Tag: Confederation of Finnish Industries
Consumer confidence in Finland plummeted to a historic low in June
Consumer confidence was at its lowest in June since the survey began in 1995, according to a recent survey by Statistics Finland. Expectations of one’s own and Finland’s economy during the year were quite strict, the most pessimistic in the history of research. Respondents estimate their own finances to be weak after a year. There […]
Industrial investment is growing strongly this year
According to the Confederation of Finnish Industries EK, industrial investment is expected to grow by 24 per cent this year compared to the previous year. The total value of industrial investment in 2022 is estimated at around € 10.5 billion. According to EK’s Director of Data and Research, despite this year’s economic uncertainty and rising […]
Demand for mortgages has fallen in Finland, according to a barometer
The Russian war in Ukraine has shaken consumer confidence in the economic situation. The barometer results also reflect widespread expectations of rising interest rates as a result of rising consumer prices. “Russia’s military action in Ukraine creates a climate of general insecurity in Europe”, Mariia SomerlaSenior expert in Finance Finland, said To Helsingin Sanomat. “Rising […]
The Fossil Free Transport Forum focused on the green shift in heavy transport
In May 2021, the government adopted a resolution on a roadmap for fossil-free transport, listing measures to reduce greenhouse gas emissions from road transport. The goal is to halve transport emissions by 2030 from 2005 levels and achieve zero emissions by 2045. Road transport accounts for 95% of domestic transport emissions. For heavy vehicles, the […]
The Economist is demanding 5 percent wage increases to curb accelerating inflation
Consumer prices have started to rise as a result of Russia’s invasion of Ukraine, and together with inflation, the purchasing power of Finns is falling. Euro area inflation accelerated to a record 8.1 per cent in May from a year earlier, following inflation peaks in March and April at 7.5 and 7.4 per cent, respectively. […]
The working group coordinates the distribution infrastructure for new alternative transport fuels
The distribution of new alternative fuels instead of fossil fuels plays a key role in the greening of transport. In order for households and companies across Finland to be able to switch to electricity and gas traffic, a nationwide public charging and refueling network must be easily available. – As the popularity of electric cars […]
Finnish Fazer: Leaving Russia, but the process is "complex"
The Finnish food company Fazer has reiterated its intention to exit the Russian market, denying incorrect information in the local media that the company would continue to operate in the country. Referring to the Russian invasion of Ukraine, Fazer announced on March 6 that it would cease all operations in Russia. Last weekend, Fazer announced […]
Consumer confidence is plummeting to a record low
Consumer confidence plummeted to its third lowest level since the start of accounting in March, according to a report released by Statistics Finland on Monday. The number-crushing agency began measuring consumer confidence in 1995 and did not report lower levels until April 2020 and the end of 2008. The agency found that its consumer confidence […]
Finnair’s strike could undermine ski holiday travel plans
The transport trade union AKT has issued a strike warning to a group of service sector employers in Palta about the members of Finnair’s cabin crew. The union is threatened with a strike from February 22 to March 8, when most schools have a winter break, or ski holiday. Traditionally, many families from populated southern […]
Consumer confidence in the economy increased in January
Consumers’ confidence in the economy improved in January compared to December 2021, according to Statistics Finland. However, confidence weakened a year ago. The consumer confidence indicator’s January result of -1.7 is in line with the long-term average. The CCI was -3.5 in December and 1.2 in November. In January last year, the confidence indicator was […]
The Confederation of Finnish Industry issues a strike warning to Keitele Group
The three-week strike is scheduled to begin on January 13th. “We have repeatedly asked the company’s management not to violate the terms, conditions and rights of employees, but to negotiate them fairly with the employee representative,” stated Riku Aalto, Chairman of the Confederation of Finnish Industry. “These requests have fallen on deaf ears.” Read more: […]
Work in Finnish ports came to a halt yesterday due to ACP solidarity
Steveco has port terminals in Helsinki and Kotka. Immonen emphasized to the news agency that the work stoppage was organized at a particularly difficult time, as there is already container congestion in the ports after the holidays and because there will not be a full working week next week due to the Epiphany. – It […]
The strike will stop Finnish ports on Tuesday
The Transport Workers’ Union AKT will start the strike on Tuesday at 6 am due to collective bargaining disputes with the forest industry company Keitele Group. The 24-hour co-operation will put an end to virtually all port operations. The Confederation of Finnish Industries EK criticizes the change, saying that the dispute of one company threatens […]
