Metropolitan.fi
News from Finland in English
A vast majority of people who have made profits with cryptocurrency trading have not reported the wins to the tax authorities in the previous years. With the Bitcoin boom of late 2017 it is expected that Finns gained over ten times as much than in the previous year.
Finland decided to give universal basic income a two year trial for 2017-2018. Basic income is a form of social welfare where citizens get paid regularly without any restrictions. The idea is that this will reduce time spent on bureaucracy and the efforts can be spent on more productive things.
The Linnanmäki amusement park in Helsinki will have a new flagship ride. The Taiga roller coaster ride is said to offer the most intense experience in Finland, if not in the whole of Europe. Construction is already underway and the new roller coaster is scheduled to be ready for the 2019 season.
The 6G cellular network research at University of Oulu has been chosen as a flagship project for the Academy of Finland. The funding for the research aims to produce next generation mobile networks that will be in use in 2030.
The Helsinki stock exchange was offline for hours on Wednesday due to a system outage. The system outage was caused by a false fire alarm that triggered a fire extinguishing system whose sound destroyed hard drives in servers running the operations.
Ministry of transport and communications is freezing the preparation of the eBike subsidy. The planned annual 400 euro subsidy was announced in March, but was deemed unfeasible by the governing bodies.
In early March the Swedish furniture giant IKEA revealed it's plans of building of a store in the Finnish capital Helsinki.
Now Helsinki city council has decided to reserve real estate for the proposed IKEA shopping complex on the Koivusaari island. The decision was made on Monday April 17th 2018.
Helsinki new business centers online site Liiketoimintasuunnitelma.com has had a security breach. The open service had around 130,000 emails, usernames and passwords that have been leaked. The passwords are in clear text and directly readable.
It is estimated that the demand for batteries with increase tenfold from 2015 to 2020. The demand is driven by electric vehicles and storage of renewable energy. Business Finland has started a program to boost the Finnish battery industry to make the country a world class player in the business.
Startup companies in Finland raised 349 Million euros in funding in 2017. The record amount is boosted by growth in foreign investments. Direct foreign investments grew 30 percent year over year to a total of 208 Million.