Representatives of Finland’s Valmet Automotive and the Netherland’s Lightyear posed for a photograph next to a prototype of Lightyear One. (Handout – Valmet Automotive)

VALMET AUTOMOTIVE has signed a letter of intent for manufacturing Lightyear One, an electric vehicle powered partly by integrated solar cells designed by the Netherland’s Lightyear.

The Finnish automotive maker is set to commence manufacturing the electric vehicles in the first half of next year at its assembly plant in Uusikaupunki, Southern Finland. The contract manufacturing agreement outlined in the letter of intent is to be finalised by the end of August.

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In response to today's publication of the European Commission's "Fit for 55" package - a package of policy and laws to bring the taxation of energy and electricity into line with the European Green Deal and EU commitment to carbon neutrality, Rebecca Hubbard, Program Director for Our Fish said:

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Space missions are increasingly becoming popular, with companies moving towards enabling private citizens to have a glimpse of the orbit away from the professional astronauts. The interest in space travel is increasing the number of orbital launches.

Data acquired by Finbold indicates that the global number of orbital rockets launched in 2021 H1 surged 43.9% compared to the first half of 2020.

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A customer entering an office of the Finnish Immigration Service (Migri) in Helsinki on 31 October 2019. (Vesa Moilanen – Lehtikuva)

FINNISH companies and employer organisations have expressed their concerns about the red tape surrounding employment-based immigration to Finland.

Helsingin Sanomat on Tuesday reported that employers are concerned that the lengthy permit procedures will inhibit their ability to recruit skilled labour once economies around the world begin breaking free from the shackles imposed by the coronavirus pandemic.

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® NOAA/Marine Debris Program

Tourism businesses and destinations are stepping up their commitment to sustainability. Aimed at reducing waste and pollution across the sector, the Global Tourism Plastics Initiative (GTPI) is welcoming 32 new signatories, with every global region represented behind the shared goal.

The Initiative unites the tourism sector behind a common vision to address the root causes of plastic pollution.

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The European Union (EU) has fined five-car manufactures, including BMW and Volkswagen, USD 1 billion for breaking antitrust rules on emissions.

"Today, the commission took a decision against five car manufacturers: Daimler, BMW, as well as Volkswagen, Audi and Porsche, which are part of the Volkswagen group. The commission imposed a total fine of 875 million euros.

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The famous Chinese pharmaceuticals company Shanghai Pharmaceuticals Holding Co. has acquired 100% of the share capital of the Finnish dental equipment manufacturer Fimet Oy. Fimet Oy is a well known dental equipment manufacturer that manufacturers and sells dental care units in Europe and China.

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Pohjola Insurance Ltd will sell the entire share capital of Pohjola Hospital Ltd to Pihlajalinna Terveys Oy, part of the Pihlajalinna Plc Group. As part of the acquisition, Pohjola Insurance and Pihlajalinna will sign a long-term cooperation agreement on the provision of health services for customers of Pohjola Insurance. 

Pohjola Hospital is a hospital chain that specialises in orthopaedic care,

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YIT and Fidus Vuokratalot Oy, a company founded by Sirius Capital Oy, have signed an agreement on the construction of 13 rental housing properties in Finland. The agreements concern more than 700 apartments.

The final implementation contract has been signed for the first four residential development projects and it will be entered in the order book for the second quarter of the year.

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