Tag: Statistics Finland
YLE: The price of food in Finland rose by more than 16% in February from a year ago
Food prices rose by 16.1 percent in November-December. The steepest annual increase in food prices was observed almost six decades ago, in 1964, when food prices rose by an average of 12 percent. In February, the prices of sugar, flour, butter and eggs rose by more than 30 percent from the previous year. The coffee […]
Statistics Finland: GDP grew by 2.1 percent last year
Households spent more money than they saved in 2022, Statistics Finland’s figures showed.
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. […]
Finland’s economy shrinks in two consecutive quarters: Expert analysis
According to the latest data from Statistics Finland, the country’s gross domestic product (GDP) shrank by 0.6% in the last quarter of 2022 compared to the previous quarter, which is significantly worse than previous estimates. Just two weeks ago, Statistics Finland predicted that GDP would shrink by 0.2 percent. Despite this, GDP for the whole […]
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 […]
Etla: Finland should almost triple the net migration gain to 44,000
Statistics Finland has estimated that the annual net migration gain is currently around 15,000 people, and work-based immigration makes up the majority of immigration. Aki KangasharjuCEO of Etla, stated to STT on Friday. If immigration and emigration continued at the previous pace, the working-age population would shrink by almost a fifth by 2050, Etla warned. […]
In Tampere, the population grew by almost 5,000 in 2022
The positive development is due to the benefits obtained from internal migration and immigration, as the number of births fell below the number of deaths for the first time in 30 years. The city of Tampere has drawn up a demographic plan that reflects its expected and desired population development until 2040. Ahlgrén-Holappa said the […]
Historically, a lot of people died in Finland and few people were born in 2022
The number of deaths was particularly high in January (5,864) and December (5,820), but low in June (4,519). Life expectancy for newborn boys fell by 0.5 years to 78.6 years and for girls by 0.6 years to 83.8 years in 2022, which is a new low since 2017 and 2013. According to Statistics Finland, such […]
The real earnings of employees fell by six percent in the third quarter of 2022
According to Statistics Finland, the decrease in the value of wages was the largest in 60 years.
Background report of the Norwegian Economic Council: Flat-rate transfers are the most effective way to deal with unequal fuel taxes for low-income households
However, the tax burden is higher for low-income car-owning households. The Economic Policy Council’s new background report analyzes different compensation models. The report was written by a doctoral researcher Selina Clarke and empirical analysis by the researcher Kimmo Palanne. “In summary, a flat-rate transfer would compensate for the costs to low-income households, but it would […]
Consumer sentiment in Finland falls to a record low in December
The indicator had reached its previous low in September. Almost four out of ten consumers (38%) this month estimate that their financial situation has deteriorated over the past year. Conversely, only 16 percent estimate that their financial situation has improved since December 2021. Research data also shows that consumers are unprecedentedly cautious when buying durable […]
Consumer confidence falls to a new record
Respondents to Statistics Finland’s monthly Consumer Confidence Indicator (CCI) reported concerns about their own financial situation as well as the threat of layoffs.
Income differences in Finland clearly increased from the previous year in 2021
The country’s income differences were at their lowest in the mid-1980s, when the coefficient was 20.3 percent in 1987. They grew rapidly, especially in the second half of the 1990s, when the coefficient rose from 22.2 percent in 1995 to 28.4. in 2000. However, the differences in the global comparison are moderate. The Gini coefficient […]
952 people died from the coronavirus and six from a reaction caused by the covid vaccine in Finland in 2021
Most of those who died from the coronavirus were elderly people, and the highest number of deaths were between the ages of 85 and 89. Pajunen adds: “Although the majority of those who died from the coronavirus were elderly people, the dead were younger than the previous year.” According to the Statistics Finland report, six […]
YLE: Wealthy households use much more electricity than poor ones
VATT discovered the difference when comparing location-specific electricity consumption data obtained from Fingrid’s Datahub and background data from Statistics Finland’s households. Iivo VehviläinenA senior researcher at Aalto University stated to the public broadcasting company that the data supports the assumption that high-income households consume more electricity than low-income ones. However, the differences are surprisingly large. […]
Drug deaths reached a record number in 2021
According to Statistics Finland’s annual mortality figures, about 950 people died from covid last year.
We must act for happiness in the happiest country
One can joke that in Finland we hide this happiness deep inside us so as not to annoy our Swedish neighbors. Other more rational voices argue that the happiness index does not measure happiness! Rather, it measures the confidence we have in the future and the extent to which we worry about what may or […]
The Finnish government is accused in the complaint of not complying with the Climate Act
Initially, the erosion of carbon sinks caused by intensive logging and the slowing down of forest growth weakens the basis of national climate policy. Greenpeace and SLL believe that the government has unlawfully neglected its duty to assess the need for additional measures and initiate a process to strengthen carbon sinks, which has jeopardized its […]
The increase in employment is a welcome sign that the recession has not yet started in Finland
Statistics Finland also revised its estimate of the previous month’s trend, raising it from 73.8 percent to 74.1 percent. The trend of the unemployment rate remained at 6.9 percent, while the number of unemployed decreased by approximately 2,000 to 162,000. Jukka AppelqvistThe chief economist of the Chamber of Commerce estimates that the results of the […]
HS: Experts confirm that a fall in housing prices is likely in 2023
Ilkka LehtinenA retired actuary from Statistics Finland told Helsingin Sanomat that the forecast may be too cautious. According to him, the sale of apartments in old housing associations increased by 49,000 units in the first three quarters of the year, which corresponds to the level of 2019, but was approximately 14,000 sales less than the […]
In Finland, undeclared work can amount to 1.4 billion euros per year
The total amount of undeclared work in Finland is at least 900 million, but can reach up to 1.4 billion euros annually. These are some of the conclusions of the reports made by the Gray Economy Information Unit. – Illegal work causes large losses, both in the form of taxes and uncollected social insurance contributions. […]
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 […]
Finland’s coal consumption will increase by 8 percent
Coal-fired electricity and heat production increased by eight percent during the first nine months of this year, says the Statistics Finland.
Housing prices continue to fall, Hypo’s chief economist says
Compared to the third quarter a year ago, prices fell by 1.7 percent in July-September, according to preliminary data from Statistics Finland.
Report: Finland on a narrow path towards carbon neutrality by 2035
Although, according to the climate report, the country could barely achieve its goal of carbon neutrality by 2035, the task looks even more challenging given the recent reduction in carbon sinks due to high logging rates and slowing forest growth. “In terms of emissions, we are progressing towards a carbon-neutral Finland in 2035. However, in […]
Renting apartments is becoming more common in Finland
According to Statistics Finland, renting became more common after the 2007–2008 financial crisis.
Statistics show that the remaining life expectancy of 65-year-old Finns has decreased
“It hasn’t happened in over 30 years either” highlighted Joni Rantakari, senior statistician from Statistics Finland. Life expectancy in Finland has developed more positively in the longer term. The remaining life expectancy for men aged 65 has increased by 4.7 years and for women by 4.2 years since 1990. Information show that the life expectancy […]
September inflation 8.1%, real earnings fell 4.5%
According to Statistics Finland, inflation in the euro area was 10 percent last month.
YLE: The decades-long growth of Finland’s forests is slowing down and threatening climate goals
Luke stated a year ago, the growth has slowed down to 103.5 million cubic meters per year, which is a drop of a couple of percent from its previous estimate. Statistics Finland, on the other hand, revealed earlier this year that land use, land use change and forestry seem to have become a source of […]
The median monthly income in Finland is 3,400 euros
The median full-time salary in Finland was 3,314 euros last year, which, according to Statistics Finland, will be 3,228 in 2020.
The majority of Finns would reduce logging in order to achieve climate goals, says the study
Supporters of the Green Alliance, the Left Alliance and the Social Democrats were particularly likely to agree with the statement. The share of respondents who agreed with it was more than 40 percent also among supporters of the Center and the Coalition. Logging has harmful effects on the climate, especially by reducing carbon sinks, which […]
THL: Finns are gaining weight, diabetes is becoming more common
According to the Finnish Institute of Health and Welfare (THL), the risk factors for several common diseases have decreased in people living in Finland over the course of 20 years. But obesity remains a major concern. The number of obese people in the country is predicted to increase in the future, according to a study […]
Report: Vacancies increased by 40% from a year ago
The number of open jobs in Finland has increased significantly in the second quarter of 2022 compared to the corresponding period last year, says the Statistics Finland in a report published on Wednesday. There were more than 72,000 open jobs in the second quarter of 2022, compared to 51,100 last year. However, the recruitment difficulties […]
Consumer prices in Finland rose faster than expected in July
“It was expected that the sharp drop in the price of gasoline would at least moderate July’s average inflation to some extent. That didn’t happen, because especially the rise in electricity and food prices tipped the scales in the other direction,” he analyzed. press release on Monday. “Broad-based upward price pressure has not disappeared, although […]
Inflation in Finland is almost 8 percent in July
The general price level in Finland rose by 7.8 percent year-on-year in July. The last time Finland’s inflation was at the same level was in the 1980s. The latest increase follows a general inflationary trend that is being accelerated by the lasting economic effects of Russia’s invasion of Ukraine. On Monday, Statistics Finland published July’s […]
Monday’s papers: Income differences, living in Helsinki, petrol prices
The incomes of many low-wage workers have not kept pace with the rising cost of living in the city, Helsingin sanomat newspaper report on Monday. There are currently more than 15,000 people receiving Kela’s general housing allowance in Helsinki, whose only source of income, according to HS, is salary or business income. This means that […]
Fuel prices are falling, diesel is below €2 in some places
The prices of liquid fuels continued to fall last week, according to Statistics Finland. According to the number cruncher, the average price of diesel per liter in Finland last week was 2.17 euros, while the previous week it was 2.21 euros. In some areas of Finland, the price of a liter fell below two euros […]
Finnish growth companies: Business subsidies should be redirected to research and development
R&D allocations in the state budget have recently increased. Source: Statistics Finland In the opinion of the Finnish Startup community, the goal is worthwhile, although not sufficient. Increasing R&D spending is easier by enabling and promoting the activities of the companies involved. New jobs are created in new growth-oriented companies. Solutions for long-term economic growth […]
The prices of small houses fell in Helsinki in June, according to preliminary data
In June, according to the data, the prices of condominiums in Helsinki fell by 1.2 percent from a year ago and in the capital region by 1.9 percent from a year ago. On the other hand, the prices of apartments with at least three rooms rose by 1.4 percent in Helsinki and by 2.1 percent […]
In Finnish cities, housing price growth is slowing down
According to Statistics Finland, the increase in the prices of the old housing stock in Finnish cities has slowed down. According to the agency’s preliminary data, the prices of old apartments belonging to housing stock companies rose by 1.7 percent year-on-year in the second quarter. Apartment prices rose by 2.3 percent excluding larger cities and […]
Finns have never been as pessimistic about their own economy as they are today
Almost a third of the respondents were worried about their financial situation deteriorating in the next 12 months. Instead, more than a fifth (22%) of respondents expected their financial situation to improve. Pertti KangassaloThe leading statistician of the Statistics Finland, emphasized that in general – and as recently as last winter – almost 30 percent […]
The overnight stays of foreign tourists in Finland quadrupled from last year
According to Statistics Finland’s accommodation data, the number of overnight stays by foreign tourists in Finland was four times more in June than in the corresponding month of the previous year. The majority of foreign tourists were from Germany, the United States and Sweden. The number of domestic passengers increased by eight percent in the […]
A citizen’s initiative on controlled drug use rooms headed to the parliament
The citizens’ initiative, which calls for the trial of supervised drug use rooms in Finland, has reached the required 50,000 signatures and has moved to parliament for consideration by members of parliament. The initiative, which advocates for facilities as a way to reduce drug deaths, received the necessary support in less than six months. In […]
The employment situation in Finland continued to improve in June
Although the number of unemployed people decreased by 21,000 from the previous year to 200,000, the unemployment trend crept to 6.4 percent. Statistics Finland announced that it has also updated its employment statistics for May, according to which the trend of the unemployment rate was 6.3 percent instead of the previously reported 6.1 percent. The […]
The trust of Finnish consumers "the darkest in history" in July
According to Statistics Finland, Finnish consumer confidence fell to a new low in July. The agency said expectations for consumers’ personal finances were "darkest in measuring history." The Consumer Confidence Indicator (CCI) was -15.9 in July, which marked a decrease from the CCI level of -14.3 in June and -11.6 in May. The number-crunching agency […]
Electric "giveaway" in windy Finland; the price of gasoline is going down
The average price of electricity has dropped on Tuesday to only about 0.7 cents per kilowatt hour (kWh), says the Nord pool electricity exchange. On Tuesday, prices fell to their lowest point of less than 0.2 cents per kilowatt hour. On Monday, the average price of electricity on the stock exchange was around 16.2 cents/kWh. […]
More women in the workforce than last year
There were 52,000 more jobs in June than a year earlier – and almost all of them were women. The number of employed men, on the other hand, remained almost unchanged, Statistics Finland said on Tuesday. In June, the employment rate rose to 76.9 percent from 75.8 percent in mid-2021. Picking strawberries with Konginkanga in […]
Parliament is discussing the initiative on testing drug use rooms
The rooms would allow the use of illegal drugs under the supervision of health professionals, ensuring that users experiencing complications can get help without delay. They are also believed to reduce public disturbances and reduce the amount of drug paraphernalia thrown into public spaces. The Institute of Health and Welfare (THL) estimated in January that […]
Half of Finns have changed their everyday life because of inflation, according to HS research
More than four out of ten (42%) respondents answered that they have not resorted to any of the options to protect themselves against inflation. Almost a third (32%) of the respondents stated that they had reduced their mobility to mitigate the effects of inflation. Just over a quarter (26%) of respondents reported cutting back on […]
The oldest Finn dies at the age of 110
Finland’s oldest person, Astrid Qvist, died Monday evening, July 18. Qvist’s Covid-19 test was positive a few days earlier. Qvist also had underlying medical conditions. Qvist, who turned 110 in March, died in his hometown of Närpie on the west coast of Finland. His niece, Ulla Mangsvisited him a few weeks ago. "He was in […]
In Finland, the birth rate will be at a record low in the first half of 2022
According to Statistics Finland, the baby boom seen in Finland in the last couple of years seems to have come to an end. But with more people immigrating to the country than leaving the country, the country’s population continued to grow despite the increase in deaths. In the first half of this year, the country […]
Party lines divide support for drug use rooms
The attitude towards the establishment of drug consumption facilities varies greatly between Finnish parties, stated the Institute of Health and Welfare (THL) in a recent survey. At the beginning of July, the health agency announced that overdose deaths are on the rise in Finland, which rekindles the debate on methods to combat drug abuse. Between […]
STT: Finnish consumers are weakening as taxi prices rise, availability is limited
Juha Beurling-PomoellThe operational director of the consumer association told the news agency last weekend that the reform has left consumers in an unequal position by favoring urban consumers who can compare prices and use mobile applications comfortably. “They can exercise power, compare and choose the service they want in the cities. However, the most vulnerable […]
As usual with drugs in Helsinki "Amphetamine square" squeezing
Yle recently visited the infamous Vaasanpuistikko in the Kallio district of Helsinki – also known as Piritori ("Amphetamine square" or "Speed ​​Square") — to study the effects of last spring’s police crackdown on substance users who gather there. Local residents have been complaining for decades about unrest caused by open drug use in the square […]
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 […]
Inflation in Finland accelerates to 7.8 percent in June
“Since last December, the prices of food and non-alcoholic beverages have increased by 10 percent, light fuel oils by 76 percent, diesel and gasoline by 42 percent, and electricity by 22 percent – in no more than six months,” comment Kristiina Nieminensenior statistician from Statistics Finland. Consumer prices are also rising rapidly in other parts […]
Finnish inflation approaches 8 percent in June
Inflation continued to grow in June and rose to 7.9 percent, according to Statistics Finland. In May, the corresponding figure was 7.0 percent. The upward trend was especially reflected in energy and food prices, says the number cruncher. "Since December of last year, the prices of food and non-alcoholic beverages have risen by 10 percent, […]
The left-wing coalition gets little support for the “millionaires’ tax” proposal
The information service of the Parliament’s library calculated the tax revenue for the party by more than 500 million euros at 0.5 percent interest. The Left Alliance argued that the tax would be a way to narrow the growing wealth gap in Finland, and highlighted that the richest 10 percent have almost half (49.6%) of […]
Minister Lindén does not support controlled drug consumption facilities
Minister of Family and Social Affairs Aki Lindén (SDP) said that he does not believe that controlled drug consumption facilities are the answer to the increase in drug-related deaths in Finland. Lindén told Yle that even if the experiment of such facilities could provide valuable information, it would probably require the preparation of legislation in […]
In Finland, the prices of gasoline and diesel have fallen
Fueling drivers’ tanks with gasoline and diesel became cheaper last week compared to recent fuel prices. The average price of a liter of diesel fell to 2.36 euros last week, while it was 2.53 euros the previous week. According to Statistics Finland, a liter of 95-octane gasoline cost 2.40 euros last week, while it was […]
Gas prices will fall slightly during Midsummer
The average price of petrol in Finland fell during the Midsummer week after the steady rise in Russia’s occupation of Ukraine and the deepening of inflation. According to Statistics Finland, the average price per liter fell to 2.55 euros during the week. The price of diesel, on the other hand, rose slightly to € 2.49 […]
Consumer confidence in Finland plummeted to a historic low in June
Consumer confidence was at its lowest in June since the survey began in 1995, according to a recent survey by Statistics Finland. Expectations of one’s own and Finland’s economy during the year were quite strict, the most pessimistic in the history of research. Respondents estimate their own finances to be weak after a year. There […]
Despite the downturn, there are no signs of a recession in Finland’s employment data
Statistics Finland on Tuesday reported The number of employed persons increased by 61,000 year-on-year to 2,641,000, while the number of unemployed decreased by 68,000 year-on-year to 227,000 in May. The trend in the employment rate was at a record high of 73.9 per cent and in the unemployment rate at 6.1 per cent. Juho KeskinenAn […]
Eurostat: Alcohol prices in Finland the highest in the EU last year
In Finland, the prices of alcoholic beverages were the highest in the EU last year, according to a price comparison program coordinated by Eurostat, the European Union’s statistical office. According to the study, the price of alcohol in Finland was 120 per cent higher than the EU average in 2021. This is a significant increase […]
Employment continued to rise in May
According to Statistics Finland, the employment rate rose and unemployment continued to fall in May. Employment rose by 73.9 per cent and unemployment fell to 6.1 per cent. Earlier in February this year, the employment rate rose to 74 percent, a record high. In February, however, unemployment was 6.8 per cent. According to the Number […]
Air travel in May is showing signs of recovery
About 1.3 million passengers flew through Finnish airports in May, Statistics Finland revealed. report. This is 17 percent more than the previous month. About 80 percent of passengers traveled abroad, compared to 20 percent of domestic passengers. Helsinki-Vantaa Airport welcomed 87 percent of all passengers flying in May. Although air tourism has begun to recover […]
Many entrepreneurs earn less than 2k
About 44 per cent of part-time self-employed people in Finland reported earning less than € 2,000 a month. This is how the survey conducted by Finnish Entrepreneurs in the SME lobby every three years shows. However, the study suggests an increase in the wages of sole proprietors. About 36 per cent of full-time entrepreneurs reported […]
Climate panel chair: A new emissions plan is urgently needed due to the loss of carbon sinks in forests
Markku OllikainenThe chairman of the climate panel warns that the government’s commitment to making Finland carbon-neutral by 2035 is slipping out of reach. This follows last month’s news that, for the first time in history, Finland’s entire land use and forestry sector (officially known as LULUCF) has become a source of net emissions. Ollikainen, Research […]
Inflation will accelerate to 7% in May, the highest in 30 years
Inflation in Finland has risen to its highest level in more than 30 years and was 7.1 per cent in May. Statistics Finland’s recent consumer price index also found that inflation had accelerated significantly since April, reaching 5.7 per cent. According to the number crusher’s report, the acceleration in inflation was due to, among other […]
HS: Rents in Finland may jump this year due to a common clause in the leases
Contracts may also include a clause linking the increase to the consumer price index and setting a minimum annual increase. Anne ViitaThe Chief Operating Officer of Suomen Tenants told Helsingin Sanomat on Monday that in the latter case, the minimum increase is typically about three percent. Some leases stipulate that the rent must be reviewed […]
Demand for mortgages has fallen in Finland, according to a barometer
The Russian war in Ukraine has shaken consumer confidence in the economic situation. The barometer results also reflect widespread expectations of rising interest rates as a result of rising consumer prices. “Russia’s military action in Ukraine creates a climate of general insecurity in Europe”, Mariia SomerlaSenior expert in Finance Finland, said To Helsingin Sanomat. “Rising […]
The cabinet provides fuel subsidies to transportation companies
The Finnish government has proposed temporary fuel subsidies to help transport companies cope with the sharp rise in fuel prices after Russia occupied Ukraine at the end of February. Assuming that it is Parliament’s rubber stamp, the temporary subsidy covers road haulage and passenger transport. State aid covers all types of fuel and electricity, with […]
Towards a carbon-neutral Finland – Government approves medium-term climate change plan
– from both a climate and a security policy perspective. At the same time, we must ensure that the transition is fair. Effective and also fair climate work is the guiding principle through the now completed medium-term climate change policy plan. The plan includes various financial subsidies for both households and municipalities to make the […]
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 […]
THL: There are too many coronavirus-related deaths
There have been significantly more coronavirus-related deaths this year than in previous years. The Department of Health and Welfare THL has so far registered 2,800 since the beginning of 2022. According to THL, 1,163 people died of the coronavirus in 2021. According to Statistics Finland’s cause-of-death statistics, 558 people died of coronavirus infection in 2020. […]
YLE: Finnish consumers faced a “double” rise in prices and interest rates
Growth was one percentage point higher than forecast by the European Central Bank (ECB) in March. In Finland, inflation accelerated more than the euro area average by one point from the previous month. Timo HirvonenHandelsbanken’s chief economist told YLE on Tuesday that the ECB has understandably had to repeatedly revise its consumer price forecast due […]
Yle’s survey: Russians have a more negative attitude towards Finland’s NATO membership
Russian-speakers living permanently in Finland have a much more negative attitude towards Finland’s NATO membership than the rest of the population. However, many believe that building positive relations with Russia is still possible despite NATO membership. Taloustuktimus interviewed 501 Russian-speaking people living permanently in Finland on behalf of Yle. According to a survey conducted in […]
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. […]
Tuesday’s newspapers: NATO and investments, monkey pox disinfo and successive hockey host Tampere
Jyväskylän Keskisuomalainen is among the leading newspapers syndicated article where several economic analysts say investors are likely to see Finland as a slightly higher risk country during the ongoing NATO membership process. According to these experts, the perceived risks are related to concerns about various disturbances by Russia. "During the process, there is some uncertainty […]
Russia suspends electricity supply to Finland
Finland’s nationwide grid operator Fingrid Oyj also said in a statement issued on Friday that RAO Nordic Oy will suspend the import of electricity to Finland on Saturday at 1:00 local time. “According to RAO Nordic, direct or bilateral sales of electricity imported from Russia will be suspended for the time being due to problems […]
Households were urged to prepare for cuts in Russian gas supplies
While fossil gas users, both households and businesses, are reassured that their needs have so far been met, energy companies in the south-east are urging customers to look for alternative ways to heat their homes if Russia closes the faucet. Teemu HeinänenHowever, the head of Hamina Energy’s energy business says no exceptional measures are needed. […]
Inflation slowed slightly in April
Inflation in Finland slowed slightly during April, according to data released by Statistics Finland on Friday. The annual change in consumer prices calculated by Statistics Finland was 5.7 per cent in April, compared with 5.8 per cent in March. The agency said the biggest impact on April’s inflation rate was the slowdown in liquid fuel […]
As uncertainty persists, investors will withdraw EUR 100 million from funds registered in Finland
Investors raised a total of EUR 242 million from equity funds and EUR 313 million from short-term fixed income funds. New investments in hedge funds amounted to EUR 105 million, in long-term fixed income funds to EUR 301 million and in alternative funds to EUR 45 million. Last month was difficult, especially for fixed income […]
Finland’s gas import bill from Russia rose by almost 300%
Finnish natural gas imports from Russia increased by 282 per cent year-on-year in March, a month after Russia invaded Ukraine, Customs data showed. The jump reflects the rise in gas prices. Finnish gas imports in March were EUR 151 million, compared with EUR 39.6 million a year earlier and about 122 per cent more than […]
Finland is looking for alternatives as Russia’s gas ban approaches
Finnish industry is heavily dependent on natural gas, and companies are looking for alternatives Russia is threatening to shut down Finland’s gas supplies. The Russian state gas company Gazprom has demanded that the Finnish gas company Gasum pay for the ruble by 20 May. Russia has cut off gas supplies to Poland and Bulgaria because […]
Saimaa canal as Russian gambit
The parties agreed on a 50-year lease, and in 2013 they extended the lease until 2063. As Finland accelerates its accession to NATO, Russia is sending clear signals that such steps marked the end of good neighborly relations with NATO. Paasikivi-Kekkonen line – Foreign policy of Finnish neutrality and friendship. The preliminary representative of the […]
In Finland, it is said that you apply for a job every week or risk losing your benefit
Unemployed jobseekers in Finland must meet the new requirements in order to continue receiving unemployment benefits. From Monday 2 May, the jobseeker is obliged to apply for at least four jobs a month and to meet with an adviser from the Employment and Economic Development Office every two weeks. The purpose of regular meetings is […]
Gasoline and diesel prices will fall slightly during April
The average price of both petrol and diesel in Finland fell in April as a result of Russia’s invasion of Ukraine in March, following a sharp rise. The consumer price index released by Statistics Finland on Friday revealed that the average price of petrol 95E fell to EUR 2.17 per liter in April from EUR […]
Finnish Somalis are wary of NATO membership, Russia’s reaction
I sit in the living room of an apartment in Helsinki in front of a temporary “green screen”, Hassan Kaafi Halane adjusts its microphone in preparation for the start of a NATO-themed webcast. He has invited guests online to discuss Finland’s possible application to join the military alliance, which has come to the attention of […]
Consumer confidence in Finland will continue to weaken during April
Both consumer confidence and business expectations of economic development declined again during April. According to a study by Statistics Finland, consumer confidence has been weaker only on two previous occasions, with the onset of the Covid crisis in April 2020 and the end of the 2008 global financial crisis. Similar levels were recorded last month, […]
Report: Finland has the highest mortality since the 1940s
The number of deaths and general mortality in Finland was the highest in 2021 for almost 80 years, according to a report published by Statistics Finland on Friday. The agency revealed that a total of 57,659 deaths were reported last year, up 2,171 from a year earlier and an increase of 3.9 percent. The death […]
Report: "Historic" Change in rental expenses in Helsinki
The Helsinki region has seen "historic" changes in rental costs according to a recent market report by Statistics Finland. The figures show that rents for non-subsidized housing fell by 0.3 per cent in the Greater Helsinki area and by 0.2 per cent in the city of Helsinki in the first quarter of 2022 compared with […]
According to the EU standard, with relatively modest inflation, Finland is no longer so expensive
When the single currency, the euro, was introduced more than 20 years ago, the purchasing power of the Finnish people was the weakest in the EU, along with Spain, Portugal and Greece. Since then, relative purchasing power has improved as prices have risen less here than elsewhere, economists say. Since the turn of the millennium, […]
Thursday’s newspapers: NATO report, women’s voluntary military service and the prime minister’s leather jacket
The newspapers were dominated by news of a government report submitted to Parliament on Wednesday, which describes changes in Finland’s foreign and security policy as a result of Russia’s attack on Ukraine. The report outlines the advantages and disadvantages of Finland’s accession to NATO and has been the starting point for an official discussion on […]
Marin: Finland needs weeks or months instead of years to cut off energy relations with Russia
He added that the Ministry of Economy and Labor is one of a handful of ministries working to ensure that the transition is achieved quickly. Although the European Union has resorted to unprecedented sanctions to force Russia to end the war of aggression in Ukraine, the sanctions only targeted the country’s most important source of […]
Grocery Trade Association: Food prices rose 4.5% in February
In February, the prices of groceries in Finnish stores were on average 3.9 per cent higher than in the corresponding month last year, according to the price monitoring report of the Finnish Grocery Trade Association. According to the index, prices for food and non-alcoholic beverages rose about 4.5 percent from February 2021, while prices for […]
The Finnish supervisory authority keeps the mortgage ceiling at 85 per cent
The government said it was refining its recommendation that lenders exercise restraint in relation to the borrower’s income when granting large and longer-than-usual loans in the second quarter. “Borrowers should estimate the amount of credit to be granted so that the applicant will be able to repay its debt even if interest rates on loans […]
The biggest jump in foreign language speakers in Finland
The number of speakers of foreign languages ​​increased by more than 25,000 last year, which is the largest number since Finland’s independence. The number of native speakers of the three official languages ​​- Finnish, Swedish and Sámi – decreased by almost 11,000. At the same time, the total population grew by more than 14,000 people, […]
Finnish consumer confidence fell to its third lowest level since 1995
The indicator was -1.7 in January and -3.0 in March 2021. Finnish consumers are currently pessimistic about their own and especially the national economy. Expectations of the national economy have not been as gloomy since December 2008, according to Statistics Finland. Consumers’ perceptions of their own economic situation and expectations of the general employment situation […]
