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Finland, Iran ink accord on customs cooperation

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HELSINKI: The customs services of Iran and Finland signed an agreement on cooperation. Following talks between Head of Iran’s Customs Administration (IRICA) Masoud Karbasian and Director General of Finnish Customs Antti Hartikainen, an agreement on cooperation in the fight against illegal drugs and customs regulations was signed in the Finnish capital of Helsinki. The two countries will promote cooperation on ... Read More »

Finland, Iran ink deal on customs cooperation

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TEHRAN: The customs services of Iran and Finland signed an agreement on cooperation, IRNA agency reported on April 19. Following talks between Head of Iran’s Customs Administration (IRICA) Masoud Karbasian and Director General of Finnish Customs Antti Hartikainen, an agreement on cooperation in the fight against illegal drugs and customs regulations was signed in the Finnish capital of Helsinki. The ... Read More »

Finland’s GDP grew by 3%: Statistics Finland

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HELSINKI: Economists have estimated that the statistics published ahead of last weekend are an indication of better times to come for Finland. Statistics Finland reported that the country’s working-day adjusted gross domestic product increased by 3.0 percent year-on-year in February, representing already the second consecutive month with a growth rate of at least three percent. Revised data indicate that working-day ... Read More »

Customs officers of Belarus, Finland conduct joint anti-drug smuggling exercise

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MINSK: Belarusian and Finnish customs officers have conducted a joint training on the prevention of attempts to smuggle narcotic substances across the border. The information is posted on the website of the State Customs Committee of Belarus. “A joint training on combating organized crime has been held within the framework of the cooperation between the customs services of Belarus and ... Read More »

Port of Helsinki handles 10.6% more cargo during Jan-Mar2017

Port of Helsinki handles 10.6% more cargo during Jan-Mar2017

HELSINKI: Port of Helsinki has handled 3.3 million tons of cargo in the first three months of year, which is 10.6 percent more than during the corresponding period the previous year. The strong increase in exports was particularly pleasing: the growth percentage, compared to the previous year, was 13.3, and the tonnage added up to 1.6 million. During this period, ... Read More »

Finland pharma industry witness $242m investment in 2016

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HELSINKI: In 2016, the total value of pharmaceutical industry investments rose to 227 million Euros ($242 million) from 220 million Euros in the previous year. The growth was particularly marked in R&D investments. In addition to investments, the branch sees signs of a positive growth trend both in the number of clinical trials and of patients participating in them. According ... Read More »

Despite fall in sales, Alko’s annual revenue rises

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HELSINKI: Alko on Friday announced that its annual revenue has grown in spite of a decrease in sales volume. On Friday, the state-owned alcohol retail monopoly reported that last year its revenue crept up by 2.8 million Euros year-on-year to 1,162.7 million Euros, while its sales volume decreased by 500,000 liters to 93.5 million liters – equivalent to 15.7 million ... Read More »

Finland to raise trade, climate change with China: President

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HELSINKI: Praising his Chinese counterpart for his “stable and deep” thinking, Finnish President Sauli Niinisto said he was pleased to get the chance to discuss free trade and the Paris Climate Change Agreement with President Xi Jinping at their meeting. “It is a short visit but we are doing our best to make our great visitor President Xi and his ... Read More »

Finnish softwood exports rise to EUR1.64b in 2016

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HELSINKI: Finnish softwood exports amounted to EUR1.64 billion in 2016, the country’s fourth-largest export industry, according to the Finnish Sawmills Association. “Exports to countries outside of Europe have grown both for Finland and elsewhere, especially thanks to the growing demand in China. The Wood from Finland growth program has contributed to the demand for softwood timber in China and the ... Read More »

Finland’s consumer confidence at six-year high

Finland’s consumer confidence at six-year high

HELSINKI: Finland’s consumer confidence hit a record high in March and industry confidence reached its highest level since 2011, data showed on Monday, adding to signs it may be on track for a recovery after a decade-long period of stagnation. The consumer confidence index rose to 22.9 points in March from 20.8 points in February, Statistics Finland (SF) said, compared ... Read More »

Finnish Valmet Automotive announces manufacturing deal with Mercedes-Benz

Finnish Valmet Automotive announces manufacturing deal with Mercedes-Benz

HELSINKI: Valmet Automotive has signed an agreement for manufacturing the next generation of Mercedes-Benz compact cars at its assembly plant in Uusikaupunki, Finland. The manufacturing contract will elevate the co-operation between Daimler and Valmet Automotive to new heights and boost the order books of the assembly plant for years to come, Ilpo Korhonen, the chief executive at the automotive manufacturer, ... Read More »

Helsinki port turnover increase 19.7% in Jan-Feb 2017

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HELSINKI: The cargo turnover of the port of Helsinki in Finland increased by 19.7% year-on-year in January-February 2017, amounting to 2.45 million tons. The volume of transshipment of bulk cargo increased by 59.2% year-on-year to 336,000 tons, while the throughput of general cargo for the reporting period increased by 15.2% year-on-year to 2.11 million tons. The imports of the general ... Read More »

Finland’s aviation employees call-off strike, back to work

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HELSINKI: The Finnish aviation employees’ trade union IAU and business representatives reached a deal on airport workers’ wages and benefits after a final, 30-hour round of negotiations, Finnish National Conciliator Minna Helle said late on Monday. The settlement averts another round of strikes at Helsinki airport that the union had threatened to start on Wednesday. The Finnish Aviation Union IAU ... Read More »

Finnish economy strengthens in recent times: State Treasury

Finnish economy strengthens in recent times: State Treasury

HELSINKI: Finnish State has three credit ratings company, which the state will buy rating services. At the moment, all have a common understanding of the Finnish economy. According to the State Treasury, credit rating agencies assess in taking decisions, inter alia, the national state, the condition of public finances and the political system. The condition of the Finnish economy has ... Read More »

Growth of Finland Orthopaedic Devices Market

Growth of Finland Orthopaedic Devices Market

HELSINKI: KEN RESEARCH recently announced its latest distribution on “Finland Orthopaedic Devices Market Outlook to 2022”, which provides an in-depth market analysis of the orthopaedic devices in Finland. This report also provides with the information related to the market categories of the orthopaedic devices in terms of Annualized market revenues (USD million) and volume (units) data from 2008 to 2015 ... Read More »

Bank of Finland raises growth forecast for 2017 to 1.6%

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HELSINKI: The Bank of Finland has upgraded its growth forecast for the national economy for the period between 2017 and 2019. Finland’s gross domestic product is set to grow by 1.6 per cent year-on-year in 2017, by 1.5 per cent in 2018 and by 1.3 per cent in 2019, according to the updated forecast published on Thursday. In December, the ... Read More »

Finland eager to roll out GST in India

Finland eager to roll out GST in India

HELSINKI: Finland said it is eagerly waiting for the landmark Goods and Service Tax (GST) to be rolled out as it will bring transparency in the country’s tax regime and thus encourage ease of doing business. “We are looking forward to GST,” Ambassador of Finland in India, Nina Vaskunlahti said at an interactive session organized by the Bharat Chamber of ... Read More »

Finland inflation highest since Sep-2014

Finland inflation highest since Sep-2014

HELSINKI: Finland’s consumer price inflation accelerated in February to the highest level in nearly two-and-a-half years, figures from Statistics Finland showed Tuesday. The consumer price index climbed 1.2 percent year-over-year in February, faster than the 0.8 percent increase in January. The measure has been rising since April 2016. Moreover, the latest inflation was the highest since September 2014, when prices ... Read More »

Finland’s exports surges 27% in January

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HELSINKI: Finnish exports jumped 27% in January from a year ago, helped by a cruise ship delivery, while new manufacturing orders also increased, suggesting the Nordic country’s export sector was picking up pace after a decade-long stagnation. The Finnish economy has slowly recovered in the past two years on the back of domestic consumption while exports have continued to fall. ... Read More »

Finland’s foreign trade gap slightly widens in January

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HELSINKI: Finland’s foreign trade gap widened slightly in January from a year ago, preliminary figures from Finland Customs Office showed Friday. The trade deficit rose to EUR 455 million in January from EUR 430 million in the corresponding month last year. The value of exports jumped 27.0 percent year-over-year in January and imports grew by 25.0 percent. Exports to EU ... Read More »