Business

CORONAVIRUS

Government punishes alcohol sellers with stricter restrictions than other restaurants

Foreigner.fi 10/30/20

The new decree that regulates the restrictions on restaurants and bars includes important differences depending on the type of business and the region. The restrictions on opening hours do not…

BUSINESS

Turnover of large companies contracted for 9th month in a row

Foreigner.fi 10/30/20

The business or large enterprises also fell compared to the previous month.

AIR TRAFFIC CRISIS

Passengers at Finnish airports decreased by 90% in September

Foreigner.fi 10/29/20

The number of passengers at Helsinki Airport decreased by 92%.

RETAIL

Amazon launches a new online shop in Sweden

Foreigner.fi/dpa 10/28/20

Customers would be offered "more than 150 million products, including tens of thousands of products from local Swedish businesses," said Alex Ootes, vice president of EU expansion at Amazon.

BUSINESS

Coronavirus sinks Finnair's revenue in the third quarter

Foreigner.fi 10/28/20

Between February and September, the carrier paid over 400 million euros in refunds to customers for cancelled flights due to the pandemic.

FINNO-UGRIC PEOPLES

Komi Republic appeals to Nordic consumers with organically produced food and drinks

Cesar Calvar 10/27/20

The cuisine of the Komi people is rich and includes some traditional products highly appreciated by the Finns and other Nordic peoples, such as reindeer meat, chicken, all kinds of berries,…

FINNISH ECONOMY

Consumer confidence continued to erode in October

Foreigner.fi 10/27/20

Consumers’ expectations concerning the development of the general unemployment situation dropped to an even gloomier level and there was also more personal threat of unemployment or lay-off…

AIR TRAFFIC COLLAPSE

State prepares to recapitalize Finnish airports with 350 million

Foreigner.fi 10/26/20

Since the outbreak of the pandemic, about 90% fewer passengers have passed through Finavia's airports than a year earlier.

BUSINESS

Bankruptcies decreased 11.7% from January to September

Foreigner.fi 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.

7TH SUPPLEMENTARY BUDGET

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

Foreigner.fi 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.…

EPIDEMIC

Finnish regions to receive € 100 million for coronavirus recovery

Foreigner.fi 10/22/20

The total amount of EU and national funding allocated to SME investment and development projects to recover from the coronavirus crisis is nearly 53 million euros.