Online gambling has been dealt with through different approaches in different European countries. Finland, Sweden, Portugal, Slovenia and the Czech Republic do not allow any commercial online gambling operators and the government hold monopoly on the lottery and actual and virtual casinos. Majority of European countries have a partly regulated online gambling market while only a few: UK, Italy, Latvia, Luxembourg, Malta, Slovakia, and Estonia have a fully or partly deregulated online gambling market.
Finnair on Tuesday reported that its passenger volume surged by 12.8 per cent year-on-year to a new monthly record of 1,240,500 in June.
The surge was largely a consequence of an increase in the overall capacity of the majority state-owned airline: Finnair said its capacity measured in available seat kilometres rose by 16.4 per cent from the corresponding period last year, while its passenger load factor fell by 1.4 percentage points to 85.4 per cent.
Sanoma Media Finland announced yesterday it has acquired a majority stake in Suomen Tietotoimisto (STT).
The Finnish multi-channel media company increased its interest in the traditional news agency from approximately 33 to 75 per cent by acquiring the shares of Alma Media, the publisher of Iltalehti and Kauppalehti, and TS-Yhtymä, the publisher of Turun Sanomat.
HKScan on Monday announced it will initiate consultative negotiations with its staff members with the objective of reducing its headcount by 211 and revising the terms and conditions of employment of its staff members as part of an effort to rationalise its operations in Finland.
The Finnish manufacturer of meat foods and products provides employment to over 7,000 people worldwide, including roughly 2,800 in Finland.
Teollisuuden Voima (TVO) has announced further delays in the start-up of the third reactor unit of the Olkiluoto Nuclear Power Plant in Eurajoki, Western Finland.
TVO on Wednesday said in a press release it has received a revised schedule for commissioning the unit from the plant supplier, a consortium formed by Areva and Siemens. The schedule indicates that the unit is to start generating electricity in September 2019 instead of May 2019.
HMD Global, the Espoo-based developer and marketer of Nokia-branded handsets, has raised over 100 million US dollars in funding to ramp up its business in its second full year of operation, lifting its market valuation to over one billion dollars.
The start-up says in a press release it will use the funding to aggressively expand its range of smartphones and to double its sales channels in strategically important markets by the end of 2018.
Finnair on Monday announced it will begin an immediate search for a successor to its outgoing chief executive Pekka Vauramo.
Vauramo, the state-owned airline said in a press release, has handed in his resignation in order to take the reins of Metso, a leading technology and service provider for a wide variety of process industries. He will formally hand over his duties at the helm of Finnair by the end of November 2018.
Rovio on Thursday revealed that it achieved an adjusted operating profit of 9.6 million euros on net sales of 65.7 million euros between January and March.
The games-first entertainment studio thereby almost doubled its first-quarter operating profit from the corresponding period one year earlier, despite recording a roughly one per cent decrease in net sales. Its first-quarter profit margin, as a result, improved from 8.0 per cent in 2017 to 14.6 per cent in 2018.
On 25 May Smile-Expo organizes the first Blockchain & Bitcoin Conference in Finland, a large-scale event dedicated to cryptocurrency and ICO.
Finland is at the forefront of technological innovations. Government officials keep staying neutral to the cryptocurrency sphere regulations. The country does not have special strict rules for bitcoin or other cryptocurrencies usage. Bitcoin and cryptocurrency regulation in Finland, and around the world will become one of the main topics of the conference.
Entocube has become the first producer of edible insects to be granted the right to use the official label for foodstuffs made in Finland, Hyvää Suomesta.
The label was updated recently to also cover insect-based food products. It can now be granted to edible insects born, grown and harvested domestically, and to food products that contain such insects and meet the overall criteria for the label.