & Business

Toyota expects 64% fall in annual net profit amid pandemic

The Nomad Today 8/6/20

The best-selling car brand in Finland saw sales down by 40.4%.

Economy & Business

HSBC profit plunges by 69% in first half of 2020

The Nomad Today 8/3/20

The bank is moving ahead with plans to reduce its workforce from 235,000 to about 200,000 in the coming 3 years.

Tourism

EFFECTS OF RECESSION

Foreign tourism plummeted

The Nomad Today 7/30/20

Overnight stays by non-residents fell by 92.7% in June.

Economy & Business

Volkswagen Group reports 1.4-billion-euro loss in first half of 2020

The Nomad Today 7/30/20

Management are seeking to reduce a dividend proposed last year.

Economy & Business

Huawei overtakes Samsung as world's smartphone leader

The Nomad Today 7/30/20

It is the first time a company other than Apple or Samsung has dominated the market in nine years, according to a research.