News from Finland in English

Overview for economy

WEF studies reasons behind Finland's faltering economy

The weather has not been the only thing worse than expected this summer, as 2015 looks to be the fourth consecutive year that the Finnish economy has faltered. Elsewhere in the Euro area, except for Greece, economic activity is already picking up. The World Economic Forum reports on the details.

Written by Janita on Thursday July 23, 2015
Permalink - Tags: finland, economy, jobs, euro

Helsinki Times: Academics debunk risk of housing price crash in Helsinki

Recently a group of finnish experts painted a dark picture of the Finnish housing market and a looming crash in prices. Now statistician Pekka Vuori is debunks the claim of 30 000 vacant apartments in the Greater Helsinki Metropolitan Area are false, and that the risk of a crash in prime locations is minimal.

Written by Janita on Friday July 17, 2015
Permalink - Tags: finland, economy, jobs, crash, apartment, housing, helsinki, bubble

Finnvera to guarantee a 150 Million Euro loan for Russian teleoperator Megafon

Finnvera, a credit agency owned by the State of Finland, has agreed to guarantee a loan of some 150 Million Euros for the Russian teleoperator Megafon. The lender is the Italian bank UniCredit. The agency agreed to guarantee loans for purchase of telecomms equipment from the Finnish company Nokia. It has done so before in 2008, 2011 and 2014.

Written by Janita on Thursday July 16, 2015
Permalink - Tags: business, economy, nokia, finnvera, russia, finland