Tag: Price
Only 17 percent of Finns live within their budget
According to the study, 46% of Finns report that they create a budget for their finances, but only 17% follow it closely. At the same time, 29% create a budget but do not monitor its implementation. Unexpected one-time expenses can strain the finances of ordinary citizens, while in recent years we have seen unexpected expenses […]
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 […]
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 […]
The German economy will stop in 2023
“When the gross national product contracted by another 0.2 percent in the first quarter, the economy will recover during the next year. Rising real wages from the middle of the year at the latest will support the German household, says ifo’s economist. Timo Wollmershäuser. Positive factors are the considerable increase in wages in collective agreements […]
No end to above-average inflation – Danmarks Nationalbank
Inflation will not return to normal next year, predicts a new Danmarks Nationalbank forecast. Last fall, its experts said they expected inflation to fall steadily in 2023 to the extent that in 2024 it would be little more than 1.7 percent — an estimate more or less in line with the so-called Vismænd (wise men’s), […]
Novo Nordisk will lower its insulin prices in the US
Pressure from PrezNovo Nordisk said it would cut the price of its insulin products by up to 75 percent – products to be included in the price cut include Levemir, Novolin, NovoLog. The issue of pharmaceutical companies overcharging for their products reached the halls of the White House, where President Biden called on pharmaceutical companies […]
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. […]
That is why the politicians refuse to lower the price of food
Economic commentator Kristian Ã…ström tells the story of how Swedish politicians have so far stayed away from controlling food prices. But in the 70s it was different. Then a group of housewives from Skärholmen managed to get Prime Minister Olof Palme to listen and lower the price of food. The news podcast Today’s Eco brings […]
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 […]
Inflation accelerated to 8.8 percent in February, food prices rose by 16 percent
Prices of staples such as sugar, flour, butter and eggs are rising rapidly, with inflation for all well over 30 percent compared to February 2022.
Tuesday’s papers: Sanna Marin and destroyers, tax warning and the price of coffee
Sanna Marini’s visit to Kyiv continues to raise the Hornet’s nest.
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.
The production of meat, milk and eggs fell in Finland last year, when inflation forced the closure of farms
Some of the price pressure on farmers was related to the war in Ukraine, but some started well before Russia’s attack last year, says Luonnonvarakeskus (Luke).
Facebook parent Meta is planning to launch a Twitter competitor
“We believe there is an opportunity for a separate space where content creators and public figures can share timely updates about their interests.” A representative said the company had no additional information to share about the potential social network. News site Moneycontrol was the first to report on the possible Meta service, codenamed “P92”. The […]
A new study shows that women suffer from chronic stress more often than men in the Nordic countries
According to the study, the biggest difference between men and women experiencing chronic stress was in Sweden, where 50% of women and only 36% of men experienced long-term stress. In Denmark, both men and women experienced the least amount of stress, but there was still a clear difference between the sexes. The study found that […]
Three out of four Finns want increased Kela compensation
It is worth noting that those with the lowest income are the most willing to use significantly more private health services if they are reimbursed for a significantly larger share of the visit costs. “Kela reimbursement is very cost-effective. A Kela-reimbursed visit is significantly cheaper for the public sector than a visit to a health […]
The gender pay gap among entrepreneurs in Finland continues, and female entrepreneurs earn 85 percent of male entrepreneurs.
Data collected over the last five years from 2018 to 2023 showed certain positions where female entrepreneurs earn more than male entrepreneurs. Women in creative fields such as writers, musicians and directors have successfully priced their work higher than men. These findings show that female entrepreneurs work in different fields, unlike their male counterparts who […]
Hypo: A new incentive trap makes it difficult to sell housing in Finland
“Swapping your home usually means swapping the collateral, and you can’t bring the fixed interest rate you previously negotiated to another bank. By postponing the decision to move, you can save hundreds per month,” the review reads. The trap already touches a million people, because the sharp rise in reference interest rates has made the […]
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 […]
Electric car manufacturer Polestar will not participate in price wars, the loss for the fourth quarter is reduced
GOTHENBURG, Sweden: Electric vehicle maker Polestar said it would not engage in a price war, despite falling demand forcing some of its rivals to curb output, stressing it will maintain its 2023 production plan. It also announced a lower-than-expected quarterly loss. In 2023, Tesla sparked a price war, even as ongoing supply chain issues put […]
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 […]
One of Valmet Automotive’s most important customers in the near future is giving up electric cars
“It was a difficult decision” said Laurin HahnCEO of Sono Motors, “and despite over 45,000 reservations and pre-orders for the Sion, we were forced to respond to the continued volatility in the financial markets and streamline our business.” The announcement was made after the crowdfunding campaign launched by the startup to finance the production fell […]
Tuesday’s papers: The price of war, the effects of the strike and the skiing dispute
Russia’s full-scale attack on Ukraine began a little over a year ago.
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 […]
The US dollar jumps after hot inflation data
NEW YORK, Feb. 24 (Xinhua) — The U.S. dollar rose sharply in late trade on Friday as the Federal Reserve’s preferred inflation gauge turned warmer than expected. The dollar index, which measures the greenback against six major peers, rose 0.6 percent to 105.2157. In late New York trading, the euro fell to US$1.0551 from US$1.0596 […]
The mild winter causes fewer applications for electricity subsidies and tax deductions than expected
KELA published the electricity subsidy application form on January 7, 2023. During the first six weeks, only 1,449 households applied for support and only 324 received it. Especially in January, the number of positive decisions was low. “The most common reason for this has been that support has been applied for electricity consumption in 2022. […]
There are fewer electricity bill requirements and tax deductions in Finland than expected
The mild weather resulted in the price of electricity stopping in its almost vertical trajectory after the compensation plans were completed.
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 […]
Denmark scores highly for driver satisfaction
High costs for petrol and parkingThe Danes achieved an overall score of 6.06 out of 10 – a result largely driven by the quality of their road infrastructure and low levels of congestion in the capital. However, the country’s ranking was hampered by high prices for off-street parking and the highest price of petrol of […]
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 Mystery of Lincoln’s Stolen Revolvers
Cultural journalist Mattias Berg tells the unlikely story of the revolver theft, its aftermath and the extensive international police work. On April 14, 1967, President Lincoln’s revolvers were stolen from the Livrustkammaren, the museum of Sweden’s royal history, which was then located in the Nordic Museum at DjurgÃ¥rden in Stockholm. The thief took four revolvers […]
The US Dollar Falls Amid Economic Statistics
NEW YORK, Feb. 16 (Xinhua) — The U.S. dollar edged lower in late trade on Thursday as market participants digested recently released economic data. The dollar index, which measures the greenback against six major peers, fell 0.03 percent to 103.8780. In late New York trading, the euro was up at US$1.0687 from US$1.0683 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 […]
Thursday’s papers: Basic Finnish people want to postpone climate goals, invoice fraud and the increase in the price of gasoline
Riikka Purra, the chairman of Basic Finns, was the only one to state in the climate panel aimed at party leaders that Finland’s carbon neutrality goal of 2035 should be postponed until 2050.
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 […]
Less hunting and higher license fees
The Environmental Protection Agency, in an official statement published on its website, announced this year’s limit of reindeer hunting. The number of animals that can be hunted decreased compared to the previous year, while the price for a hunting license increased. This year it will be possible to hunt 901 animals, 475 females and 426 […]
The price of gasoline will not rise in Finland because of the truck drivers’ strike, traders say
The price of gasoline 95 E10 rose on Wednesday at many gas stations, but according to retailers, the increase was not due to the truck drivers’ strike.
Parmesan looters are calling on Lidl to hide the cheese
According to the regional manager of the chain, the thieves are looking for small items with a high price tag.
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 […]
Mortgage rates continue to rise – “ask for a discount or change banks”
Host:Caroline Salzinger Voices and participation in the programHenrik Braconier, Chief Economist, Financial Supervisory AuthorityChristina Sahlberg, savings economist, Compricer Claes Bäckman, researcher in National Economics, Aarhus University. Erik Thedéen, Governor of the Riksbank Carina Åkerström, CEO, HandelsbankenJens Henriksson, CEO, Swedbank Lotta Silver, Elisabeth Nordström and Annika Eriksson, mortgage customers Producer:Olof Wijnbladh Technician:Joar Jonsson [email protected]
Once upon a time there was a family
In 1991, the Abdulla family comes to Sweden after five years on the run from Saddam Hussein’s persecution. While Trifa and her siblings quickly integrate into their new country, her parents freeze in their dreams of the homeland of Kurdistan and are marginalized. Everything culminates in the summer of 1999 when Trifa is convinced that […]
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, […]
The value of exports of goods increased by 18.2 percent in 2022, the amount of exports decreased by 5.2 percent
The amount of imports increased by 0.7 percent and import prices by 24.9 percent. The value of the import of goods was 92.3 billion euros. – In international goods trade, 2022 was a year of changes. The acceleration of prices also increased international trade in goods significantly, says the director of the statistics production group […]
Denmark’s biggest hot dog lives in Odense
Only on special occasionsThe day the new sausage beast made its debut, eight brave men had the determination to devour it in its entirety – sausage, bread, cucumber salad and remoulade – in a ten-minute race. Each participant could be helped by an assistant who held the other end of their hot dog. After the […]
Tuesday’s papers: NATO speculation, food price optimism and school food innovation
Finland may soon have to make a decision about joining NATO without Sweden.
There were an “exceptional number” of protests in Helsinki in 2022
Demonstrators took to the streets to demonstrate, for example, about Russia’s attack on Ukraine, climate change, and the rise in gasoline prices.
Finnair will stop selling flights on all flights at the end of February
“Vehicle and advance purchases have become a less important service among our customers” explained Valtteri halfDirector of Finnair’s product offering. Halve reminded that the airline announced its decision to end in-flight sales on its intra-EU flights almost three years ago. The purpose of the decision was to reduce the total weight of the aircraft and […]
The Helsinki electricity company cuts the electricity bills of some customers by almost half
This spring’s price reduction applies to about a third of Helen’s 600,000 customers around the country.
OP: Finland will sink into a mild recession in 2023
“We are looking at a couple of years of interminably slow development rather than a clearly defined recession and rapid recovery,” he said. press release on Tuesday. According to OP, the recession affects the economy widely and makes it difficult for exports, private consumption and investments. The value of exports grew at an almost unprecedented […]
Finnish housing prices fell by 2.5% in December, sales fell by 38%
Although the decline was especially strong for smaller apartments, the phenomenon did not only concern them. The decrease is due to rapidly rising energy prices, reference interest rates and the cost of living in general. Finland’s most popular mortgage reference rate, Euribor 12, has risen to 3.3 percent, after last year started almost half a […]
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 […]
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 […]
Ministries: Finland’s large railway infrastructures have a big price tag, a carbon footprint
The ministries stated last week that the implementation of the projects would require substantial public sector investment, as other sources of funding, such as operator and user fees, would be relatively small compared to the required investment. Although private investors have also expressed interest in such projects, they would likely require state guarantees, leaving the […]
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 […]
We believe they are ready: USA for Sweden, Finland for NATO candidacy
“The issue of Sweden and Finland is not a bilateral issue. We have been very clear in public, and we have also been very clear in private about our views on Finland and Sweden’s NATO membership candidates. We believe they are ready, we believe they are ready. should be added to the world’s strongest defense […]
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Almost half of the Danish retailers expect to raise prices over the next three months – survey
Do you ever get the feeling that there are no bargains in the supermarkets in January because they went over-the-top in the build-up to Christmas? Discount butter to spread on duck, discount butter for a dollop of Risalamande, discount butter to mix with cinnamon for countless portions of porridge while watching the Christmas calendar – […]
Fallout from another Koran burning: How Rasmus Paludan’s actions could affect matters of enormous importance
Foreign Minister Lars Løkke Rasmussen has condemned the actions of Rasmus Paludan in Stockholm on Saturday, where he burned the Koran near the Turkish embassy. Rasmussen referred to Paludan as a “Danish-Swedish” citizen, but he is Danish-raised, and it was in Denmark that he trained and worked as a lawyer before becoming a full-time agitator […]
Israel’s Playtika has made a purchase offer for Rovio
The value of the studio’s offer is slightly more than 750 million euros. Rovio announced on Friday stock exchange bulletin which is not currently negotiating with Playtika. It added that its board is evaluating the indicative offer to decide whether and how to proceed with it. The preliminary proposal, the release reminds, is subject to […]
Ebba Busch (KD): I never promised money before Christmas
On the second of September, Ulf Kristersson (M) told and signed facebook about a joint election promise from all the party leaders in his political team. Household finances would be saved in good time before Christmas. “Everyone should know that before Christmas, you will get relief for the high electricity prices that the government has […]
Why it’s important to eat at work – even the odd cake
When England’s Food Standards Agency chief Susan Jebb recently compared eating cake at work to second-hand smoke, office cubicle walls trembled across the country. She told The times: Professor Jebb is right to criticize unstructured eating in the workplace, which can contribute to unhealthy eating. Overconsumption of unhealthy products such as cookies and processed foods […]
Market exchange rates in China — January 20
BEIJING, Jan. 20 (Xinhua) — Following are the central rates of the Chinese currency renminbi, or yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trading System: Currency unit Central parity rate in yuan US Dollar 100,677.02 Euro 100,733.61 Japanese yen 100 5.2729 Hong Kong Dollar 100 86.456 British Pounds 100,839.15 […]
Energy Agency: The price of electricity will increase by 142% in 2023
Finland pays more for electricity, but consumption has decreased.
Denmark on the podium of the world’s best countries to start a family
Children are very welcome in Denmark. In a list dominated by European countries, the Nordic countries accounted for five of the 11 best places. Enjoy Travel placed Denmark in second place on its list of the 25 best countries in the world to start a family. The website took into account education, child care, safety, […]
Market exchange rates in China — January 19
BEIJING, Jan. 19 (Xinhua) — The following are the central rates of the Chinese currency renminbi, or yuan, against 24 major currencies announced Thursday by the China Foreign Exchange Trading System: Currency unit Central parity rate in yuan US Dollar 100,676.74 Euro 100,730.44 Japanese Yen 100 5.2658 Hong Kong Dollar 100 86.487 British Pounds 100,835.38 […]
US dollar edges higher amid economic statistics
NEW YORK, Jan. 18 (Xinhua) — The U.S. dollar rose modestly in late trade on Wednesday as market participants digested a flurry of economic data. The dollar index, which measures the greenback against six major peers, added 0.004 percent to 102.3810. In late New York trading, the euro was up at US$1.0795 from US$1.0794 in […]
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 […]
The European construction industry sees weaker growth in the future
After two great years, the outlook for European housing construction has turned much darker. Construction activity as a whole will decrease by almost 3 percent in 2023–2024, but will recover slightly in 2025. In the current year, the volume of new construction will decrease by 2 percent as a result of the economic decline caused […]
Cost of attending an international school in Copenhagen on par with private education fees paid by the British in the 1980s
The cheapest international school in Copenhagen costs only 3,665 US dollars per year in fees, according to International Schools Databasewhich puts it on par with the amount typically demanded by a British private school in the early 1980s. Between 1991 and 2016, private school fees in the UK rose by 550 per cent, far outstripping […]
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 […]
Kuluttajaliitto: Taxi Act reforms cause 40 percent price increases, worse service
More and more people have complained to Kuluttajaliitto about taxi issues after the sector’s legal reforms began to affect major changes in their introduction in 2018, says the non-governmental organization. Consumers have reached out with complaints about the availability of transport, pricing arrangements and the safety of taxi service providers across the country. According to […]
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 […]
Energy company Fortum’s subsidiary Uniper applies for state support from Germany
Uniper, a subsidiary of the majority state-owned Finnish energy company Fortum, has applied for support from the German government in accordance with the recently approved energy legislation. Uniper is Germany’s largest gas importer, but it has run into financial difficulties due to restrictions on Russian gas exports. The company said in its press release that […]
Right now: Hear Per Bolund (MP) speak in Almedalen
The Green Party’s spokesman Per Bolund is the last of the party leaders to give a speech on the Almedalen stage. Earlier, the party’s second spokeswoman Märta Stenevi spoke in P1’s hearing on fuel prices, something that many expect to be a large part of Bolund’s speech today. Hear the speech directly from Almedalen here […]
Copenhagen one of the best European cities to eat cheap
Copenhagen is not known for its low prices – especially not when it comes to food. In fact, a few years ago, a report from Deutsche Bank ranked Copenhagen as the fifth most expensive city in the world for a “basic dinner at a pub in the neighborhood”. However, a new study from Opinionated About […]
The Finnish housing market is falling
OP Financial Group and Nordea Bank forecast that the rise in house prices in Finland will slow down this year and next after the exceptional growth period of 2021. According to OP Bank’s recent forecast, changes in house prices will be between -0.5 and +0.5 percentage points next year due to a slowdown in interest […]
The wealth gap is getting bigger in Denmark
Us and themAndersen cited the United States as an example where social division has promoted widespread polarization. Rising house prices are among the driving forces behind inequality in Denmark – an imbalance that is reflected in primary and lower secondary schools. Ten years ago, about 40 percent of schools had students from all levels of […]
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 […]
In April, Finland paid more than EUR 500 million for Russian imports, according to preliminary data
Compared to the previous year, however, the value of imports rose by almost 3% as a result of exceptionally high energy prices. Finland imported oil products from Russia in April for EUR 61 million, which is a drop of almost EUR 90 million compared to March. The value of crude oil imports fell from EUR […]
Customs: Finland’s imports from Russia halved in March-April
The value of imports from Russia to Finland fell by 47 per cent in April compared with March, according to a statement issued by Customs on Tuesday. This was about half a billion euros less when Finland paid for imports to Russia in April, compared to just under a billion euros in the previous month. […]
Gather about the campfire: Danish camping on its way to another record in 2022
Visitors and inflationary pressuresThis year, due to the relaxed travel restrictions, Isaksen said that an increase in foreign visitors also contributes to this year’s record numbers. Isaksen also attributed inflation and rising fuel prices to the trend, noting that many more are choosing an affordable camping holiday at home rather than an expensive trip abroad. […]
The crisis of the cities
Around half of the world’s population now lives in cities around the world and urbanization is moving fast – in just a few decades, that figure is expected to be up to 70%. But at the same time as this development is taking place, the economic centers of cities are becoming more and more expensive. […]
High fuel prices are the latest groundbreaking for vulnerable SAS
It all hangs in the airCurrently, the Danish and Swedish states both own 21.8 percent of SAS. But in an attempt to relieve its debt, the airline is seeking to transfer DKK 14 billion in debt to SAS shares – something the low-budget competitor Norwegian has done in the past. As a part of its […]
YIT will withdraw from all operations in Russia through the sale of the businesses
Although the closing process took longer than initially estimated, the transaction was completed in accordance with the agreed sale price and other terms. The full financial effects of the transaction will be disclosed in YIT’s semi-annual report. Markku Moilanen, YIT’s President and CEO: “We are very pleased to announce that the transaction has been completed. […]
Russian oil embargo will maintain high gasoline prices
May extend into 2023“The typical citizen will have to get used to the high gas prices we have seen this year continue in the coming months or through the rest of the year,” This is what commodity analyst Jens Nærvig Pedersen at Danske Bank says, according to Avisen Danmark. The EU agreed to phase out […]
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. […]
Despite a strong labor market, demand for food aid is growing
Food queues have lengthened, although employment has risen to record levels since the pandemic subsided, the STT news agency reported on Sunday. By Reetta Nickproject manager Foodaid.fi rising service prices are causing problems for households with insufficient incomes to cover spending. Foodaid, run by a non-church agency, provides information on food aid events and local […]
Latvia: If Ukraine loses, we are next
Latvia’s Defense Minister Artis Pabriks called on partners to increase support for Ukraine so that they do not have to defend Latvia later, the Delphi portal reported. “Ukraine is now fighting our war – and if it loses, the next one will come and we will pay the price for it,” Pabriks said. He added […]
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, […]
Tundra among four teams to advance in the ESL One Stockholm playoffs
The playoff Stage of ESL One Stockholm started on Monday in Sweden when Tundra Esports, Thunder Awaken, TSM and Gaimin Gladiators advanced with victories in the quarter finals in the upper class. The four losing clubs – Team Spirit, BetBoom Team, OG and T1 – ended up in the lower console. All playoff games are […]
NATO decisions are approaching, everyday on the Ukrainian front and they are paying the price for the shortage of nurses
NATO membership, the decision will soon be made How will the Baltic Sea area be changed by that? Three experts in Sweden, Finland and Estonia comment. The students will soon run out The first batch of students get to run out after the pandemic, it is for many a great joy. The tradition is intact, […]
