Tag: Nokia
Nokian Tires sells its Russian operations for 285 million euros
After the Russian registration formalities, the deal will be completed and Nokian Tires’ operations in Russia will end.
Housing crisis in Finland: Research shows an unprecedented rise in housing costs in different parts of the country
The increase in housing costs and the large differences between municipalities are primarily due to the increase in the price of electricity, which has risen by an average of 46% since a year ago. Waste fees have risen by an average of 6.7%, real estate taxes by 6.3% and water fees by 4.1%. The most […]
Nokia implements six-pillar strategy reform plan, announces new logo
Pekka LundmarkCEO of Nokia, told According to Helsingin Sanomat, the company has decided to “put its food on the gas pedal” after noticing the improved technical position. He said that Nokia currently has a 25-26 percent share of mobile communications networks and a less than 20 percent share of optical networks in regions outside of […]
Minister Harakka leads the Team Finland delegation to visit South Korea
The technological themes of the visit have enormous potential for the economy and well-being of our countries, says Minister Harakka. Minister Harakka will meet, among other things, the Minister of Land, Infrastructure and Transport Defeated Hee-ryongMinister of Trade Dukgeun Ahn and the Minister of Science and ICT Lee Jong-ho. The business delegation meets potential trade […]
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 […]
Nokian Renkaat agreed on the sale of the Russian operations
Nokian Tires started operating in Russia in 2005, and by 2021, approximately 80 percent of the company’s passenger car tires had been manufactured in the country.
Nokia’s CEO satisfied with the Q3 result, but the stock market is lukewarm
This week, Nokia also announced major 5G equipment contracts in India.
Europe’s largest disc golf tournament attracts thousands to Finland
In Finnish, a term "puck" means disk or puck, and it is quite well known that Finns go wild for the sport played with a puck. However, another puck sport has taken Finland by storm in recent decades, but it is not played with a puck, stick or even ice. It is played on the […]
UPM makes record results, Nokia and Wärtsilä are also strong
More large Finnish companies announced brisk second quarter sales on Thursday. The comparable operating profit of Nokia, which manufactures wireless and fixed network equipment, was 714 million euros in April-June, compared to 682 million euros in the same period last year. Turnover rose to 5.87 billion euros in the second quarter, compared to 5.31 billion […]
Nokian Tires is withdrawing from Russia because it is neither possible nor sustainable to stay there
“We have followed the situation with great sorrow and unequivocally condemn the war with the entire international community, which has caused indescribable suffering to so many,” said Jukka MoisioCEO of Nokian Tires. “Our short-term focus has been to adapt to a rapidly changing, highly uncertain operating environment and to maintain control of our operations in […]
The S Group sells hotels in St. Petersburg
Keski-Suomen Osuuskauppa, or the S Group, is selling the company responsible for its Sokos hotel business in St. Petersburg. The S Group owned three Sokos hotels in the Russian city. The company is bought by two Russian investors and an IT entrepreneur, Aleksandr Jermakov and Yuri Shumakov. The purchase price and other terms of the […]
The court acquitted the defendants in Nokian Tires’ insider trading case
On Friday, the Helsinki District Court acquitted 10 defendants in a criminal case against the CEO of Nokian Tires and other executives suspected of inadequate disclosure of information to the stock market. The charges included gross misconduct and insider trading. The case was related to a scandal in 2016 that revealed that tire inspection tests […]
The Court of Appeal upheld the verdict of the driver of the crash, which demanded three people
The Turku Court of Appeal upheld a lower court ruling against an 18-year-old man for his involvement in a car accident that resulted in the deaths of three people and increased his prison sentence. The Pirkanmaa District Court sentenced the defendant to five and a half years in prison last October when he was found […]
Finland is advancing to the finals for the first time at home
After winning the United States on Saturday, the Finnish men’s hockey team will play in the IIHF World Championship finals at Tampere’s Nokia Arena on Saturday. This is the first time that Lions in Finland will play in the hockey finals, Olympic or IIHF in Finland. Finland has previously hosted the IIHF World Championships seven […]
Wednesday Magazines: Turkish Requirements, Bedrock Bunkers and Hockey Nest
Parliament approved the country’s NATO application on Tuesday, but Finland is not yet a member of NATO. Finland’s application has yet to be ratified by the parliaments of all 30 NATO members, and applications from Finland and Sweden could become a political horse trade. President of Turkey Recep Tayyip Erdoğan has said that his country […]
Start-up entrepreneurship became a goal in post-Nokia Finland: In the dissertation
In recent years, startups have become familiar to Finns thanks to the Slush startup event and successful Finnish companies such as Rovio, Supercell and Wolt. Startup entrepreneurship seems to many to be a passionate, creative technology entrepreneur who is renewing the Finnish economy and entrepreneurship. However, Henri Koskinen’s dissertation in the field of sociology shows […]
Finnish Paulig sells Russian operations
Finnish coffee brand Paulig has sold the shares of its Russian subsidiary to a local private investor, the company said in a press release on Thursday. Paulig’s operations in Russia included the coffee roastery in Tver and the employment of about 200 employees, all of whom will be transferred to new owners. The value of […]
Prime Minister Modi’s meeting with Nordic countries to strengthen partnership in blue economy, clean technology, 5G
Copenhagen [Denmark]May 4 (ANI): Prime Minister Narendra Modi’s bilateral meeting with the Nordic countries – Denmark, Finland, Iceland, Sweden and Norway will strengthen the partnership in the blue economy, clean technology, geothermal energy and 5G. In a special briefing by Foreign Minister Vinay Kwatra on Prime Minister Modi’s visit to the Nordic countries, held at […]
Finnair makes ninth consecutive loss-making quarter, announces cost cuts
However, the change is twofold, as a coronavirus pandemic that has eased its grip has led to the normalization of travel in southern Asia – India, Singapore and Thailand, as well as Europe and the United States. “Over the past two years, Finnair has faced two major disruptions on a historical scale: the global pandemic […]
Objectives of the Finnish Startup Community for the next government program: cryptographic legislation, platform economy and climate starters
The objectives are divided into seven main themes, under which the community has listed more concrete proposals and ideas for decision-makers. The new goals range from reviewing the legislation on the platform economy to adding English-language school places to Finland. In addition, the community emphasizes opportunities to provide more support for Finnish climate technology, create […]
Tuesday’s newspapers: Russia’s gas unloading, parliamentary support for NATO and royal visit
Russia’s invasion of Ukraine has shifted the debate around energy in Finland, as much of Finland’s energy needs are sourced from Russia. Li AnderssonChairman of the Left Alliance and Minister of Education, spoke to Iltalehti paradox that Finland finances the Russian military machinery. "Europe will continue to fund Putin’s military operations and the Putin administration […]
Nokia announced its withdrawal from Russia
“Reversal is a very complex operation. It has required careful planning because we have also had to consider the safety of our employees, ”he said. Nokia pointed out press release that it has suspended deliveries, closed new business and started its limited research and development activities in Russia in recent weeks. “We can now announce […]
Nokia withdraws from Russia
Finnish network technology company Nokia has announced that it will leave the Russian market due to Russia’s ongoing invasion of Ukraine. "In recent weeks, we have suspended deliveries, closed new business and relocated our limited R&D operations from Russia. We can now announce our exit from the Russian market," the company said in a statement […]
Nokian Tires: New sanctions "significant effect" Russian operations
Nokian Tires Finland on Monday said that the EU’s new sanctions on Russia would significantly hamper its operations in the country and that it would accelerate investment plans for new production capacity in Europe. The tire manufacturer has been criticized for its decision to continue operations in Russia, while many other international companies have ceased […]
New EU sanctions restrict Nokian Tires’ imports from Russia
Finnish tire manufacturer Nokian Tires said on Saturday that its tire production in Russia would be subject to new EU sanctions and a ban on imports into the EU. The announcement came as Prime Minister Sanna Marin (SDP) said all Western companies must leave Russia. "We are currently examining new sanctions in detail and will […]
Finnish startup community: Four percent of GDP for research and development
In the economic environment overshadowed by the COVID19 pandemic and the war in Ukraine, the Finnish government’s decision to invest in research and development (R&D) also brings confidence in the future among startup entrepreneurs. “This was also the case during the recession of the 1990s, when we were able to gather the results of the […]
Explanation: Almost two-thirds of Finns boycott Finnish companies in Russia
Two-thirds (66%) of women and 60% of men expressed a willingness to boycott such products and services. Those over the age of 35 were particularly willing to show resentment at operating in a war-torn country, while those between the ages of 18 and 24 did not blame such operations, as about half were ready and […]
Planetary health, shrinking wild salmon stocks and the happiest country in the world: Finland in the World Press
The Snowchange team taught the villagers about the area, its wetland ecosystem and how best to take care of it. The Milky Way wetland was successfully regenerated, creating a safe haven for biodiversity and at the same time transforming the wetland over time from a carbon source to a carbon sink. Prior to the project, […]
NOW: Nokia is playing "key position" enabling Russian cyber espionage
The Finnish telecommunications company Nokia provided equipment and services that allow the Russian state to monitor the activities of its citizens, e.g. "the most powerful tool for digital surveillance"According to a New York Times report. In an extensive articleNOW described how a Finnish company played a "key position" In merging the System for Operative Investigative […]
Most of Finland’s highly educated people abroad have experienced discrimination in their job search and work
says Mika Sallinen, Country Director of Universum Finland, an organization focusing on employer image research and development. A joint study by Universum and the City of Espoo also revealed that the biggest challenges in job search are related to employers’ requirements for proficiency in the mother tongue of Finnish. “The survey was answered by almost […]
Nokian Tires: Streamlining production in Finland and the USA, but staying in Russia
Finnish tire manufacturer Nokian Tires said on Tuesday that it plans to increase production at its domestic and US plants, but will continue to produce passenger car tires at its plant in Russia. Nokia faced a public backlash after saying it did not intend to suspend operations in Russia, as many other international companies have […]
Nokian Tires shares will fall 13% after the company decides to stay in Russia
Joonas KorkiakoskiAn analyst at Inderes wrote on Friday that Nokian Tires said in a call that it expects supply to exceed demand as a result of the withdrawal of competing tire manufacturers such as Bridgestone, Continental and Michelin. “The company didn’t really say it would benefit from the situation, but it was an analyst observation […]
Nokian Tires’ shares will fall after the decision to stay in Russia
Nokian Tires’ share prices fell more than 14 percent on Monday afternoon compared to Friday’s closing price. Last Thursday, the tire company told analysts it plans to continue production in Russia, although many of its competitors announced their intention to suspend operations in Russia in response to its February 24 attack on Ukraine. Helsingin Sanomat […]
Nokia, VTT Finland’s leading patent application list
Last year, the online company Nokia filed by far the largest number of patent applications in Finland, the National Board of Patents and Registration said on Sunday. Nokia Technologies filed 223 applications and Nokia Solutions and Networks 58. Together, they applied for 281 patents, compared to 259 the previous year. Previously, Nokia, the world’s largest […]
Sanctions will bring Helsinki’s largest arena to the center of controversy, and events could move to Tampere and Turku
The future of Helsinki Hall, the largest concert venue in the Helsinki metropolitan area and a major sports field, is in the dark as the Russian shareholders of the company that owns the arena rose to the Western sanctions list. As a result, the Finnish event organizers have suspended cooperation with the arena operator. During […]
Fazer and the S Group’s latest Finnish companies are withdrawing from Russia
“We see no solution but to withdraw from Russia” said Christoph VitzthumPresident and CEO of Fazer Group. “Russia’s attack on Ukraine is an aggression with tragic consequences throughout the region. We have a number of stakeholders and serious consequences to consider, which has not allowed us to break out as we would have liked. We […]
Finnish companies will withdraw from Russia as the Ukrainian conflict continues to shake the stock market
Several Finnish companies have suspended their operations in Russia due to the occupation of Ukraine. Nokia announced on Tuesday that it would stop deliveries to Russia. According to a Reuters report, the Finnish telecommunications company said the transfer was a way to comply with sanctions imposed on the country. Helen, an energy company owned by […]
Finnair’s share price collapses when Russia closes airspace
The national airline Finnair, which recently announced that it was recovering from the pandemic recession, suffered a setback again on Monday. As expected, Russia banned planes from entering the airspace from Finland or other EU countries. This means that Finnair’s profitable Asian routes have to make long and expensive detours. The day after the EU […]
Nokian Tires reveals the members of the large jury of the innovation challenge of sustainable development
Anke Blume (Prof. Dr.) is the Director of Elastomer Technology and Engineering at Universiteit Twente, the Netherlands. Thiemo Fleck is the managing director of auto motor und sport professional, a well-known German car magazine with extensive international distribution. Inka Mero is the CEO and founder of the deep technology private equity fund Voima Ventures I […]
Friday’s newspapers: EU guarantees, Nokia’s success and Mustonen’s return
Security policy has been in the news recently, and the security situation with Finland is being discussed with the United States, Russia and NATO, among others. On Thursday, it was the turn of the European Union to chair the EU Commission Ursula von der Leyen came to Helsinki to meet the Prime Minister Sanna Marin […]
