Category: finland

According to Statistics Finland, the workday-adjusted turnover of construction companies in November 2023 decreased by 6.8% compared to the same month the previous year. The quantity of sales, excluding the impact of price changes, fell by 6.9%. The weakened performance in the construction of residential buildings primarily contributed to the overall decline in turnover and…

According to preliminary data from Statistics Finland, the seasonally adjusted turnover of the industrial sector decreased by 14.1% in November 2023 compared to the same month in 2022. The seasonally adjusted turnover also saw a month-on-month decline of 2.1% in November 2023 compared to October. This decrease follows a positive trend in October when turnover…

The Finnish Transport Statistics for the third quarter of 2023, released by Statistics Finland, highlight a 20% decrease in the quantity of freight transported by rail compared to the same period in 2022. In contrast, passenger travel remained stable, with 21 million journeys recorded during Q3 2023, mirroring figures from the previous year. Key Highlights:…

According to preliminary data from Statistics Finland, the total energy consumption remained stable at 956 petajoules (PJ) from January to June, identical to the previous year. The commencement of regular electricity production at Olkiluoto 3 in April contributed to the growth in nuclear power production. Furthermore, the significant increase in liquefied natural gas (LNG) imports…

The latest quarterly report from Statistics Finland reveals a 3.6% year-on-year increase in property maintenance costs during the third quarter of 2023 compared to the same period in 2022. Among the components of property maintenance expenses, waste management costs experienced the highest growth, rising by 9.9%. Water and wastewater costs increased by 4.6%, repairs by…

According to Statistics Finland, the energy consumption for housing in 2022 decreased by approximately 4 terawatt-hours (TWh) compared to the previous year. The high prices during the autumn energy crisis led to conservation measures, coupled with the fact that the year experienced milder temperatures. The combined effect resulted in housing energy consumption falling to just…

The Finnish government has decided to close the Raja-Jooseppi border crossing starting Wednesday night, November 30, 2023. With this decision, all border crossings on the Finnish-Russian land border will be closed until December 13. During this period, international protection cannot be sought at the Finnish-Russian land border crossing points. The decision was made during an…

According to the latest corrected release from Statistics Finland on the 2022 Debt Statistics, households with debt in Finland had an average debt of €94,400 in the said year. The corrected figures, released on December 1, 2023, reveal adjustments made to the initial publication on July 4, 2023. Despite nominal increases in average debts and…

According to preliminary data from Statistics Finland, regional value-added, measured at constant prices, increased in a significant number of provinces in 2022. Kainuu, Lapland, and Satakunta experienced the highest growth, driven by both processing and service sectors. Key Highlights: Regional Value-Added Growth: Sectoral Analysis: Employment Trends: Note: The data is based on Statistics Finland’s regional…

As of the end of October 2023, Finland’s preliminary population reached 5,599,869, according to preliminary data from Statistics Finland. The country experienced a population growth of 35,899 individuals from January to October 2023. The increase was primarily driven by net migration, with 48,433 more immigrants than emigrants. Additionally, there were 12,491 fewer births than deaths…

The Ministry of Agriculture and Forestry in Finland has released a Webropol survey today to gather opinions on the reforms made to the Reindeer Husbandry Law. The survey is specifically designed for residents, farmers, and reindeer herders in the reindeer husbandry area. The Reindeer Husbandry Law underwent modifications in 2020, with the central focus being…

According to recent data from Statistics Finland, a significant shift is observed in the Finnish business landscape during the second quarter of 2023. Here are key insights: Business Closures: Business Startups: Changes in Industries: Key Sectors: Comparative Analysis: https://www.stat.fi/julkaisu/cl89swbp3r3zt0bw05dcdpe3t

In a significant gathering in Granada, Spain, on October 6, leaders of EU member states, including Prime Minister Petteri Orpo and Spain’s Prime Minister Pedro Sánchez, issued a joint statement outlining the future priorities of the European Union. Emphasizing the need to ensure the safety, economic prosperity, and social well-being of EU citizens, the leaders…

Companies and municipalities participating in energy efficiency agreements in Finland have collectively implemented nearly 25,000 individual energy efficiency measures between 2017 and 2022. These actions have enhanced annual energy efficiency by almost 12.5 terawatt-hours, equivalent to the annual energy consumption of 625,000 electrically heated small houses. The energy consumption covered by those involved in energy…

According to Statistics Finland, industrial producer prices in Finland experienced an average decrease of 8.4% from August 2022 to August 2023. Producer prices for industrial goods sold in the domestic market decreased by 7.0%, while producer prices for export goods dropped by 10.0%. Key Highlights: Factors Impacting Price Indices: From July to August, industrial producer…

In a recent study conducted by the Bank of Finland, the effects of the European Central Bank’s (ECB) targeted credit easing on the euro area’s economy have been evaluated. The study employs a unique identification approach based on high-frequency web search data, shedding new light on the policy’s impact. The ECB, like many central banks…

The development of information technology and the digitalization of society have transformed the threat landscape, particularly in the domain of cyberspace. With the increasing number of cyber threats and international developments in the cyber operating environment, the significance of international cooperation has become even more pronounced. Finland recently strengthened its multinational collaboration in cyber operations…

The Finnish Property Prices Report for the second quarter of 2023, released by Statistics Finland, reveals a notable decrease in the prices of older detached houses. During this period, the prices of these houses experienced a 9.2% decrease compared to the previous year. However, they saw a marginal increase of 0.6% compared to the previous…

The latest statistics from the Finnish Transport Agency reveal a notable decline in freight transportation by rail in the year 2022. The data indicates a 22% decrease in the amount of freight transported via the country’s railways compared to the previous year. According to the Finnish Transport Agency’s Rail Transport Statistics for 2022, the total…

Finance Minister Riikka Purra’s budget proposal for 2024, alongside the framework for 2024–2027, aims to implement decisions that enhance Finland’s public finances. The proposed budget amounts to 87.2 billion euros, with a deficit of 10.1 billion euros. This budget is 3.7 billion euros higher than the 2023 budget, including the initial supplementary budget. The complete…