The Finnish government cautiously welcomed the recent news that the economy is finally in full recovery mode. Employment levels are close to record heights, wage growth is outstripping inflation, and job creation is accelerating at a pace not seen since before the financial crash. While storm clouds still remain and growth is still faltering, there is some space for optimism.

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A total of 55.3 million people visited Alko shops in Finland in 2018, according to the annual report of the state-owned alcohol retailer. (Heikki Saukkomaa – Lehtikuva)

ALKO on Tuesday announced it sold a total of 85.3 million litres of alcoholic beverages in 2018, signalling a drop of 8.5 per cent from the previous year.

The Finnish wholly state-owned alcohol retailer said last year its net sales decreased by roughly 20 million euros to 1,155 million euros and net sales without alcohol tax by roughly 30 million euros to 565 million euros.

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Stora Enso on Monday said up to 400 jobs are at risk at its paper mill in Oulu, North Ostrobothnia. (Timo Jaakonaho – Lehtikuva)

STORA ENSO on Monday announced it will launch consultative negotiations with the staff of its paper mill in Oulu, Finland.

The Finnish pulp and paper manufacturer said it has devised a plan to close a paper machine and sheeting plant in order to convert the paper mill into packaging board production, estimating that the closures could result in the termination of up to 400 jobs.

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European Healthtech Investment Forum was held for the third time in Helsinki, Finland on 13-14-March 2019. The forum which was organised by Techtour in collaboration with Business Finland in The Finlandia Hall brought together dozens of healthtech startups and investors for a two days compilation of presentations, competition and one-to-one meetings. Both startups and investors came from all around the world.

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Most of the Mercedes-Benz cars manufactured by Valmet Automotive in Uusikaupunki, South-west Finland, are exported to the United States. (Credit: Handout – Valmet Automotive)

US PRESIDENT Donald Trump’s threat to slap high import tariffs on Europe-made cars are bad news not only for Germany but also for Finland, reports YLE.

Trump and Washington are believed to be considering raising the tariffs on cars imported from Europe from 2.5 to 25 per cent, potentially raising the retail prices of such cars by over 5,000 euros, according to the public broadcasting company.

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Topi Manner, the CEO of Finnair, presented the airline’s interim report for the fourth quarter of last year in Vantaa, Finland, on Friday, 15 February 2019. (Credit: Martti Kainulainen – Lehtikuva)

FINNAIR on Friday reported that its comparable operating result decreased by 13.7 million euros year-on-year to 9.2 million euros between last October and December.

The fourth-quarter result exceeded the expectations of analysts and investors, sending shares in the majority state-owned airline up by almost eight per cent to 7.765 euros on the Helsinki Stock Exchange on Friday.

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Tens of thousands of Finns, who are signing up to online casinos based in Malta so that they can quench their thirst for online gambling, have helped create a growing Finnish jobs market in the Maltese iGaming sector.

The popularity of online casino gaming amongst Finnish nationals has opened up an opportunity for Finns who wish to work abroad.

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Tieto, a Finnish provider of information technology services and software, said yesterday it has embarked on a strategy that will affect around 700 roles worldwide. (Credit: Antti Aimo-Koivisto – Lehtikuva)

TIETO on Wednesday announced it will reduce around 700 positions worldwide as part of an effort to create annual gross savings of 30–35 million euros.

The Finland-based information technology company said the measures are part of a renewal process launched to improve its future competitiveness, focus on accelerating design and data-led innovation, and overhaul its ways of working and leadership model.

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Finnish pulp and paper manufacturer Stora Enso on Friday announced it has launched a “profit protection programme” to create annual cost savings of 120 million euros. (Credit: Emmi Korhonen – Lehtikuva)

STORA ENSO says it will launch a belt-tightening programme in a bid to create annual cost savings of 120 million euros.

The Finnish pulp and paper manufacturer revealed last week that one of the measures under consideration is shutting down its ageing paper machine in Imatra, Eastern Finland – a move that would result in the termination of up to 80 jobs.

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Nokia remains confident that its end-to-end portfolio will enable it to benefit from the long-awaited cycle of investment in fifth-generation (5G) mobile technologies. (Credit: Jussi Nukari – Lehtikuva)

NOKIA has surprised analysts and investors with a strong fourth-quarter result.

The Finnish provider of mobile network technology and services announced yesterday its operating profit increased by roughly 115 million euros from the previous year to 1,120 million euros between last October and December. Its net sales, in turn, crept up by three per cent to approximately 6,870 million euros.

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