Tag: Consumer
Most common mistakes that give you high interest
Alexander Norén: Don’t give up until you’ve driven three laps towards the bank SVT’s economic commentator Alexander Norén and Nordnet’s savings economist Frida Bratt share their best tricks for negotiating down the interest rate. They explain why the banks’ recommendation to bind parts of the mortgage is a real trap – and how bad it […]
A record number of recycled bottles and cans were returned to Finland, but plastic bottles lag behind
The highest return percentage was for cans and glass bottles, 99% and 98%, respectively. Although the return rate of plastic bottles is still good, it is important to take steps to improve it, and Palpa encourages consumers to return plastic bottles more often. One possible explanation for the decrease in the return rate of plastic […]
The Bank of Finland’s mid-term forecast: the economy is at rest
Despite the difficulties, the Finnish economy has endured so far, but not all the effects of rapid inflation and rising interest rates have been seen. In addition, the risks of the international economy have increased recently,” says Meri ObstbaumHead of forecasting at the Bank of Finland. In 2022, Finland’s economy grew by 2.1% thanks to […]
Finnish Fazer announces two rounds of negotiations in as many days
The line would not only enable an increase in baking capacity, but also reduce the bakery’s total energy consumption and carbon dioxide emissions significantly. The negotiations concern a total of 218 people and some white-collar workers working in Lahti. Possible cuts are planned to be implemented in stages between 2023 and 2025. Fazer announced that […]
YLE: The price of food in Finland rose by more than 16% in February from a year ago
Food prices rose by 16.1 percent in November-December. The steepest annual increase in food prices was observed almost six decades ago, in 1964, when food prices rose by an average of 12 percent. In February, the prices of sugar, flour, butter and eggs rose by more than 30 percent from the previous year. The coffee […]
Price Matters: Observations on Finnish consumer behavior and purchasing trends
The K group has found that consumers are moving towards cheaper alternatives and are interested in the store’s own brands. However, sales of vegetables and fruits have decreased, and about a fifth of customers eat unhealthily due to the increase in the price of healthier options. To encourage healthier choices, the K group has set […]
YLE: The interests of electricity producers reject the estimate of the costs of the energy crisis
His calculation was based on two variables: the average market price in the second half of last year – more than 20 cents per kilowatt hour – and energy consumption during the same period. It does not include heavy industry, as they tend to use various mechanisms to protect themselves from fluctuations in electricity prices. […]
In 2022, almost 2,200 dangerous products were removed from the European market according to the Safety Gate system
All European market surveillance authorities have a legal obligation to report to the Safety Gate system all products that they find pose a serious risk, and all measures to eliminate the risk. Other Member States can then check whether the same product is available on their market and take the necessary measures. This active cooperation […]
Gigantti starts negotiations on the dismissal of up to 100 jobs
The company blamed a challenging consumer electronics market, declining consumer confidence, and global price increases and high inflation.
Finnish consumers paid five billion euros in extra electricity costs last year, Yle’s report states
According to a professor at Aalto University, Finland’s electricity pricing system resulted in consumers paying more than they should in the second half of 2022.
The online store will fire 75 employees and lay off the rest
In January, the retailer issued a profit warning stating that its operations had been seriously affected by record low consumer confidence.
Sweden sees record high food prices, mainly for baby food
STOCKHOLM, March 6 (Xinhua) — Food prices have seen record month-on-month increases in Sweden, with baby food particularly affected, a survey showed on Monday. The survey by price comparison site Matpriskollen covered around 44,000 items and showed that food prices had increased by 2.5 percent in February – the highest monthly increase since 2015, the […]
EU nation sees bankruptcies rise – Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
The EU nation sees the number of bankruptcies increasing in Bloomberg
The number of insolvencies in Sweden has increased as consumption declines, the outlet reports Bankruptcies in Sweden soared for a seventh straight month in February, amid falling household consumption and growing pressure on construction companies from an ongoing crisis in the housing market, Bloomberg reported this week. A sharp slump in Sweden’s real estate sector […]
The Finnish economy is suffering from a technical recession and accelerating inflation
The financial consequences of the war in Ukraine have also affected the Finnish economy. From October to December 2022, the amount of Finnish exports decreased by 2.9 percent from the level of the previous quarter, while imports decreased by 2.4 percent. However, for the whole year, Finland’s economy grew by 2 percent compared to 2021. […]
Sales of electric cars are increasing strongly in Denmark
Electric cars sell fast in Denmark. In February, 3,148 new ones were bought by the Danes, according to De Danske Bilimportører. The increase is quite impressive, as there were 83.3 percent more sales than February 2022. “The new figures are a clear sign that the Danes are moving quickly when it comes to converting to […]
Danske Bank updates its investment outlook: Stocks and bonds are weighted neutral
The increase in the neutral weight of stocks is due to the fact that the darkest clouds in the market have disappeared. Kivipelto, however, advises stock investors to be cautious about geographical diversification. “We are overweight in emerging markets. In addition, we still have a neutral weight on US and Japanese stocks. Regarding Europe, we […]
Inflation breaks the 10 percent barrier
The consumer price index is up 1.39 percent from the previous month, and the inflation rate is now 10.2 percent. The consumer price index, excluding housing, has increased by 8.9% over the last twelve months. These figures come from the latest report from the Icelandic Statistics Office. Price index of consumer goods and services, based […]
HS: The housing market has slowed down strongly in Tampere, Turku
The Tampere newspaper pointed out in its report that the number of new apartment sales was also affected by the fact that some of the houses completed last year had already been sold in 2021. A total of 4,377 new apartments were completed in Tampere in 2022, of which 3,487 are vacant apartments. Markku RiihimäkiThe […]
Finnish politicians demand electricity retailers to adjust the prices of fixed-term contracts
“There is freedom of contract in Finland and the signed contracts are binding, but companies have the opportunity and also the responsibility to proactively bear social responsibility and meet people halfway,” he reasoned. About 130,000 Finnish households signed a new electricity contract during a time when the price of electricity exceeded 30 cents per kilowatt […]
Consumer discount on the cards? State audit uncovers major discrepancies with the way Danish energy is delivered
A new report by the State Auditors reveals that between 2018 and 2021, Danish energy companies overcharged consumers by DKK 61.8 million – and that this may be the tip of the iceberg. Commissioned by the National Audit Office, the State Auditors’ report has only assessed the activities of 76 of the company’s 600 energy […]
Statistics Finland: Inflation slowed to 8.4 percent in January
However, the price of electricity remained the main factors of inflation, along with diesel prices and interest rates on both mortgages and consumer loans. In contrast, the factors that slowed down inflation were the fall in the prices of detached houses and the fall in the prices of prescription drugs. The publication of the inflation […]
The growing popularity of CBD oil in Germany
In recent years, the popularity of Cannabidiol (CBD) oil has grown rapidly in Germany. It is now one of the most popular natural remedies for various health problems – from chronic pain to insomnia and anxiety. Studies suggest that CBD oil may be beneficial for those suffering from epilepsy or other neurological disorders, as well […]
Inflation in Finland will slow down during January as electricity prices stabilize
Last month, the annual change in consumer prices was 8.4 percent.
The acute crisis phase is over, says Finnair
The number of passengers transported by the airline increased by almost 61 percent to 2.5 million, which increased the passenger utilization rate to 72 percent. Topi MannerCEO of Finnair on Wednesday said the airline is leaving behind the acute three-year phase of the crisis and continues to recover. “This is another important step in the […]
Apartment prices are falling and rents are rising: PTT
However, there are no signs of an imbalance in the housing market that could lead to a downward spiral or pose a risk to the economy. At the end of the year, the housing market is expected to recover, but the average prices of old apartment buildings will decrease by 2.5% throughout the country. “The […]
US dollar firms after strong retail sales
NEW YORK, Feb. 15 (Xinhua) — The U.S. dollar strengthened in late trade Wednesday after data showed U.S. retail sales rose in January. The dollar index, which measures the greenback against six major peers, rose 0.65 percent to 103.9080 in late trade. In late New York trading, the euro was down to US$1.0683 from US$1.0738 […]
OP: Housing prices in Finland continue to fall
The housing market has been hit by rising mortgage prices and historically low consumer confidence.
US dollar falls after inflation data
NEW YORK, Feb. 14 (Xinhua) — The U.S. dollar fell in late trade on Tuesday after data showed U.S. inflation for January turned out warmer than expected. The dollar index, which measures the greenback against six major peers, was down 0.12 percent at 103.2355 in late trade. In late New York trading, the euro was […]
Tax credits for housekeeping services do not help much against tax evasion
“A total of 55 percent of the respondents say that they would request an official invoice, even if it does not entitle them to tax relief,” says Ludwig Erhard ifo, head of the Center for Social Market Economics and Institutional Economics. Sarah Necker. “If policymakers want to use tax breaks to encourage consumers to request […]
Confectionery sales increase, fruit and vegetable sales decrease as the economy slows down
SOK’s parent organization S group has revealed that its operating result improved by 16 percent from the previous year to 325 million euros in 2022. The improvement was driven especially by the recovery of the hotel and restaurant business, but the trend in the Grocery business was the opposite, and the result fell by 40 […]
The US dollar falls as traders await key inflation data
NEW YORK, Feb. 13 (Xinhua) — The U.S. dollar fell in late trade on Monday as market participants awaited a key U.S. inflation report. The dollar index, which measures the dollar against six major peers, fell 0.26 percent to 103.3630. In late New York trading, the euro was up at US$1.0715 from US$1.0674 in the […]
Sweden raises the key interest rate to 3 pct to curb inflation
STOCKHOLM, Feb. 9 (Xinhua) — Sweden’s central bank (Riksbank) on Thursday announced a 50 percentage point increase in the key interest rate to 3 percent, the highest in 15 years. The Riksbank said the rate hike, due to take effect on February 15, was necessary as the country’s 12-month consumer price index (CPI) reached 12.3 […]
US dollar firms ahead of key inflation data
NEW YORK, Feb. 10 (Xinhua) — The U.S. dollar strengthened in late trade on Friday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, rose 0.38 percent to 103.6290. In late New York trading, the euro was down to US$1.0674 from US$1.0736 in the […]
Base interest rates will increase by half a percentage point
It has just been announced that the monetary policy committee of the Central Bank of Iceland has decided to increase the key interest rate by 0.5 percentage point. Thus, they reached the level of 6.5%. In May 2021, they were 0.75 percent. This increase is in line with the forecasts of the bank’s analytics departments, […]
BoF: Russian consumers have not suffered from the sanctions
The study examines the willingness of Western companies to break away from Russia.
Inflation continues to rise and now stands at 9.9%
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
In 2023, the annual payments of undrawn government-subsidized loans – with the aim of alleviating cost pressures related to housing
The annual payments for state-subsidized loans taken out for the construction, purchase or renovation of rental and right-of-occupancy housing depend on the change in the consumer price index of July of the previous year. The fluctuations of the consumer price index have been quite moderate in recent years: in July of 2015 and 2021, the […]
Heli Jantunen, Martti Koskenniemi and Merja Penttilä will receive the honorary title of Academician of Science
and research professor Merja Penttilä has expertise in biotechnology and synthetic biology. They are all respected scientists and researchers with pioneering experience in their respective fields of research. Their work has wide-ranging importance in different sectors of society and thus helps to solve global challenges. A maximum of 16 distinguished Finnish scientists can have the […]
Millions to see dip in electricity prices
The future remains tenuous More specifically, the reduction relates to the price companies charge to transport electricity from the source to consumers and maintain the grid. Bay-Smidt said it was uncertain how long the price cut would last. Radius Elnet services around 1 million homes and businesses in the Copenhagen area as well as North […]
STT: Food donations decrease as the need for help increases
As food prices rise, consumers are more willing to buy discounted clearance products that could otherwise be distributed to help.
The decline in Helsinki apartment prices will continue until the end of 2023, says an economist
In the rest of the capital region, apartment prices continued to rise. Espoo and Kauniainen rose by 1.9 percent to 4,176 euros per square meter and Vantaa by 2.4 percent to 3,212 euros per square meter. In Espoo and Kauniainen, however, apartment prices fell by 1.8 percent in July-August. Juhana BrotherusThe chief economist of the […]
Consumer prices in Finland rose faster than expected in July
“It was expected that the sharp drop in the price of gasoline would at least moderate July’s average inflation to some extent. That didn’t happen, because especially the rise in electricity and food prices tipped the scales in the other direction,” he analyzed. press release on Monday. “Broad-based upward price pressure has not disappeared, although […]
Survey: Almost one in four says that income is not enough to cover rising consumer prices
With consumer prices rising this year, almost one in four Finns said they don’t think they can cope with their living expenses, according to a recent study by Taloustuktuikma. Almost half of the respondents expected their financial situation to worsen this year. "In particular, working people aged 35–49 believe that their financial situation will deteriorate […]
Saarikko: Finland may not be able to afford significant income tax reductions
“Now we need mutual trust.” Saarikko pointed out that the combination of substantial wage increases and income tax cuts would be dangerous, as it could further accelerate the rise in consumer prices. Juha MajanenOn Wednesday, the permanent state secretary of the Ministry of Finance defined moderate salary increases as increases in line with next year’s […]
Trade lobby: The retail growth spurt is over – now uncertainty lies ahead
The turnover of the domestic retail trade will decrease by around 2.5 percent this year and even more in 2023, according to the forecast of the Finnish Trade Association. The trade advocacy group said that if Finland and the rest of Europe drift into recession, trade will shrink even more. According to the group’s preliminary […]
Science Round-Up: SSI reports promising results in effort to create vaccine to protect infants from killer virus
Vaccine researchers at the Statens Serum Institut in close collaboration with colleagues from Boston Children’s Hospital are optimistic about a new vaccine to protect newborn children against respiratory infections caused by the RS virus (RSV). RSV is one of the leading causes of death among under-fives in the world, and it can also affect the […]
The trust of Finnish consumers "the darkest in history" in July
According to Statistics Finland, Finnish consumer confidence fell to a new low in July. The agency said expectations for consumers’ personal finances were "darkest in measuring history." The Consumer Confidence Indicator (CCI) was -15.9 in July, which marked a decrease from the CCI level of -14.3 in June and -11.6 in May. The number-crunching agency […]
Half of Finns have changed their everyday life because of inflation, according to HS research
More than four out of ten (42%) respondents answered that they have not resorted to any of the options to protect themselves against inflation. Almost a third (32%) of the respondents stated that they had reduced their mobility to mitigate the effects of inflation. Just over a quarter (26%) of respondents reported cutting back on […]
Consumer confidence at its lowest ever – Statistics Denmark
Danmarks Satistik announced that consumer confidence has hit minus 25.6 for July – the lowest figure since registrations began. It is therefore the third month in a row with historically low consumer confidence in Denmark. According to Kristian Skriver from Dansk Erhverv, the declining purchasing power is largely to blame. “The historically high price increases […]
Inflation in Finland accelerates to 7.8 percent in June
“Since last December, the prices of food and non-alcoholic beverages have increased by 10 percent, light fuel oils by 76 percent, diesel and gasoline by 42 percent, and electricity by 22 percent – in no more than six months,” comment Kristiina Nieminensenior statistician from Statistics Finland. Consumer prices are also rising rapidly in other parts […]
Sweden’s inflation reaches its 30-year high in June
STOCKHOLM, July 14 (Xinhua) – Inflation continues to accelerate in Sweden when the CPIF (Consumer price index with fixed interest rates) rose by 8.5 percent on an annual basis in June, according to statistics released on Thursday. Data collected by Statistics Sweden have for months confirmed that the country has suffered from the highest inflation […]
Finnish inflation approaches 8 percent in June
Inflation continued to grow in June and rose to 7.9 percent, according to Statistics Finland. In May, the corresponding figure was 7.0 percent. The upward trend was especially reflected in energy and food prices, says the number cruncher. "Since December of last year, the prices of food and non-alcoholic beverages have risen by 10 percent, […]
Research: Rising prices make most people adjust their grocery shopping habits
The majority of Finns have changed their grocery shopping habits due to the increase in food prices, according to a study by Uutissuomalainen. A survey conducted in June found that while 56 percent of respondents said they changed their shopping habits when grocery shopping, 40 percent said they did not. Many said they looked for […]
Highest consumer price increase in Denmark since 1983 – Statistics Denmark
Denmark’s consumer price index has risen to its highest level since 1983. according to Statistics Denmark. June saw a staggering 8.2 percent increase from a year ago. In February 1983, the increase was just half a percentage point higher. Statistics Denmark states that the probable reason is the rising commodity prices, which have risen by […]
The euro fell to a 20-year low against the US dollar
According to the ECB, the euro has fallen by more than nine percent against the US dollar since the beginning of this year. According to S&P Global, the industrial purchasing managers’ index (PMI), which measures the direction of economic development in the euro area, fell to 52.1 in June from 54.6 in May. “While the […]
Finnish restaurants neglected to pay taxes by almost 20 million euros in 2017–2021
“In recent years, no so-called million-euro cases have been detected, because the signs of the cases have been detected at an early stage. However, there have been cases where there are hundreds of thousands of euros in unpaid taxes. was revealed Tarja ValsiAudit Director of the Tax Administration. From the beginning of next year, tax […]
Dentists warn of increase in patients with tooth erosion
A recent study from the Danish Dental Association has found that tooth erosion is increasing. Of the 1,000 dentists surveyed, half reported seeing an increase in the number of patients with the condition. People drink more sodaTooth erosion occurs as a result of prolonged and continuous consumption of foods and beverages with high acidity, such […]
Finnish consumers are unprecedentedly pessimistic about the economy
The 990 responses collected to the survey show that people’s expectations for themselves and the national economy in the next 12 months were very pessimistic, first more than ever since 1995. The respondents also assessed their own current economic situation clearly pessimistically. Consumers also found the time to buy durable goods to be the cheapest […]
Politicians’ defense speeches and abortion contracts
What number will it end up with, speaking of Turkey’s demands on people they want to have extradited from Sweden in order to release Sweden’s NATO application? It started with 33 people, but changed the same day to 73. Ebba Bush (KD) recently brought an abortion contract to a TV debate between her and Märta […]
Home delivery alcohol available from Heimkaup
Yesterday, Heimkaup began distributing beer, wine and other spirits with home delivery. In this way, consumers can now access a large selection of groceries and alcohol every day of the week and have it shipped home same day. The alcohol is sold by the Danish company Heimkaup ApS. Heimkaup (Wedo ehf) only distributes the products […]
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 […]
Early summer festivals attract a record audience
After two summer Covid restrictions, Finnish festivals have garnered a record number of participants this summer. The Ministry of Culture and Science announced earlier this month its initiative to promote the event industry by removing virtually all restrictions on Covid. At early summer festivals, the crowds have increased sharply. The Sideway Festival in Helsinki was […]
Russian gas weapon strikes: Danish energy agency declares ‘Early Warning’
The Danish Energy Agency, the Danish Energy Agency, has today issued a warning that the country risks a significantly deteriorating gas supply situation. According to the agency it is a signal to the players in the gas market to prepare for a real supply crisis. “This is a serious situation we are in, and it […]
Ministry of Finance: Economic growth is slowing down, inflation is accelerating in Finland
“Building an economy on a more favorable and ecologically sustainable growth path that strengthens public finances requires the ability to compete successfully for investment among peers,” comments Mikko SpolanderDirector of the Finance Department of the Ministry of Finance. The economic outlook is overshadowed in particular by Russia’s war of aggression in Ukraine. The prolongation of […]
The Ministry of Finance warns of a recession
The Ministry of Finance released a weaker economic review on Friday, warning of more than previously expected slowing economic growth and accelerating inflation. It estimates that Finland’s GDP will grow by 1.4 per cent this year, but will slow over the next two years. The ministry forecasts growth of just 1.1 per cent next year […]
Inflation in Finland accelerated to 7 per cent in May
The annual rise in consumer prices was 5.7 per cent in April. Inflation was even higher in the euro area. According to Eurostat’s harmonized index of consumer prices, consumer prices rose by 8.1 per cent year-on-year in May, 0.7 percentage points higher than in April. According to the index, inflation in Finland was 7.1 per […]
Sweden is experiencing the highest inflation in three decades
STOCKHOLM, 14 June (Xinhua) – Swedish consumers are experiencing the highest inflation since 1991, when consumer prices, measured by fixed interest rates, rose from 6.4 per cent in April to 7.2 per cent in May, Statistics Sweden stated on Tuesday. Energy prices rose the most, with fuel prices rising by 41.8 per cent in one […]
Inflation will accelerate to 7% in May, the highest in 30 years
Inflation in Finland has risen to its highest level in more than 30 years and was 7.1 per cent in May. Statistics Finland’s recent consumer price index also found that inflation had accelerated significantly since April, reaching 5.7 per cent. According to the number crusher’s report, the acceleration in inflation was due to, among other […]
The Finnish Minister of Finance proposes tax cuts as a remedy for rising consumer prices
“I say directly that the reality where we do all this is not possible,” Saarikko told STT. According to the news agency, Saarikko has also presented the possibility of reducing income tax in the past, but has failed to make promises, although the reasons for the measure have been upset. – Of course, you also […]
Increased competition in the bus and train sector saved consumers millions
According to the Finnish Competition and Consumer Authority (KKV), the legal reforms reduced the prices of long-distance bus tickets by about 25 percent in 2014-2019. At the same time, the state-owned railway company VR reduced long-distance train tickets by about 20 percent, KKV says in its report. The combined effect of the fall in ticket […]
HS: Rents in Finland may jump this year due to a common clause in the leases
Contracts may also include a clause linking the increase to the consumer price index and setting a minimum annual increase. Anne ViitaThe Chief Operating Officer of Suomen Tenants told Helsingin Sanomat on Monday that in the latter case, the minimum increase is typically about three percent. Some leases stipulate that the rent must be reviewed […]
Aktia’s financial forecast: The time for strong growth is behind us
In Aktia’s economic forecast published today, chief economist Lasse Corin forecasts that economic growth will slow to 1.6 per cent this year and a modest 0.9 per cent next year. “The coronavirus pandemic and its economic effects have been left behind, Russia’s attack on Ukraine plunged into a new era of global economic uncertainty,” says […]
Illegal sales calls from robots remain a problem, the consumer authority says
Sales calls made via automated calling systems or "robot calls," are on the rise in Finland. However, the consent of the recipients is not always obtained, even if it is required by law according to the Finnish Competition and Consumer Authority. Unlike human telemarketers, non-human callers must obtain the recipient’s consent before contacting them. Still, […]
Gazprom cuts off Denmark from Russian energy … but this should not be a situation with “all hands on the pumps”, warn economists
Gazprom, the Russian energy company, announced yesterday that it will not supply more gas to Ørsted – Denmark’s largest energy company. A day earlier, the Danish company had reiterated its position that it would not meet Russia’s demand for payment in rubles. The Danish Energy Agency, the Danish Energy Agency, has secured the public that […]
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. […]
Vanhanen: Finland’s NATO membership would increase stability in the Baltic Sea region
The Speaker of the Finnish Parliament, Matti Vanhanen (Cen), said that Finland’s pending NATO membership will increase stability in the entire Baltic Sea region. "We believe that Finland’s NATO membership would increase the stability of the Baltic Sea region and strengthen security in the transatlantic region." he said, adding that Finland was "security producers, not […]
More retail price increases on the way
Uses the same, gets lessStatistics Denmark conducts its survey every month, and compared to previous months, a larger proportion of retail companies have indicated that a price increase is on the way. The proportion of companies that have already raised prices has also risen recently: from 56 percent in April to 64 percent in May. […]
Food prices and the war in Ukraine
The Russian invasion of Ukraine and an ongoing war are causing prices in grocery stores to rise. Prices for electricity and petrol have also risen sharply. Swedish consumers are affected, but prices hit those living in poor countries even harder. In P4 Världen we dive deep into the reasons for the price increases and Ekots […]
Growth in demand for solar panels despite long expectations and higher prices
Homeowners and housing associations are buying more solar panels in Finland than ever before. Their popularity has grown steadily for several years, but this spring’s price increases for electricity have pushed demand to a new level. "From the beginning of the year, many customers waited a while longer and followed the development of electricity prices. […]
OP: Growth in the Finnish economy will slow significantly in 2023
The financial group forecasts that consumer prices will rise by 5.4 per cent in 2022 and 2.8 per cent in 2023. The war has so far had a much-anticipated effect on the Finnish economy: Finnish exports to Russia have fallen sharply and prices for some raw materials and capital goods have risen. Reijo HeiskanenOP Financial […]
Luke: The grocery bill for the average household will rise by 500 euros this year
The projected rise in the prices of cereals, meat and dairy products could cause the average household’s grocery bills to rise by as much as 500 euros this year, according to a report by the Natural Resources Center (Luke). In a press release issued Tuesday morning, the institute said the average price of food is […]
Cheap airline tickets for your summer vacation
Have you booked flights for your summer holiday? Do you want to fly the cheapest way? – You can get good advice on finding cheap airline tickets here. Unfortunately, there is no set formula that tells you exactly when to travel, when to book, where to travel to and from and so on. But luckily, […]
In this way, greenhouse gas emissions can be reduced
They found that combining dietary change, emissions pricing and international income transfers could make the world food system emission-neutral by the end of the 21st century – while providing healthier food for the world’s growing population. “Reducing the size of our current food system alone will not reduce emissions much. Instead, we need to change […]
Do you want to take out a loan in Denmark, and what is a consumer loan? Everything you need to know about borrowing money in Smørrebrød’s country
If you are starting to get used to everyday life in Copenhagen, and the first excitement of arriving in this unique city begins to be overshadowed by everyday routines, you are not alone. This is a point that everyone hits in the end and is a natural part of being an expat. But with this, […]
Inflation slowed slightly in April
Inflation in Finland slowed slightly during April, according to data released by Statistics Finland on Friday. The annual change in consumer prices calculated by Statistics Finland was 5.7 per cent in April, compared with 5.8 per cent in March. The agency said the biggest impact on April’s inflation rate was the slowdown in liquid fuel […]
Sweden’s inflation continues to rise after breaking a 30-year record
STOCKHOLM, 12 May (Xinhua) – Sweden’s inflation has continued to rise in April after breaking its 30-year record a month ago, Statistics Sweden stated on Thursday. The figure is 6.4 percent in April, up from 6.1 percent in March, when it surpassed the previous record in December 1991. “(There have been) continued extensive price increases […]
As uncertainty persists, investors will withdraw EUR 100 million from funds registered in Finland
Investors raised a total of EUR 242 million from equity funds and EUR 313 million from short-term fixed income funds. New investments in hedge funds amounted to EUR 105 million, in long-term fixed income funds to EUR 301 million and in alternative funds to EUR 45 million. Last month was difficult, especially for fixed income […]
How to develop a consistent savings habit in 2022
We all love to enjoy luxury, even though it may cost some extra dollars. Whether it’s eating out at an expensive restaurant, buying designer clothes and accessories, an expensive car or trying our luck IGames, or kick it on the beach; we all have an excuse to spend more than we need. While most banks […]
Gasoline and diesel prices will fall slightly during April
The average price of both petrol and diesel in Finland fell in April as a result of Russia’s invasion of Ukraine in March, following a sharp rise. The consumer price index released by Statistics Finland on Friday revealed that the average price of petrol 95E fell to EUR 2.17 per liter in April from EUR […]
Internet trends are sought in the 2020s
Let’s look at some of the ongoing trends that could accelerate further in the coming years. Gaming continues Gaming is a phenomenon in which elements of video games are used in a context that is not necessarily related to gaming. We have seen many online businesses adopt the concept with great success over the last […]
Survey: Finns’ confidence in economy weakening
Feelings of economic uncertainty are increasing among people in Finland, according to the results of a survey commissioned by the lobby group Finance Finland (FFI). Some 45 percent of respondents said they had postponed or entirely abandoned their investment plans due to an increase in prices, rising interest rates and the global political situation. The […]
Across China: “Plogging,” a purity raging among Chinese youth
YINCHUAN, April 24 (Xinhua) – Picking up trash while jogging or running may not be an obligation, but some environmentally conscious youth in China see it as an important social duty. In 2019, Xu Jia, 35, from Yinchuan, the capital of northwestern China’s Ningxia Hui Autonomous Region, saw a poster featuring a “plowing” activity and […]
The financing of Finnish startups again broke records
The amount of foreign capital investments in Finnish companies doubled only in a year. A total of 182 Finnish startups received private equity investments. Other foreign investors, such as foreign companies and individuals, invested a total of EUR 302 million in Finnish startups. Other Finnish investor groups each invested about 50 million: Finnish angel investors […]
Economists advise households to prepare for an interest rate of 1.5 to 2.0 percent
Reijo HeiskanenOP Financial Group Chief Economist and Jan von GerichNordea’s chief analyst told the Finnish News Agency on Monday that they expect the interest rate to rise to 1.5 per cent in the next year or two, but warned that forecasting is currently difficult due to accelerating inflation. “I personally thought it could be in […]
Consumer prices exceeded expectations by rising by 5.8% in Finland in March
Both YLE and Helsingin Sanomat emphasized in their reports that consumer prices have not risen at the same pace since 1990. Jukka Appelqvistthe chief economist of the chamber of commerce pointed out press release that while diesel and gasoline prices are still the subject of most public inflationary debates, price increases have gradually become more […]
Sweden has the highest inflation since 1991
STOCKHOLM, April 14 (Xinhua) – Sweden is experiencing the highest inflation in decades, with a 12-month inflation of 6.1 percent in March, Statistics Sweden stated on Thursday. “The inflation rate rose sharply due to a general and broad price increase. Prices of food and non-alcoholic beverages rose, but it was mainly rising electricity and fuel […]
