Category: finland
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Study Reveals Finland’s Social Enterprises as Key Players in Service Production and Public Procurement Innovation
A comprehensive study on the social innovations of social enterprises has been conducted for the first time in Finland, highlighting the significant potential they hold in service production and public procurement. These findings provide an important message, particularly to policymakers and decision-makers responsible for innovation policies, funding, and public procurement. Social enterprises are already making…
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Finland Reports Increase in Trips Abroad Across Various Categories in Early 2023
Finland experienced a notable surge in trips abroad during the early months of 2023, reflecting a positive trend in international travel. The latest data reveals significant changes in the number of trips, overnight stays, and average trip lengths across different trip purposes and types. Total Trips: Leisure Trips: Business Trips: The data for January and…
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Analysis Reveals Voting Trends in Finnish Parliamentary Elections 2023: Highest Turnout Among Elderly Voters
In the recently concluded Parliamentary elections held on 5th April 2023, Statistics Finland has released data that sheds light on the background factors of voters. The analysis examines various demographic and socio-economic factors, providing valuable insights into voter behavior. According to the data, voter turnout was highest among individuals aged 65 to 72, with over…
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Job Vacancies in Finland Decline in First Quarter of 2023 Compared to Last Year
According to the latest job vacancy survey by Statistics Finland, the number of open job vacancies in the first quarter of 2023 decreased compared to the same period last year. The survey, which captures data from the first day of March, reveals that there were 80,800 open job vacancies in the first quarter of 2023,…
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Price Index of Single Family House Plots Reveals Fluctuations Across Regions in Finland
The latest data on the price index of single-family house plots in Finland provides insights into the fluctuations experienced across different regions. The index, with a base year of 2015 set at 100, offers a quarterly and annual comparison of changes in prices and real price indexes, along with additional information on price per square…
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Finnish Authorities Impose €2.4 Million Conditional Fine on BML Group Ltd. for Violating Gambling Marketing Regulations
In a significant move, the National Police Board of Finland has prohibited BML Group Ltd., a subsidiary of Betsson AB, from marketing its gambling services in the country. The decision, made on 7th April 2023, comes after the company was found to be in violation of the Finnish Lotteries Act. As part of the enforcement,…
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Finnish startups to benefit from Finland’s participation in NATO’s Innovation Fund with €1 billion investment and Tesi’s €35 million contribution
Helsinki, May 17, 2023 – Finland’s membership in NATO opens up new opportunities for Finnish startups. Finland’s application to participate in the NATO Innovation Fund was approved at the fund’s meeting in Athens on May 9, 2023. Tesi, the Finnish state-owned investment company, will invest 35 million euros in the fund. This collaboration provides Finnish…
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Finland’s Government Submits Letters to Parliament on EU’s Initiatives for Increasing Self-Sufficiency in Europe
On May 17, 2023, the government submitted two letters from the Cabinet to the Parliament regarding carbon-neutral technology, also known as “net-zero technology,” and the promotion of access to critical raw materials. On March 16, 2023, the European Commission unveiled two legislative proposals aimed at accelerating the green transition and strengthening the EU’s self-sufficiency. Technology…
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Inflation Soars to 7.9% in April 2023, Reflecting Rising Consumer Prices in Finland
According to the latest data released by Statistics Finland, the year-on-year change in consumer prices reached 7.9% in April. This figure remains unchanged from the previous month, reflecting a continued surge in inflationary pressures. Several key factors contributed to the increase in consumer prices in April compared to the same period last year. Notably, rises…
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Turnover in Industry Surges by 5.3% in March 2023, Continuing Steady Growth Trend
The latest data from Statistics Finland reveals that turnover in the industrial sector experienced a significant increase of 5.3% in March 2023 compared to the same month in the previous year. This marks a continuation of the consistent growth in turnover that has been observed since January 2021. Among the key findings, the sector experiencing…
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Turnover in Trade Grows by 0.2% in March 2023, According to Statistics Finland
According to Statistics Finland, the working day adjusted turnover in total trade grew by 0.2% in March 2023 from one year ago. However, the working day adjusted volume of sales in total trade decreased by 3.8%, as the rise in prices reduced the volume of sales in trade in March compared to a year ago.…
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Service Industries Experience 8.2% Turnover Growth and 3.5% Volume Increase in March 2023: Statistics Finland
Service industries in Finland experienced a growth in turnover of 8.2% and volume of 3.5% in March 2023 as compared to the same period in 2022, according to data from Statistics Finland. In February 2023, turnover had grown by 12.3% while the volume had increased by 5.4%. This growth trend has been consistent every month…
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Government formation is underway in Finland under the leadership of Petteri Orpo.
The government formation negotiations of 2023 have officially commenced at Ständerhuset, led by government-former Petteri Orpo on Tuesday, May 2nd. The participating parties include the National Coalition Party, the Finns Party, the Swedish People’s Party, and the Christian Democrats. During the government formation negotiations, discussions are held on the government’s program, the number of ministers,…
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Finnish Merchant Fleet Sees Modest Increase in Vessel Numbers in April 2023
According to preliminary data released by Statistics Finland, the size of the Finnish merchant fleet in April 2023 was 1,245 vessels, with the regular merchant fleet accounting for 671 vessels. The number of small vessels was 285, and the gross tonnage of the entire registered merchant fleet was 1,986,502. This represents an increase of two…
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Finnish Citizenship Grants Show a Notable Increase in 2022
Statistics Finland has recently released data indicating that the number of foreign residents granted Finnish citizenship has risen significantly in 2022. The report indicates that 10,198 foreign citizens who are permanently residing in Finland were granted Finnish citizenship in 2022, which is 3,555 more than in 2021. This translates to a significant increase of 54…
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Construction Turnover Increases by 2.7% in March 2023, Sales Volume Decreases by 3.8%
According to new data released by Statistics Finland, the working day adjusted turnover of construction enterprises increased by 2.7% in March 2023 compared to the same period one year ago. However, the volume of sales, after the impact of price changes was eliminated, decreased by 3.8%. The turnover of civil engineering adjusted for working days…
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Supply of Culture Rises from Corona Slump in 2021, But Demand Stagnates: Stats Finland
The supply of culture has started to rebound from the COVID-19 slump in 2021, but the demand for it has not grown much, according to data released by Statistics Finland. The report shows that the supply of culture grew at current prices faster than the supply of the entire economy last year. However, consumption of…
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Finland’s Current Account Deficit in March 2023: Statistics Finland Report
According to the latest report from Statistics Finland, the country’s current account was in deficit in March 2023. The report, which covers the balance of payments and international investment position for March, reveals that the current account showed a deficit of EUR 0.6 billion. This comes after several months of surplus, highlighting a potential shift…
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Working day adjusted wages and salaries sum grew 6.8% YoY in March 2023: Statistics Finland
Wages and salaries sum grew in March 2023, according to new data from Statistics Finland. The working day adjusted wages and salaries sum of the whole economy was 6.8% higher in March 2023 than in March 2022. The seasonally adjusted wages and salaries sum of the whole economy also increased by 0.7% in March from…
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Finland’s International Trade Shows Resilience in 2022 Q4 Despite Pandemic Challenges
Finland’s foreign trade has shown a mixed trend in the first quarter of 2023. According to the latest data from the Finnish Customs, the country’s total exports of goods and services amounted to €27.7 billion, while imports stood at €28.9 billion. In terms of geographic regions, Europe remained the largest trading partner for Finland. In…