Tag: Loan
The maintenance fees of housing stock companies are on the rise: Kiinteistöliitto’s study
In Helsinki and Turku, the maintenance fee for apartment buildings is estimated to rise by 9% in 2023, while in Jyväskylä and Lahti by 3-4%. The survey also revealed that eight percent of the respondents have used a credit account or taken out a maintenance loan to cover their expenses. Despite the increase in maintenance […]
Understanding loans and making informed decisions
When applying for a loan, you should be aware of several factors, such as your credit score, as it can significantly affect the eligible interest rate. You can make the application yourself or use an intermediary. When you apply via the online service, e.g As an axolotlthe consumer skips many steps, such as having to […]
Help for buyers of the first property
The Minister of Infrastructure promises to increase the focus on co-operative loans and the development of universal affordable housing to facilitate entry into the housing market for low-income and first-time buyers. Actions taken by the Central Bank last summer to cool down the housing market have had an effect. Flats take longer to sell and […]
He wants changes in the tax system
The president of ASÍ says the government should intervene because of the rate hikes and help the public. There are examples of mortgage payments that have increased by ISK 100,000 in the last year. Interest rate hikes have put a heavy strain on people with unindexed floating-rate loans. Magnús Sigurjón Olsen Guðmundsson, who tweeted that […]
Climate Fund in 2022: EUR 79.9 million in investment decisions to promote the green transition
Aeromon: More accurate quantification of fugitive emissions. Capital loan of 2.4 million euros. DataSpace Europe: Information transfer service in the food chain. 1 million euro capital loan. Finn Recycling: Foundry sand recycling solution. 8 million euro capital loan. Hykamite: Demonstration plant to promote the production of emission-free hydrogen and industrial coal. A capital loan of […]
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 […]
Finland can support interest subsidies for thousands of first-time home buyers
The state supports 70 percent of the interest costs of ASP loans that exceed 3.8 percent.
Factors to consider when choosing a lender for your personal loan needs
Different lenders may offer different interest rates based on your credit score or other factors such as collateral or cosigner status. Check Rahalaitos.fi compare loan offers and get the best interest rate for your personal loan. Shopping around can help you find the best personal loan offer that meets your needs. Comparison of different personal […]
Inflation on the rise in Finland: a long battle to tame prices ahead, warns the chief economist
Although prices may not continue as quickly as in February, the continuation of inflationary pressures is a major economic risk. The high price of electricity, food and increased loan interest rates were the main factors of annual inflation. Food and non-alcoholic drinks prices rose by a record 16.3% compared to last year, while monthly inflation […]
How can cryptocurrency be used in the future?
Cryptocurrency has been one of the fastest growing technologies in recent years, and many experts predict that this is just the beginning of how cryptocurrency can be used in the future. While most people continue to think of cryptocurrency as an investment opportunity, the true value of the technology has barely begun to emerge. In […]
Post-pandemic trend: Almost half of Finns dream of moving to the countryside
This corresponds to approximately one million adult Finns. On the other hand, four out of ten respondents prefer to live in the city. According to the survey, young people are also interested in moving to the countryside, 46 percent of them would like to move to the countryside. However, work was considered to be the […]
Freedom of navigation in the Indian Ocean is a must: Maldives Foreign Minister
New Delhi [India]March 3 (ANI): Maldives Foreign Minister Abdulla Shahid said that “freedom of navigation in the Indian Ocean is a must” that the country will do everything to maintain peace and stability in the region. Speaking exclusively to ANI, Abdulla Shahid said, “Freedom of navigation in the Indian Ocean is a must because it […]
Governor of the Riksbank Erik Thedéen: Further interest rate increases await
Erik Thedéen became head of the Riksbank at the turn of the year, in a situation with both high interest rates and negative growth. Since last May, the Riksbank has raised the key interest rate from 0 to 3 percentage points. The goal of the increases is to bring down inflation, which is currently at […]
Nordea: Housing prices in the Helsinki region are down 10% from last year’s peak
In the rest of the country, house prices are expected to drop seven percent from the peak in 2022. Expectations in the capital region and other regions differ mainly because the rise in interest rates is expected to discourage home buyers, especially in residential areas. loans are higher than the national average, such as in […]
Camila Giorgi meets Swedish qualifier Rebecca Peterson in the Merida Open final
Merida [Mexico]February 26 (ANI): Italy’s Camila Giorgi will face Swedish qualifier Rebecca Peterson in the final of the Merida Open on Sunday. The 31-year-old Italian, ranked No.68, defeated No.4 seed Katerina Siniakova 7-5, 7-6(2) in the semifinals to advance to her 10th career final and first since winning Montreal 2021. Giorgi has had a successful […]
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 […]
Banks raise unindexed interest rates
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced interest rate hikes. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the interest […]
Banks raise interest rates on non-indexed loans
Three large commercial banks, Arion Banks, Íslandsbanki and Landsbankinn, have announced increases in lending rates. Unindexed interest rates increase by 0.5 percentage points on most loans, and the same applies to deposit rates. The hike follows a 0.5 percentage point hike in key interest rates last week. For new unindexed home loans at Landsbankinn, the […]
Forward Zhang to miss China’s warm-up league match in Spain
GENEVA, Feb. 9 (Xinhua) — Chinese forward Zhang Linyan will miss a league match with Swiss women’s club Grasshopper Club Zurich in order to join his national team for four caps in Spain. “I can’t wait to play for the national team and see my Chinese teammates. I hope I can show what I’ve learned […]
The Internet and its many opportunities to get a loan
The Internet has revolutionized how we do business, and it has especially changed how people borrow money. Today, there are a number of services available online that allow people to secure loans regardless of their credit score or personal circumstances. One method that has gained popularity over the past few years is finding ways to […]
The Climate Fund invests EUR 10 million in Norsepower to accelerate the reduction of emissions in the shipping industry
Emissions from shipping are predicted to increase without additional measures, so the development and scale of solutions that reduce emissions in the shipping industry is crucial. Norsepower reduces emissions by providing ships with wind power with the company’s own rotor sail. Depending on the wind conditions, Norsepower’s product can reduce the ship’s fuel consumption by […]
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 […]
Will interest rates rise for innovations in the loan industry
A loan consolidation program is a way to make a comprehensive debt payment plan that can help people better manage their finances. In this case, the debtor would be taking out a new fixed-rate loan that would cover/finance all current active debts. Consolidation of loans enables one loan to be taken out to pay off […]
Will interest rates rise for innovations in the loan industry
A loan consolidation program is a way to make a comprehensive debt payment plan that can help people better manage their finances. In this case, the debtor would be taking out a new fixed-rate loan that would cover/finance all current active debts. Consolidation of loans enables one loan to be taken out to pay off […]
Coinmotion suspends cooperation with the Finnish cryptocurrency lender
The Finnish investment service company said on Tuesday that the use of the service was immediately suspended to protect the interests of customers in a situation where “several virtual currency loan service providers have publicly run into difficulties”. It indicated that market uncertainty is “most likely” to continue to spread. “While this has not directly […]
Danish News Round-Up: Christianshavn is becoming more and more like Venice!
A large part of the canal-saturated Copenhagen district of Christianshavn faces an extended period when it will not be accessible to road vehicles due to the closure of a critical bridge. With the bridge out of action, only bicycles and boats will be able to visit the island of Bjørnsholm – where Nordatlantens Brygge and […]
Slush cancels the pitching contest win due to the winner’s ties to Russia
The start-up aims to ease the immigration process for knowledge workers who want to come to the UK. However, critics stated that its activities focus exclusively on assisting experts leaving Russia. Both Mirolyubova and Sharonov are Russian citizens but have long lived in the UK, According to Helsingin Sanomat. Jaroslav KrempovychA Ukrainian venture capitalist, wrote […]
Things to consider when buying a home in Denmark
Denmark is a good place to live, and if you are considering buying a home there in cash or through a loan using https://www.mybanker.dk/, you’re not alone. In fact, more and more people choose to buy a home in Denmark every year, thanks to the country’s great quality of life and its many attractive features. […]
Inflation in Finland accelerated to 8.3 percent in October
The average interest rates for both housing and consumer loans are higher than before, the former 67 percent and the latter 24 percent from the previous year. Kristiina Nieminensenior statistician from Statistics Finland, reminded that interest rates were expected to rise as a result of the reference rate hikes initiated by the European Central Bank […]
The EU proposes an 18 billion euro support package for Ukraine
The support proposed by the EU should be matched by similar efforts by other major donors to cover all of Ukraine’s 2023 funding needs. With this package, the EU intends to help Ukraine pay salaries and pensions and maintain key public services, such as hospitals, schools and housing for displaced people. “It will also allow […]
EMMA opens a new space for the world-class collection of visionary collector Kyösti Kakkonen, which focuses on Finnish glass and ceramic design
Collection Two will be presented to the media on Tuesday, November 8 at 10 a.m. at EMMA – Espoo’s modern art museum. You can follow the live streaming of the event in Zoom from this link. In Finnish. The exhibition is a collaboration Kösti KakkonenEMMA and the city of Espoo and it has been curated […]
The EU plans to propose a monthly package of 1.5 billion euros to Ukraine
A positive development: this week we are presenting a financial support package for Ukraine for 2023. The EU is on Ukraine’s side as long as it lasts.” This happened after the President of the EU had a conversation with the President of Ukraine on Sunday Volodymyr Zelenskyy. The main focus of the discussion was on […]
Income limits for study support will be raised significantly
The change also brings a change to the eligibility conditions for the student loan reimbursement. The annual income limits will be raised to a level 50 percent higher in 2023 than in 2021. Compared to 2022, the income limits will increase by about 20 percent. Students receiving a nine-month study grant can have up to […]
A Finnish research institute strongly warns against the continuation of borrowing
“From this starting point, it is confusing that the goals of economic policy, sustainable public finances, are not shown in the budget as measures that could significantly stabilize the state of the public finances. It is noteworthy that the government has not taken action despite the crises it faces. reads statement signed by VATT’s CEO, […]
How to find storage space in Norway
In some cases, storage space can be smart, or perhaps absolutely necessary. If you have some things that you need to store, then it is a good idea to find a warehouse near where your things can be safe for a period of time. It can be in connection with moving, renovating, building a home, […]
Three American economists win the 2022 Nobel Prize in Economics
The Royal Academy of Sciences announced on Monday that three US-based economists won the 2022 Nobel Memorial Prize in Economic Sciences “for research on banks and financial crises.” The winners are Ben Bernanke, former head of the US Federal Reserve and currently at the Brookings Institution in Washington DC; Douglas Diamond at the University of […]
HS: Two Finnish shipyards have requested emergency funding from the state
Timo MeyerMeyer Turku’s CEO did not respond to Helsingin Sanomat’s request for comment on Friday. Meyer Turku directly employs around 2,000 people and another 7,500 people through the network of subcontractors serving the Turku shipyard. The yard’s turnover in 2021 was 1.1 billion euros and the net loss was more than 17 million euros. The […]
Denmark sees the most bankruptcies in a decade
Already a tenuous positionIn September alone, 251 bankruptcies were filed nationwide – an increase of 7.6 percent compared to the previous month – leading to 1,242 lost jobs (almost 40 percent more than in August). Interestingly, companies that had been given a pandemic exemption, VAT loan accounted for 45 percent of the bankruptcies during the […]
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 […]
Monday’s papers: Privatization of forces, importing energy and keeping the lights on
Some Finns consider a personal loan to cover their heating bill.
With the state-guaranteed loans, it is hoped to encourage green investments by households
The Ministry of the Environment and the Ministry of Labor and the Economy have negotiated an extensive loan program with the European Investment Fund.
8 dishes you must try in Denmark
Denmark is a country with a rich and delicious food tradition that has been passed down through the generations. From the humble smørrebrød to the more elaborate roast pork, there is something for every taste. The key to Danish cuisine is simplicity. The focus is on the season’s fresh ingredients, which are prepared to perfection. […]
Finland raised a loan of more than 2 billion euros for Fortum through Solidium
However, its terms are comparable to the terms of loans and guarantees of EUR 10 billion. The interest on the loan would be 10 percent for the first six months and 12 percent for the remaining repayment period, but the effective annual interest cost, including arrangement and commitment fees, would be 14.2 percent. For Fortum. […]
Finland agreed on a 2.35 billion euro loan with the energy company Fortum
The bridge financing agreement with the Finnish government covers the collateral needs of the struggling energy company in the Nordic electricity commodity market.
The Finnish government defines strict conditions for energy company loans
“It is clear that even in such an uncertain situation, where we do not know whether companies will come to the government’s loan desk, it is very unlikely that we will prepare to grant a loan of 10 billion euros.” Teppo Koivistofinancial director of the Ministry of Finance, was quoted saying from YLE. However, if […]
The working group is expected to reduce electricity prices in the Nordics
STOCKHOLM, Sept. 5 (Xinhua) — Sweden and Norway announced Monday that they were ready to start a joint working group aimed at reining in soaring electricity costs in the Nordics. The decision was announced after a meeting between Swedish and Norwegian ministers in Stockholm. “Together with the Norwegian government [Swedish] The government is initiating a […]
The Finnish government offers loans and guarantees of up to 10 billion euros to electricity producers
The system would be valid until the end of next year and would offer loans on a case-by-case basis with a repayment period of up to two years on stricter terms than market conditions, the details of which will be clarified on Monday. The government will discuss the proposal in its plenary session today. “Taxpayers’ […]
Finland is piloting a student loan forgiveness system
Moving to the eastern countryside or the fells of Lapland could cut the debt of recent graduates.
The cabinet offers up to 10 billion euros in emergency loans to stabilize the electricity market
Prime Minister Sanna Marin (SDP) said that the Stability Act will be presented to parliament on Monday.
Aktia launches a rare dark green corporate bond fund
It is classified as as a dark green fund in accordance with Article 9 of the EU Sustainable Finance Disclosure Regulation. The fund only invests in green, social and responsible bonds and bonds linked to sustainable development (SLB), and each investment item is also required to have a positive net effect, taking into account, for […]
The 12-month Euribor had the largest monthly increase on record in August
Helsingin Sanomat on Tuesday highlighted that the rate has experienced a larger monthly change only twice in its history, falling 0.914 points in March 2008. The 0.146 point change seen yesterday was also quite unprecedented, as larger daily changes have occurred only six times since early 1999. The total mortgage interest rate is determined by […]
The European Union is working to increase economic and security ties in the Pacific
WELLINGTON, New Zealand: During his visit to New Zealand, Ambassador Sujiro Seam, head of the European Union Delegation for the Pacific, said the European Union is working to increase its presence in the Pacific through economic ties and new security commitments in the area. The EU’s push comes as major powers compete for influence in […]
Congress passes Democrats’ climate, tax, health bill, a Biden triumph
WASHINGTON – A divided Congress on Friday gave final approval to Democrats’ flagship climate, tax and health care bills, giving President Joe Biden a triumph from the dead on coveted priorities that the party hopes will bolster its prospects of retaining control of Congress in November’s elections. The House used a 220-207 party-line vote to […]
Poland warns of coup against the EU Commission
WARSAW, Poland: Poland’s national conservative government has hardened its rhetoric in its rule-of-law row with the EU, threatening to turn “all our guns” against the European Commission and build a coalition to oust its president, if necessary. Krzysztof Sobolewski, secretary general of the ruling Law and Justice party, said that if the EU executive “tries […]
New hope for SAS as an American company confirms plans to invest
Subject to approval, the American investment company Apollo Global Management has confirmed that it will give SAS a loan of 700 million US dollars. The loan will help SAS pay its employees’ salaries over the next 9-12 months, while also strengthening its financial position ahead of a restructuring, after which it will be known as […]
The government is looking to build affordable housing in Christiania
Prime real estate The government said Christiania’s failure to sign the state’s offer by that date will be interpreted as a rejection of the offer. Furthermore, should Christiania not sign, nine buildings will be moved – something that the state says it can demand at the expense of the sanctuary. In the meantime, government loans […]
Newly promoted Schalke recruit Sweden national team Larsson
BERLIN, Aug. 5 (Xinhua) — Schalke have bolstered their attack with the signing of striker Jordan Larsson from Spartak Moscow, the Royal Blues confirmed on Friday. After terminating his contract with Spartak in June, the 25-year-old striker joined Schalke on a free transfer after putting pen to paper on a deal until June 2025. “Jordan’s […]
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 […]
Is Finland’s national debt or the gas crisis a bigger threat to the economy?
The Finnish government currently has a debt of around 137 billion euros, and this number is likely to increase. The national debt has grown rapidly in recent years and grew even more strongly at the beginning of this year. The Ministry of Finance will start preparing next year’s budget this week. Like many countries, Finland’s […]
Finnish lenders report a decrease in demand for mortgages
The average interest rate on new mortgages, on the other hand, rose from 0.73% in June 2021 to 1.59% in June 2022. The loan margin accounted for an average of 0.82 percentage points, compared to 0.7 percentage points a year earlier. . Finland’s leading mortgage lender OP Financial Group has reported that it granted 15 […]
Summer cottage loans down in Finland
In June, Finnish households took out new holiday home loans of approximately EUR 126 million, which is 16 percent less than in the corresponding month last year, according to the Bank of Finland. The Central Bank stated that during 2020 and 2021 there was a spike in cottage loans, which was sometimes related to the […]
You should use your credit card for this
There are divided opinions when it comes to whether you should have, and not least use, a credit card. It can be difficult to make up your own mind about this when you hear so many different things from different sources, but there is some pretty average advice that covers almost everyone, and you’ll get […]
The share prices of Fortum and Uniper continue to fall due to the rescue package news
Energy company Fortum’s share price continued to fall on Monday after the opening of the Helsinki Stock Exchange. The stock fell about seven percent in afternoon trade. The share of Fortum’s German subsidiary Uniper, meanwhile, was down more than nine percent on the Frankfurt stock exchange. The share prices of the two companies fell on […]
Tuppurainen: The agreement on the stabilization of Uniper is the best possible
Fortum on Friday was revealed that the nearly 15 billion euro stability package consists of three core parts. The German state will take a 30 percent stake in the troubled energy company by subscribing to approximately 157 million new shares with a nominal value of 1.7 euros per share. Germany also promised to provide the […]
Interest rates raised to fight inflation, Danish banks are considering stopping interest rates on borrowers
According to Statistics Denmark, inflation in Denmark rose to 9.1 per cent in June from – up from 8.2 per cent in May 2022. For both Denmark and the EU, inflation is at the highest level since the EU began calculating its harmonized consumer index. in 1997. At the same time, Denmark is doing better […]
Finnish borrowers will notice the ECB’s interest rate hike, experts predict
Wind BirchNordea’s Chief Economist, stated To YLE on Thursday, that the change, although more confident than expected, will only lead to a moderate increase in the Euribor interest rate. Finland’s most common mortgage reference rate Euribor 12 already priced in the expectation that interest rates will be raised by one percentage point in July-September. “These […]
Fortum will not invest more capital in Uniper, Finland’s central goal, Tuppurainen says
Tuppurainen spoke to the media in connection with his hearing that lasted more than two hours in the parliament’s trade committee. He did not comment on how the negotiations have progressed and what a possible agreement might look like, and reiterated that the negotiations are still at a sensitive stage. He added that committee members […]
How to get control of your personal finances
Getting control of your personal finances is not always easy. If you have first lost track, it can be difficult to regain control, and it can also be uncomfortable to have to dive deep into your own bank statements. Although it may seem both uncomfortable and difficult, it is important to have control and we […]
Finland’s Minister of Ownership is lukewarm about Uniper’s capitalization
Fluffy argued to STT on Sunday that Fortum has shown its commitment to helping the subsidiary survive the natural gas crisis by granting it an eight billion euro credit line, which consists of both a shareholder loan and parent company guarantees. “However, as the majority owner of Fortum, we do not understand how it would […]
Student loans for the fall semester can be withdrawn from August 1
Kela has sent the decisions on granting student loan guarantees for the coming academic year to 109,150 recipients of support and 1,200 recipients of adult education support. A decision on the loan guarantee will be sent to a student who has a support application, notification of change of circumstances or other pending matter when the […]
The German minister asks Fortum to help save the struggling subsidiary
German Minister of Economy Robert Habeck has criticized the handling of the problems of the Finnish energy company Fortum’s German subsidiary Uniper. In an interview for a German radio station Deutschlandfunk On Saturday, Habeck added that Fortum should participate in the ousting of the struggling gas company. "It [Uniper] belongs to someone, someone who is […]
The nurses union files a report with the police about unpaid wages
The social and health trade union Tehy has filed a criminal complaint with the police regarding unpaid wages to members of the City of Helsinki. The trade union stated in its press release that the salary problems have continued for months and have affected several thousand employees in the capital region. A particular problem has […]
Finland will introduce a new tool to control household indebtedness in 2023
The maturity of the loans should also not exceed 25 years and the interest rate must be at least six percent in the calculation, with the exception of fixed-rate and long-term interest-protected loans. The recommendation is due to enter into force on 1 January 2023. Marja NykänenThe chairman of Fiva’s board said the recommendation is […]
Son of ex-Barcelona star Larsson leaves the Russian club
Jordan Larsson is now in practice a free agent A number of clubs have reportedly contacted Jordan Larsson after the son of Celtic, Sweden and FC Barcelona legend Henrik had his Spartak Moscow contract terminated by mutual agreement. The Russian Premier League giants confirmed development on Monday night, and thanked the 25-year-old for his part […]
Russian giants fire a brutal farewell shot when foreign star stops
Spartak Moscow had a few words of farewell to Jordan Larsson Russian football club Spartak Moscow could not resist an excavation by striker Jordan Larsson after it was confirmed that the Swedish star’s contract had been terminated. Spartak announced on Monday that Larsson – who is the son of the former Celtic and Barcelona icon […]
The city’s employees suffer from major wage disturbances in Vantaa, Helsinki
Since the payroll system update, there have been serious shortcomings in the salaries of employees in both the cities of Helsinki and neighboring Vantaa, and some of the IT problems have continued since April. Although it is difficult to estimate the exact number of victims, the City of Helsinki’s financial administration reported about 7,000 countless […]
Russia reacts to discriminatory FIFA measures
FIFA issued an updated decision on Russia – based foreign players this week The Russian football authorities have warned that they could take legal action against FIFA after it extended a ruling allowing foreign players and coaching staff to unilaterally suspend their contracts with Russian clubs. FIFA announced the move on Tuesday and continues a […]
YLE: Many real estate investors are taking a break in Finland
“In the old world, tenants took the apartment they happened to get. Now tenants can look at several apartments and choose the one that suits them best; The landlord has to do more work to rent out his apartment. ” Joonas Oravaan investor in several real estate portfolios, YLE summed up on Thursday. Finnish Broadcasting […]
FIFA issues decisions on foreign football players in Russia
The global football board has extended a rule that was originally introduced in March Foreign football players and coaching staff will have to unilaterally terminate their contracts with Russian clubs until the summer of 2023, FIFA has announced. The decision is an extension of a verdict that was first introduced in March after the outbreak […]
Danish News Round-Up: Covid-19 costs quadrupled in 2021
The Corona bill is on the table, and it is huge, according to data just published by Statistics Denmark. In 2021, expenditure on COVID-19 totaled DKK 20.1 billion – almost a tenth of the DKK 270.8 billion spent on the health care system in Denmark, which in itself has increased by DKK 25.5 billion. That’s […]
Galleries continue to erase female artists in their best-selling exhibitions
The National Gallery recently announced its summer exhibition 2023, After Impressionism, which claims that the show will celebrate the “great achievements of Cezanne, Van Gogh, Gaugin and Rodin” among others. The social media responses to this announcement was largely “where are the women?” Some on Twitter suggested women who should be included in the exhibition, […]
Business Round-Up: Inflation at its highest in decades
Inflation has reached its highest level since 1983. In May, prices were 7.4 per cent higher than they were at the same time last year, new figures from Denmark’s statistics. In particular, commodity prices have risen dramatically. Since last year, the price of raw materials in this category – which includes gas, electricity and food […]
A Polish official knocks out the national team player for Russia’s decision
Politician accused Maciej Rybus of staying in Russia to play for “blood money” Poland’s State Security Secretary Marcin Przydacz took to Twitter to criticize national team star Maciej Rybus for his decision to stay in Russia. Previously played for his rivals Lokomotiv Moscow from 2017 to 2022, Rybus signed a two-year contract with Spartak Moscow […]
Student loans rise to record levels
In Finland, although tuition is free and study scholarships are granted by the government, many students still opt for student loans to cover extra living expenses. The total value of state-guaranteed student loans rose to about 5.5 billion euros in April, according to the Bank of Finland’s own statistics. Markus Aaltonenan Economist from the Bank […]
Helsinki is the second most popular city to live in
Regardless of the reason for the move, some things need to be considered in advance. Depending on where you move, Helsinki can be a significant change to your habit, which can be seen in many ways. In relocation cases, it is common to look at different financing options. In that case, it is important to […]
Experts agree that the living standards of Finns are falling due to rising prices and interest rates
– All in all, it is a matter of taking three steps forward, and now it seems that we need to take one step back, he summed up. In May, Statistics Finland reported that inflation accelerated to 5.7 per cent in April, mainly due to higher energy prices and agricultural inputs due to the Russian […]
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. […]
Wednesday’s magazines: NATO hurdles, protein from the air and aging icebreakers
Turkey’s roadblock to Finland and Sweden’s NATO membership have been in the news all week. Diplomats from the two Nordic countries are expected to meet with a Turkish delegation in Ankara to discuss Turkey’s concerns and demands on Wednesday. However, Turkey is not necessarily the only obstacle to Finland’s and Sweden’s accession to NATO. According […]
HS: Movement Now owes the party’s founding company EUR 830,000
The amount of debt borne by the Movement Now party is almost 830,000 euros, the majority of which are loans from the party leader Harry "Hjallis" Harkimon company, Hjallis Promotion, according to the newspaper Helsingin sanomat newspaper. Harkimo, who is also the founder of the party, acknowledged that the party would not otherwise have been […]
Explanation: Many Finns have not prepared for interest rate hikes on housing companies’ loans
Nearly three-quarters (73%) of respondents with a personal mortgage said they were prepared for an increase in interest rates. Maiju HinnoNordea’s Senior Vice President, Housing, expressed concern about the results, especially due to the recent rise in interest rates. “A housing loan is comparable to a corporate loan, so its terms and flexibility are much […]
How to start your own online business in Finland in 2022
The truth is, this is certainly not a simple task. However, that is not impossible. The first thing you need to do is find a niche that is useful and somehow popular. In addition, you must comply with the regulations and laws of your country of residence to avoid any possible problems. In the following […]
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, […]
Summary of Ukraine: reality begins to rain over Putin’s victory parade
This time last week, the world eagerly awaited the celebration of the annual Victory Day in Russia to get a clue as to what Vladimir Putin might be planning for his war in Ukraine. Victory Day, held every year on May 9, is a reminder of the victory over Nazism in Europe, a victory in […]
Business Round-Up: The government puts the economy at risk with too much energy compensation, warns the central bank governor
Danmarks Nationalbank Governor Signe Krogstrup has warned that the government will put Denmark’s economy in great danger if it pays too much compensation to homeowners who were hit by large energy bills this winter. In a speech to Berlingske, she explained: “If compensation schemes are adopted that are not matched by public savings or higher […]
Thursday’s newspapers: Finland is preparing for Russian trolls, school holidays "free" loans
Posters slandering a Swedish children’s writer have appeared in Moscow Astrid Lindgren natsina. It said Hufvudstadsbladet says that Finland will probably see similar advocacy campaigns as Russia tries to justify its actions in Ukraine. A Swedish military expert told HBL Carl Gustaf Emil MannerheimFinland’s best-known war leader and long-term president Urho Kekkonen were likely candidates […]
The Bank of Finland calls for more measures to curb household indebtedness
“Households need to assess their debt service capacity to ensure that it can withstand rising interest rates, rising everyday costs and potential uncertainty in the labor market.” advised Marja NykänenDeputy Governor of the Bank of Finland. The European Central Bank is likely to raise its reference rate this autumn at the latest. However, market expectations […]
The Bank of Finland calls for a reduction in household debt
Finland must minimize potential risks to the stability of its financial systems by taking additional measures to curb household indebtedness, the Bank of Finland said in a statement issued on Wednesday. Although the new measures proposed by the government to limit the duration of mortgages were necessary, they are not enough to properly address the […]
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 […]
HS: Finland is preparing for a possible suspension of gas supplies from Russia
Gazprom, a Russian state-owned natural gas producer, has stated that compliance with the conditions is a precondition for resuming gas supplies, citing its recent decision to suspend supplies to Bulgaria and Poland. Gasum, the importer and distributor of natural gas owned by the Finnish state, has been asked to provide a response to the payment […]
