Friday , April 10 2020
Breaking News
Home / Tag Archives: Finland

Tag Archives: Finland

Finland, Portugal plan new tax accord

HELSINKI: Finance Minister Alexander Stubb on Saturday received a letter from Portugal’s Minister of Finance Mário Centeno confirming Portugal’s commitment to a new tax agreement. Consequently, a negotiated outcome has been reached on the taxation of pension income, according to a finance ministry press release. “It is through taxation that we build the funding base of our welfare society. Taxation must ... Read More »

Finland may increase tax in budget 2015

HELSINKI: On August 28, 2014, the Finnish Government agreed its 2015 budgetary proposals, which will focus on not prejudicing economic growth and job creation prospects, and will instead attempt to improve the country’s fiscal deficit situation. It was stressed that, due to the lack of economic growth again this year and with little expected for next year, Finland may have ... Read More »

Finland receives €100m data centre investment

HELSINKI: The new data centre will be built into an existing underground cave that offers security with its several tunnels. Major renovation work is ongoing at the moment. The new data centre will be built into an existing underground cave that offers security with its several tunnels. Major renovation work is ongoing at the moment. Finnish-Israeli startup company Aiber Networks ... Read More »

Finland to invest an additional €112m in Talvivaara

HELSINKI: The Government has proposed that an additional 112 million euros be earmarked for Terrafame to enable the wholly state-owned special-purpose company to invest more in acquiring the mining operations of the bankruptcy estate of Talvivaara Sotkamo. Olli Rehn (Centre), the Minister of Economic Affairs, believes it is vital to find a commercially profitable solution for the troubled nickel mine. ... Read More »

Building costs in Finland up by 0.5% in May 2015

HELSINKI: Building costs were 0.5 per cent higher year-on-year in May 2015, according to Statistics Finland. The prices of labour inputs in construction and the prices of materials rose by 0.4 per cent. The prices of other inputs in May increased by 1.1 per cent compared to the same month of the year before. The total index of building costs ... Read More »

Finland expect the economy to grow by 0.5% in 2015: Pasi Kuoppamäki

HELSINKI: Positive trends in the world economy will help Finland break free of the recession, economists of the Danske Bank have forecast in a report. The report, however, said the Finnish economic growth remains fragile for this year and the next. “We expect the Finnish economy to grow by 0.5 per cent in 2015,” Danske Bank Chief Economist Pasi Kuoppamäki ... Read More »

Moody’s declares Finland’s future credit outlook “AAA” for 2016

HELSINKI: The credit rating agency Moody’s has lowered its evaluation of Finland’s future outlook from stable to negative. This means that the rating may fall over the next year. However, in Moody’s assessment, Finland retains the highest possible credit rating AAA. The basis for the negative assessment comes from deterioration in Finland’s growth outlook, partly due to the fall in ... Read More »

Building costs in Finland increase by 1% in April 2015

HELSINKI: Building costs increased by 0.9 per cent higher year-on-year in April 2015, according to Statistics Finland. The prices of labour inputs in construction went up 1.5 per cent and the prices of materials by 0.5 per cent while the prices of other inputs increased by 1.2 per cent from one year ago. The total index of building costs declined ... Read More »

Finland’s Fortnum gets grant worth of €17m

HELSINKI: A research project coordinated by Finnish energy company Fortum has been granted €17 million in funding by the European Commission’s research and innovation program Horizon 2020. The total budget of the Clean Energy from Ocean Waves (CEFOW) project is €24.5 million. The five-year project seeks the advancement of Finnish wave power technology in collaboration with British and Swedish experts. ... Read More »

Finland’s Lemminkäinen wins EUR 6 million contract in Estonia

HELSINKI: Finnish construction group Lemminkäinen has won a 6 million-euro contract to refurbish a sewer tunnel in Tallinn, Estonia. Together, Lemminkäinen and AS Tallinna Vesi agreed upon the repair work needed on the Tihase (Merimetsä) tunnel collector. Work will commence immediately, with completion slated for the end of the year. The Tihase tunnel collector forms part of the Tallinn sewerage ... Read More »

Finland’s Qualcom’s revenue surge to $6.9b in for fiscal 2015

HELSINKI: Chipmaker Qualcomm on April 23 reported revenue of $6.9 billion on net income of $1.05 billion, or $1.40 per share, for its fiscal 2015 second quarter ended March 29. Although net income was down 46% compared to the prior year’s Q2, the results still surpassed the expectations of analysts, who were estimating earnings per share of $1.33 on revenue ... Read More »

Finland’s Producer prices decline by 0.8% in March 2015

HELSINKI: According to Statistics the Finland Producer prices for manufactured products decreased by 0.8 per cent in March 2015 from the year before. The producer prices for manufactured products sold on the domestic market declined by 1.2 per cent, while the producer prices of export products fell by 0.3 per cent. Producer prices for manufactured products went down especially due ... Read More »

Finland’s Posti Group to sell assets worth of €120m to Norwegian RIsan &

HELSINKI: The posti Group official stated that the Posti Group Corporation has agreed the sale of several properties of its real estate portfolio to Norwegian Ness, Risan & Partners. The price for the transaction is approximately €120 million. The properties to be sold include the Tampere, Kuopio and Oulu postal centres, Tuusula warehouse and the freight terminal in Pirkkala. The ... Read More »

Finland’s paper production to drop 6-7% in 2015

HELSINKI: The Pellervo Economic Research of Finland forecast that pulp and paper production in Finland will decrease remarkably in the next two years. The institute predicted that Finland’s paper production will drop by 6 to 7 percent this year and 4 to 5 percent in 2016. For this reason, it is more likely that some paper machines in Finland will ... Read More »

Marketmedia Finland sings digital contract with alko April 20-2015

HELSINKI: Marketmedia Finland, part of the ZetaDisplay Group, has signed a comprehensive Digital signage deal with the National Alcohol Company Alko Oy on 20th April 2015. Alko’s business is based, above all, on creating a good service experience, in which the installed Digital Signage system will be an integral part. The new shop at Esplanadi has for example top-of-the-line LED-screens ... Read More »

Aviator Finland decreases 75 jobs at Helsinki airport

HELSINKI: The managing director Veijo Karosvuo at Aviator Finland stated that Aviator Finland is set to axe 75 ground handling workers at the Helsinki Airport. The company initial redundancy need was estimated to over a hundred employees before the start of the statutory negotiations. “We are trying to save relationships, so that as much as possible would be laid off ... Read More »

Finland’s Tikkurila to open new factory in Kazakhstan in April 2015

HELSINKI: Tikkurila is opening of a new factory in Almaty, Kazakhstan, in April 2015. The factory will produce a limited range of water-borne decorative paints to meet local market needs. “This investment supports Tikkurila’s strategy of profitable growth. Local production will enable us to grow our business in Kazakhstan and the surrounding regions. The project also fits well with Kazakhstan’s ... Read More »

Finland’s Onbone Ltd raises €10m investment in 2014

HELSINKI: Finland’s company Onbone Ltd has raised a total of €10 million in an investment round led by the global venture capital investment company MVM Life Science Partners in 2014. Other participants in the round were Finnish Industry Investment Ltd, a group of private Finnish investors and Inveni Capital, an existing investor in Onbone. According to Onbone, the funds raised ... Read More »

Finland’s paper production to drop 6-7% in 2015

HELSINKI: The Pellervo Economic Research of Finland forecast that pulp and paper production in Finland will decrease remarkably in the next two years. The institute predicted that Finland’s paper production will drop by 6 to 7 percent this year and 4 to 5 percent in 2016. For this reason, it is more likely that some paper machines in Finland will ... Read More »

Finland’s Onbone Ltd raises €10m investment in 2014

HELSINKI: Finland’s company Onbone Ltd has raised a total of €10 million in an investment round led by the global venture capital investment company MVM Life Science Partners in 2014. Other participants in the round were Finnish Industry Investment Ltd, a group of private Finnish investors and Inveni Capital, an existing investor in Onbone. According to Onbone, the funds raised ... Read More »