The representation of women on the boards of Finnish publicly traded companies has held steady at a record level of 33%, according to a recent report by the Finland Chamber of Commerce. For the first time, small-cap companies have reached a milestone, with women making up 30% of board members.

Six out of ten publicly listed companies now have gender-balanced boards.

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Store Closed Until Further Notice - Notice on the window of the Esprit clothing store on Aleksanterinkatu in Helsinki on July 3, 2024. Helsingin Sanomat reports that the Esprit clothing chain is heading towards bankruptcy. LEHTIKUVA

The number of companies filing for bankruptcy in Finland continues to climb, with June witnessing a significant rise. A total of 252 bankruptcy filings were recorded, an increase of 13 compared to the same month last year. The service sector remains the hardest hit, accounting for approximately half of all filings.

This upward trend in bankruptcy filings has been ongoing for over two years. According to Tommi Veistämö, Chief Statistician at Statistics Finland,

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Peter Sarlin, a co-founder and chief executive of Silo AI, spoke during a panel discussion on technological competition and security at the Kultaranta Talks, an annual series of discussions on foreign and security policy-related topics hosted by the Finnish president, in Helsinki in June 2023. Silo AI on Wednesday announced it will be sold to AMD, an American semiconductor company, for roughly 615 million euros. (Roni Rekomaa – Lehtikuva)

US CHIPMAKER AMD on Wednesday announced it has signed a definitive agreement to acquire Silo AI, an artificial intelligence start-up founded in Helsinki in 2017.

The all-cash transaction is valued at around 665 million US dollars, or 615 million euros, making it the largest corporate acquisition of the past decade in the artificial intelligence space in Europe, according to the Financial Times.

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In Finland, buying stocks is recommended for practically everyone from the age of 18 and up. Over the long term, stocks have provided good returns on investments. Currency trading, also known as forex trading, is another method of trading that has been available on the market for a long time. In forex trading, the primary goal is to anticipate the rise and fall of different countries' currencies.

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An YIT construction site in Espoo on 9 August 2023. Amid persistent concerns about its financial standing, the construction company has permanently slashed the prices of all dwellings in a planned block of flats in Jätkäsaari, Helsinki, according to YLE. (Heikki Saukkomaa – Lehtikuva)

YIT has permanently slashed the prices of all units in a block of flats that is to be built in Jätkäsaari, Helsinki, reports YLE.

“We decided to examine the pre-marketing prices for this location in this market environment. Real estate trade is pretty much frozen,” commented Pekka Helin, the head of customers and living services at the largest construction company in Finland.

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Photo: Slush

The year 2024 is full of promise for many industries in Finland and Sweden. Networking and getting information on the latest trends and innovations is essential, if you want to keep ahead of the curve and triumph in the ever evolving business landscape. That’s why we decided to have a look at the best events for entrepreneurs to attend in Finland and Sweden in 2024. Check out our list and mark the dates on your calendar, so that you won’t miss any business opportunities that might be waiting for you.

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Forest management activities in Washington State.

Business Finland is hosting an unprecedented visit by a large delegation from the North American forest and wood products industry, marking a significant milestone in international collaboration. Over 60 delegates from nine U.S. states and Nova Scotia, Canada, are touring Finland to gain insights into the country's advanced forestry practices and innovative wood-based technologies.

For five days, the delegates will visit various Finnish industrial plants, research institutions, and universities.

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The Helsinki Expo and Convention Centre has significantly bolstered the economic and employment landscape of the Helsinki metropolitan area, delivering a remarkable EUR 187 million in economic impact and creating 2,535 person-years of employment in 2023. This marks a substantial 46% increase compared to the previous year's EUR 128 million and 1,740 person-years, according to a study by market research firm Taloustutkimus.

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Employees in Posti’s logistics centre in Vantaa, Southern Finland, in June 2021. Posti on Thursday announced it has completed discussions with employee representatives and decided to lay off up to 153 delivery and terminal workers. (Emmi Korhonen – Lehtikuva)

POSTI on Thursday announced it will lay off a maximum of 153 employees from its delivery and terminal divisions following the conclusion of consultative negotiations initiated with staff representatives in April.

The negotiations were initiated as part of a reform process that seeks to establish a more flexible and effective delivery network.

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The European Investment Bank (EIB) has approved a €17 million loan to Swappie, Europe’s largest iPhone refurbisher. This funding aims to enhance the quality and efficiency of smartphone refurbishing, extending device lifespans, reducing electronic waste, and enabling more consumers to lower their carbon footprints.

The loan, guaranteed by the InvestEU program, underscores EIB’s commitment to promoting the circular economy and supporting the European Green Deal.

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