Pekka Lundmark, the chief executive of Fortum, says he is optimistic that at least a constructive dialogue can be established between Fortum and Uniper.
Pekka Lundmark, the chief executive of Fortum, says he is optimistic that at least a constructive dialogue can be established between Fortum and Uniper.

 

Pekka Lundmark, the chief executive officer of Fortum, voiced his confidence in the successful completion of the takeover of Uniper, an energy facility operator based in Düsseldorf, Germany, in an interview on YLE TV1 on Saturday.

Fortum in September announced it has signed an agreement for acquiring a 47 per cent of shares in Uniper from EOn.

Read more ...

Marimekko’s products were on display in the flagship store of the iconic design house in downtown Helsinki on 10 August, 2017.
Marimekko’s products were on display in the flagship store of the iconic design house in downtown Helsinki on 10 August, 2017.

 

Marimekko has expressed its confidence in the commercial potential of wood-based textiles by embarking on co-operation with Spinnova, a developer wood-based textile fibres based in Jyväskylä, Central Finland.

Spinnova is currently researching methods to increase the amount of textile fibre produced by its proprietary technology, according to Helsingin Sanomat.

Read more ...

A Finnair aircraft touched down at Kittilä Airport on 19 October, 2017. The state-owned carrier says it will increase services to Lapland by over 20 per cent for the upcoming winter season.
A Finnair aircraft touched down at Kittilä Airport on 19 October, 2017. The state-owned carrier says it will increase services to Lapland by over 20 per cent for the upcoming winter season.

 

Finnair recorded the best quarter in its history between July and September, 2017.

The majority state-owned airline reported yesterday that its third-quarter net sales increased by 15 per cent to 735 million euros and comparative operating profit by almost 100 per cent to 119 million euros from the corresponding period in 2016. The quarter represented already the 12th consecutive quarter of growing operating profit for the airline.

Read more ...

Nokia is planning on reducing its headcount by around 90 in Tampere, 80 in Espoo and 15 in Oulu, according to Helsingin Sanomat.
Nokia is planning on reducing its headcount by around 90 in Tampere, 80 in Espoo and 15 in Oulu, according to Helsingin Sanomat.

 

Nokia on Tuesday stated it will reduce its global headcount by up to 310 as it seeks to re-align the focus of its advanced technology business, Nokia Technologies.

The strategic re-alignment will especially affect the network equipment manufacturer's employees in Finland as around 90 of the cuts are to be made in Tampere, 80 in Espoo and 15 in Oulu, according to Helsingin Sanomat.

Read more ...

Ericsson on Monday announced it will begin negotiations with employee representatives later this week with a view to cutting up to 80 jobs in Finland.
Ericsson on Monday announced it will begin negotiations with employee representatives later this week with a view to cutting up to 80 jobs in Finland.

 

Ericsson announced yesterday it will launch consultative negotiations with a view to axing up to 80 employees in Finland, reports Helsingin Sanomat. The negotiations with employee representatives are set to begin on Thursday, 12 October.

The possible cuts are part of the strategy and measures adopted earlier by the network equipment and services company in an attempt to pare down costs globally.

Read more ...

Robin Li, CEO and founder of Baidu delivers a keynote speech in the opening ceremony of 2017 Media Cooperation Forum on Belt and Road in Dunhuang.

 

One of the most important projects in the history of the world economy is silently making the world even an smaller place.

Golden sand dunes and a clear blue sky fill the landscape as far as the eye can see. A caravan of camels is taking riders up the hill. This is the Mingsha Shan mountain in Dunhuang, in western China. You may have never heard of Dunhuang before, but this city was one of the most important transit points along the ancient Silk Road. Gantsu province, where Dunhuang is situated is a must travel path from China to Eurasia.

Read more ...

An Angry Bird figure was pictured at the headquarters of Rovio in Espoo, Finland, as the games-first entertainment studio celebrated its listing on the Helsinki Stock Exchange on 29 September, 2017.
An Angry Bird figure was pictured at the headquarters of Rovio in Espoo, Finland, as the games-first entertainment studio celebrated its listing on the Helsinki Stock Exchange on 29 September, 2017.

 

Rovio’s highly-anticipated initial public offering may have been heavily over-subscribed, but the profits it generated for small investors had all but melted away before the end of trading on 29 September, reports Kauppalehti.

Shares in the games-first entertainment studio decreased several percentage points in value until an intervention by one of the financial institutions arranging the listing, Danske Bank. The shares eventually closed at only slightly above the listing price of 11.50 euros.

Read more ...

Pekka Lundmark, the chief executive of Fortum, said on Tuesday the state-owned energy company plans on launching an offer to acquire 46.7 per cent of shares in Uniper, a Germany energy company with a large portfolio of fossil fuel-powered energy facilities.
Pekka Lundmark, the chief executive of Fortum, said on Tuesday the state-owned energy company plans on launching an offer to acquire 46.7 per cent of shares in Uniper, a Germany energy company with a large portfolio of fossil fuel-powered energy facilities.

 

Mika Lintilä (Centre), the minister responsible for ownership steering, says he has no intention whatsoever to intervene in an offer announced by Fortum for a minority stake in Uniper, an energy company based in Düsseldorf, Germany, on Tuesday.

“Fortum’s management has assessed that this is the best overall option,” he stated at the Finnish Parliament on Thursday.

Read more ...

Finlayson received a lot of media attention last month after announcing a campaign designed to call attention to wage inequality in Finland.
Finlayson received a lot of media attention last month after announcing a campaign designed to call attention to wage inequality in Finland.

 

Terrafame, Caruna and Posti are the least trusted and reputable companies in Finland, according to an annual corporate reputation survey by T-Media.

Kone, on the other hand, was ranked the most reputable company in the country already for the third consecutive year despite its current plans to reduce its workforce considerably. The lift and escalator manufacturer was followed this year by Supercell, Ponsse, Fazer and Google.

Read more ...

Finnish companies are eager to recruit new employees but consider the shortage of suitable applicants as the main obstacle to their growth, indicates a survey by EY.
Finnish companies are eager to recruit new employees but consider the shortage of suitable applicants as the main obstacle to their growth, indicates a survey by EY.

 

Finnish medium enterprises are more optimistic about their growth prospects than their counterparts in many other countries, finds a survey by EY.

Almost two-thirds (62%) of the enterprises surveyed revealed that they are planning on hiring more employees over the next twelve months, with over a third (36%) of them adding that they are specifically looking for full-time employees.

Read more ...

More Articles ...

Finland in the world press

Helsinki Finland Windy, 5 °C
Current Conditions
Sunrise: 8:28 am   |   Sunset: 3:42 pm
82%     19.2 m/s     33.762 bar
Forecast
Sat Low: 4 °C High: 7 °C
Sun Low: 3 °C High: 5 °C
Mon Low: 1 °C High: 4 °C
Tue Low: 0 °C High: 1 °C
Wed Low: -1 °C High: 0 °C
Thu Low: -2 °C High: 0 °C
Fri Low: 0 °C High: 3 °C
Sat Low: 3 °C High: 4 °C
Sun Low: 2 °C High: 4 °C
Mon Low: 2 °C High: 3 °C

Partners