HMD Global says it plans to use the funding to aggressively expand its range of Nokia-branded smartphones during the course of this year.
HMD Global says it plans to use the funding to aggressively expand its range of Nokia-branded smartphones during the course of this year.

 

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.

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Pekka Vauramo has decided to hand over his responsibilities at Finnair to become the chief executive of Metso.
Pekka Vauramo has decided to hand over his responsibilities at Finnair to become the chief executive of Metso.

 

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.

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Kati Levoranta, the CEO of Rovio, says the first-quarter performance of the games-first entertainment studio was on par with expectations.
Kati Levoranta, the CEO of Rovio, says the first-quarter performance of the games-first entertainment studio was on par with expectations.

 

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.

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On 25 May Smile-Expo organizes the first Blockchain & Bitcoin Conference in Finland, a large-scale event dedicated to cryptocurrency and ICO. 

Why Finland?

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.

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Fazer launched a bread made partly of house crickets in November, 2017. The food industry giant sources its crickets from the Netherlands.
Fazer launched a bread made partly of house crickets in November, 2017. The Finnish food industry giant sources its crickets from the Netherlands.

 

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.

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Nokia-branded smartphones accounted for 3.5 per cent of all smartphone sales in Europe between January and March, according to Singaporean market research firm Canalys.
Nokia-branded smartphones accounted for 3.5 per cent of all smartphone sales in Europe between January and March, according to Singaporean market research firm Canalys.

 

Nokia has re-emerged as one of the most popular smartphone brands in Europe, according to Canalys.

The Singapore-based market research firm reports that Nokia, which re-entered the smartphone market roughly one-and-a-half years ago by licensing its brand to HMD Global, was the fifth most popular smartphone brand on the continent between January and March.

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Tiina Alahuhta-Kasko, the CEO of Marimekko, says the iconic design house has focused especially on improving its profitability and international competitiveness over the past few years.
Tiina Alahuhta-Kasko, the CEO of Marimekko, says the iconic design house has focused especially on improving its profitability and international competitiveness over the past few years.

 

Overseas markets are increasingly important for Marimekko.

“In the first quarter of 2018, our net sales grew by seven per cent and our international sales by 14 per cent, mainly thanks to wholesale sales and royalties in the Asia-Pacific region,” Tiina Alahuhta-Kasko, the chief executive of the iconic design house, commented in the interim report.

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Event space is the largest room in We+, where more than a hundred people can easily fit

You are in a foreign city and want to use your time as effectively as possible. Instead of running from one meeting to another, why not schedule your clients to meet you in your own meeting room? Some call it the Airbnb of meeting rooms, others call it remote office. Whatever it’s called, it makes the life of business travellers’ much easier.

Business travellers can rent a working space or a meeting room in Helsinki from several service providers. Among these, We+ stands out for its coziness and ease of use.

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Fortum on Saturday said it has taken an important step towards acquiring Uniper, an energy company based in Düsseldorf, Germany.
Fortum on Saturday said it has taken an important step towards acquiring Uniper, an energy company based in Düsseldorf, Germany.

 

Fortum has taken a major step towards acquiring Uniper, an energy company based in Düsseldorf, Germany.

The Finnish state-owned energy company announced last weekend that its public takeover offer has been approved by a Russian government commission for monitoring foreign investments. Fortum, the commission stated, can acquire a maximum of 50 per cent of shares and voting rights in the energy company.

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Stockmann says it will close over 20 Lindex stores in the Nordics by the end of 2018.
Stockmann says it will close over 20 Lindex stores in the Nordics by the end of 2018.

 

Stockmann has announced its plan to shutter several stores in its loss-making fashion chain, Lindex.

Lauri Veijalainen, the CEO of Stockmann, on Friday revealed in the department store retailer’s first-quarter interim report that over 20 Lindex stores will be closed by the end of the year. The number of stores facing closure is higher than anticipated at the start of the year by Stockmann.

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Finland in the world press

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