News from Finland

This is an experimental news service that offers news from Finland in English. A venture from Malloc Enterprises, Inquiries by email: [email protected].

Nasdaq operated stock exchanges in Europe halted by fire extinguisher sound that broke server hard drives

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 s…

Proposed 400€ annual electric bicycle subsidy canned in Finland

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. The proposed subs…

Urban IKEA store in Helsinki inches forwards with city council approval

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 …

130,000 login details leaked in Finland

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 tex…

Finland aims to be the leader in battery technology in Europe

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 Finni…

Finnish startups get record amount of funding: Over 200 MEUR from abroad

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 Millio…