Teosto collected EUR 70.1 million in royalties for composers, lyricists, arrangers and music publishers. The amount includes royalties collected by Teosto and by other collective management organisations for Teosto as well as compensation for lending and private copying. This information is included in Teosto’s annual report and financial statements, which were approved by Teosto’s General Meeting on 18 May 2022.

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The number of people looking for a way to make an income while laying on their sofas is growing immensely. Nowadays, everyone is trying to come up with a mind-blowing business idea that would generate profits and passive income every day of the year. But is it really that easy to start a profitable business?

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A new call for applications for the ICLEI Action Fund is officially open. Non-profit and civil society organisations can now apply to receive up to 1 million EUR each to implement data-driven action to help cities reduce emissions and build resilience to climate change. The deadline to submit a proposal is 24 July 2022.

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Photo: ©Gorodenkoff - stock.adobe.com

Startup entrepreneurship is seen as a new and revolutionary phenomenon in Finland. However, the roots of startup entrepreneurship date back to the 1990s, according to a recent dissertation by Henri Koskinen, M.Sc. At the same time, startup entrepreneurship has changed the perception of entrepreneurship. - Entrepreneurship is not only seen as independent, disciplined work, but as a relaxed and pleasant togetherness and buzz, Koskinen says.

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The majority of companies that responded to the first Finnish startup barometer estimate that they will increase their headcount in the near future. At the same time, more than half say the shortage of skilled labor is the biggest barrier to business growth.

As many as 75 percent of startups reported a slight or large increase in staff over the past three months.

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Joachim Specht and Esa Härmälä of Fennovoima reacted in a news conference held in Helsinki on Monday, 2 May 2022. (Roni Rekomaa – Lehtikuva)

ROSATOM, the Russian state-owned atomic energy company, has expressed its disappointment and puzzlement with the termination of the plant delivery contract for Hanhikivi 1, the nuclear power plant project of Fennovoima in Pyhäjoki, North Ostrobothnia, reports YLE.

“The reasons for this decision are completely inexplicable to us,” reads a statement put out by RAOS Voima, the Finnish subsidiary of Rosatom.

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Fennovoima CEO Joachim Specht and Fennovoiman board of directors chairman Esa Härmälä (R) at the Fennovoima press conference in Helsinki on 2nd of May 2022.

Fennovoima has terminated the EPC contract of plant delivery with RAOS Project due to RAOS Project's significant delays and inability to deliver the project. There have been significant and growing delays during the last years. The war in Ukraine has worsened the risks for the project. RAOS has been unable to mitigate any of the risks.

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Topi Manner, the CEO of Finnair, reacted at the earnings call of the Finnish majority state-owned airline at Helsinki Airport on Wednesday, 27 April 2022. (Vesa Moilanen – Lehtikuva)

FINNAIR on Wednesday reported its ninth consecutive loss-making quarter, posting a comparable operating result of almost -133 million euros for the first three months of 2022.

The Finnish majority state-owned airline stated that its operating environment has undergone a dramatic change due to travel restrictions in China, Japan and South Korea, and the shutdown of Russian airspace.

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Finnish Startup Community's CEO Riikka Pakarinen at an SSY breakfast reception in Helsinki on 21st of April 2022 announcing the FSC's goals for the next governmental program.

The Finnish Startup Community announced today its new, community-driven policy goals for the future governmental program. The community's political goals stem from the community's nearly 130 member companies, including Finland's largest growth companies and the early-stage startups. These goals summarize the wishes and concrete ideas of the Finnish startup ecosystem for Finnish policymakers.

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