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Tag Archives: Finland’s

MediaTek Finland’s size doubles in just 1 year

HELSINKI: MediaTek, a global leader in fabless semiconductor design, has doubled in size in Finland in nearly a year to over 100 of the best and brightest minds in the field. MediaTek opened its Finland office in Oulu in October 2014 with a focus on developing advanced wireless connectivity modems for the next generation of smart devices for Internet of ... Read More »

Finland’s Metso to close down factory in USA

HELSINKI: The mechanical engineering firm Metso has announced that it will be closing their York, Pennsylvania factory. Production will cease at the end of March 2016. According to a press release, the company’s decision affects approximately 80 employees. The president of the minerals business line, Joao Ney Colagrossi blames permanent changes in the mining industry for the factory closures. “This ... Read More »

Finland’s large enterprise turnover falls 0.2% in June 2015

HELSINKI: The turnover of large enterprises declined in June 2015, according to Statistics Finland’s preliminary data. Seasonally adjusted turnover decreased in June by 0.2 per cent compared with May. The seasonally adjusted turnover of large enterprises was 0.8 per cent in May while in April 0.6 per cent lower than in the preceding month as per the data. The turnover ... Read More »

Finland’s government proposals may widen income gap: THL

HELSINKI: Government programme proposals would further increase the differences in income and undermine basic social security, assessed the adequacy of basic security assessment team of the Health and Welfare (THL). THL’s Social Politics’ Research Professor Pasi Moisio said in a journal that the proposals would in many respects negate earlier strengthening in basic security made by the previous governments during ... Read More »

Finland’s enterprise openings falls 8.3% in all regions in Q1-2015

HELSINKI: Enterprise openings by industry, 1st quarter. Source: Business Register: Enterprise openings and closures. Enterprise openings, 2015 1st quarter; enterprise closures, 2014 4th quarter. Statistics Finland. The number of enterprise openings decreased by 8.3 per cent in the first quarter of 2015 from the respective quarter of the year before, according to Statistics Finland. During the time, there were 8,595 ... Read More »

Finland’s producer prices for manufacturing products down by 1.2%

HELSINKI: Producer prices for manufactured products went down by an average of 1.2 per cent in June 2015 from the year before, according to Statistics Finland. The producer prices for manufactured products sold on the domestic market went down by 1.7 per cent, while the producer prices of export products fell by 0.5 per cent. The fall in the producer ... Read More »

Finland’s producer prices for manufacturing products down by 1.2%

HELSINKI: Producer prices for manufactured products went down by an average of 1.2 per cent in June 2015 from the year before, according to Statistics Finland. The producer prices for manufactured products sold on the domestic market went down by 1.7 per cent, while the producer prices of export products fell by 0.5 per cent. The fall in the producer ... Read More »

Finland’s enterprise openings falls 8.3% in all regions in Q1-2015

HELSINKI: Enterprise openings by industry, 1st quarter. Source: Business Register: Enterprise openings and closures. Enterprise openings, 2015 1st quarter; enterprise closures, 2014 4th quarter. Statistics Finland. The number of enterprise openings decreased by 8.3 per cent in the first quarter of 2015 from the respective quarter of the year before, according to Statistics Finland. During the time, there were 8,595 ... Read More »

Finland’s Unemployment rate rises to 10% in June 2015

HELSINKI: The unemployment rate stood at 10 per cent in June 2015, having been 9.2 per cent in the year before, according to Statistics Finland’s Labour Force Survey. There were 280,000 unemployed persons in the month. The number of unemployed persons was 22,000 higher than one year ago, the data show. There were 35,000 fewer employed than in June of ... Read More »

Finland’s Outotec wins €80m contract in UAE

HELSINKI: The order is the second in recent months for the Finnish company to be delivered in Al Taweelah, Abu Dhabi. The order is the second in recent months for the Finnish company to be delivered in Al Taweelah, Abu Dhabi. Finnish minerals and metals processing technology company Outotec has signed an agreement with Emirates Global Aluminium (EGA) for two ... Read More »

Finland’s trade sales fall by 2.7% in May 2015

HELSINKI: Retail trade sales decreased by 2.7 per cent in May 2015 year-on-year, according to Statistics Finland,  Sales declined by 3.6 per cent both in daily consumer goods trade and in department store trade. Over the same period, wholesale trade sales fell by 6.4 per cent and motor vehicle sales by 6.1 per cent. Sales decreased in total trade by ... Read More »

Finland’s building costs up by 0.3% in June 2015

HELSINKI: Building costs went up by 0.3 per cent in June 2015 from 12 months earlier, according to Statistics Finland.The prices of labour inputs in construction increased by 0.6 per cent, the prices of materials went down by 0.2 per cent, and those of other inputs went up by 1.8 per cent from one year ago. The total index of building ... Read More »

Finland’s consumer prices declines by -0.1% in May

HELSINKI: The year-on-year change in consumer prices calculated by Statistics Finland was -0.1 per cent in June. The inflation stood at -0.0 per cent In May. The slight decline in inflation was influenced, for example, by decreases in the consumer prices of liquid fuels, housing loan interest rates, and subscriptions of periodicals from one year ago. Consumer prices were raised ... Read More »

Finland’s Current account in surplus €0.3 billion in May 2015

HELSINKI: The surplus on the trade account also pushed the current account into surplus in May 2015. The financial account showed net capital outflow, according to Statistics Finland. In May, the current account showed a surplus of EUR 0.3 billion, which was mainly affected by the trade account being in surplus. The 12-month moving total of the current account was ... Read More »

Finland’s Current account in surplus €0.3 billion in May 2015

HELSINKI: The surplus on the trade account also pushed the current account into surplus in May 2015. The financial account showed net capital outflow, according to Statistics Finland. In May, the current account showed a surplus of EUR 0.3 billion, which was mainly affected by the trade account being in surplus. The 12-month moving total of the current account was ... Read More »

Finland’s Govt EDP debt ups by euro 2b in Q1 of 2015

HELSINKI: General government EDP debt grew by euro two billion in the first quarter of 2015 and stood at euro 123.8 billion at the end of the period. Compared with the respective quarter of the year before, general government debt has increased by a total of euro 7.4 billion, according to the data derived from Statistics Finland’s statistics on general ... Read More »

Finland’s average housing loans decrease in 2014

HELSINKI: Average housing loans of household-dwelling units with housing loans in 2002 to 2014, in 2014 money. Source: Indebtedness 2014. Statistics Finland. The average size of housing loan per household-dwelling unit decreased in real terms by EUR 230 in 2014 compared with the year before. The average size of housing loan per household-dwelling unit was EUR 94,400 in 2014, according ... Read More »

Finland’s manufacturing product prices down by 0.6% in May 2015

HELSINKI: Producer prices for manufactured products fell by an average of 0.6 per cent in May 2015 from the corresponding period of the year before, according to Statistics Finland. The producer prices for manufactured products sold on the domestic market went down by 1.2 per cent, while the producer prices of export products went up by 0.2 per cent. Producer ... Read More »

Finland’s Profits in non-financial corporation sector 21.2% in Q1-2015

HELSINKI: Profit share of the non-financial corporations sector weakened in the first quarter of 2015 compared with the previous quarter due to depressed added value in the sector and increased expenditure on wages and salaries. The investment rate of non-financial corporations was almost the same as in the previous quarter, according to the data derived from Statistics Finland’s quarterly sector ... Read More »

Finland’s building permits volume down by 5.5 % in February-April

HELSINKI: In the February to April period of 2015, building permits were granted for a total of 8.3 million cubic metres, which is 5.5 per cent less than that provided during the corresponding period of one year ago, according to Statistics Finland’s data. At the same time, 10.2 per cent fewer building projects started than last year and the constant-price ... Read More »