(IN BRIEF) The Nordic Investment Bank (NIB) announces a robust performance for the first quarter of 2024, with close to EUR 1 billion in new lending signed and EUR 643 million disbursed. The bank’s annual meeting of the Board of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News
Tagged André Küüsvek, Financial, green financing, investment, NIB, sustainability
(IN BRIEF) Finnvera, committed to promoting climate-friendly investments, announces plans for low-emission investments worth over EUR 200 billion, aligning with the Paris Climate Agreement’s goal of limiting global warming to 1.5 degrees. With a focus on reducing carbon footprints, Finnvera … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology
Tagged climate-friendly, Financial, Finnvera, investments, Jussi Haarasilta, Nina Karisalo, sustainability
(IN BRIEF) Neste, a leader in renewable fuels and circular economy solutions, unveiled its first-quarter 2024 results, demonstrating resilience amidst a weak renewables market. Despite challenges, the company reported a comparable EBITDA of EUR 551 million, reflecting a proactive approach … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, investment, Matti Lehmus, Neste, Renewables Market
(IN BRIEF) Nordic Investment Bank (NIB) and Aktia Bank Plc have joined forces in a seven-year EUR 75 million loan agreement aimed at supporting small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs), and environmental projects in Finland. With a commitment … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News, Small Business, Sweden
Tagged Aktia Bank, André Küüsvek, environmental projects, Finland, Juha Hammarén, NIB, partnership, SMEs, sustainability, Sweden
(IN BRIEF) Nordic Investment Bank (NIB) and Husqvarna AB, a Swedish outdoor power products manufacturer, have inked a EUR 100 million 7-year loan pact to fund research and development (R&D) efforts from 2022 to 2024 in electrifying motorized equipment. … Read the full press release
Posted in Banks, Business, Electronics & Machinery, Environment, Financial, Finland, Industrial, Investment, Management, News, Sweden, Technology
Tagged Electric Equipment R&D, Husqvarna, NIB, Nicolas Audibert, partnership, sustainability, Sweden
(IN BRIEF) Finnvera, Finland’s export credit agency, has granted Nokia’s 5G deliveries a buyer credit guarantee worth USD 1.5 billion, marking one of its largest financing arrangements in history. The deal supports Nokia’s pivotal role in India’s 5G revolution, where … Read the full press release
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged 5G network, Finnvera, INDIA, Jussi Haarasilta, Miska Kuhalampi, Nokia, partnership, Reliance Jio
(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Helen Ltd, Helsinki, investment, partnership, renewable energy, sustainability, Thomas Östros, Timo Rajala
(IN BRIEF) Outokumpu, in line with its company strategy announced in November 2023, has concluded negotiations with employee representatives regarding restructuring measures in Germany. The plan involves shutting down operations at the Dahlerbrück and Hockenheim sites and centralizing advanced materials … Read the full press release
Posted in Business, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Outokumpu, partnership, Restructuring Negotiations, Thomas Anstots
(IN BRIEF) In a recent analysis, Helge Pedersen, Nordea Group Chief Economist, emphasizes the global economic resilience, signaling a potential soft landing. However, strong labor markets pose challenges for monetary policy, especially with the new geopolitical dynamics. While Norway and … Read the full press release
Posted in Banks, Business, Economy, Financial, Finland, Government, Industrial, Investment, Management, News
Tagged economic resilience, Financial, global challenges, Helge Pedersen, investment, Nordea Group
(IN BRIEF) Neste, a leading provider of renewable fuels and sustainable solutions, has honored several contractors globally with the Contractor Safety Award as part of its annual Safety Week, commencing on April 22. The award acknowledges contractors’ outstanding safety commitment … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Finland, Industrial, Management, News, Security & Safety
Tagged Award, Contractor Safety Award, Global Contractors, Hannele Jakosuo-Jansson, Neste, safety, Safety Week
(IN BRIEF) Outokumpu has announced the publication of its interim report for January–March 2024 on May 7, 2024, at approximately 9:00 am EEST. Following the report’s release, a live webcast and conference call will be conducted at 3:00 pm EEST, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Financial, Heikki Malinen, investment, Linda Häkkilä, Outokumpu, Pia Aaltonen-Forsell, Q1 2024 Interim Report, webcast
(IN BRIEF) Neste, a global leader in renewable fuels and sustainable feedstock, is showcasing its Neste RE™ feedstock at Chinaplas 2024 in Shanghai. Neste RE™, derived from bio-based and chemically recycled materials, offers a significant reduction in the carbon footprint … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Government, Industrial, Investment, Management, Media, News
Tagged Carrie Song, Neste, Neste RE™, Plastics Manufacturing, Renewable and Recycled Feedstock, sustainability
(IN BRIEF) Outokumpu Corporation has announced the appointment of Marc-Simon Schaar as its Chief Financial Officer, effective June 1, 2024. Schaar, who holds an M.Sc. in International Business and is a Chartered Accountant, brings over a decade of experience in … Read the full press release
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged appointment, Chief Financial Officer, Heikki Malinen, leadership, Marc-Simon Schaar, Outokumpu
(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged Andreas Teir, chemicals, Discarded Tires, Enviro Systems, High-Quality Raw Material, Neste, partnership, plastics, pyrolysis oil, recycling, Susanna Sieppi, sustainability, Sweden
(IN BRIEF) Neste, a global leader in renewable diesel production, teams up with New Jersey Natural Gas (NJNG) to tackle greenhouse gas emissions by adopting Neste MY Renewable Diesel™ for NJNG’s medium-duty trucks and equipment fleet. This initiative marks NJNG … Read the full press release
(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Egidijus Lazauskas, EIB, Electric and Battery Trains, investment, Jeanette Vitasp, Lithuania, LTG Link, Marius Skuodis, NIB, rail electrification, Thomas Östros
(IN BRIEF) Researchers at the Institute for Atmospheric and Earth System Research (INAR) at the University of Helsinki have discovered that modern weather models accurately predict the energy emitted and reflected by the Earth, affecting the movements of low Earth-orbiting … Read the full press release
Posted in Aviation & Aerospace, Business, Education, Environment, Financial, Finland, Industrial, Investment, Management, News, Science, Technology
Tagged Institute for Atmospheric and Earth System Research (INAR), Modern Weather Models, partnership, Sanam Motlaghzadeh, Satellite Movement Predictions, sustainability, University of Helsinki
(IN BRIEF) In celebration of Earth Day, ZWILLING collaborates with Outokumpu to launch a special edition knife block set crafted with Circle Green Dura stainless steel, embodying sustainability and style. The initiative underscores Outokumpu’s commitment to reducing carbon emissions in … Read the full press release
Posted in Business, Environment, Finland, Industrial, Management, Metals and Minerals, News
Tagged Christian Koch, Circle Green® Steel, Earth Day, Knife Set, Outokumpu, partnership, STAHL KREBS, sustainability, ZWILLING
(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release
(IN BRIEF) Metsä Group partners with ANDRITZ to conduct a pre-study for a groundbreaking commercial mill dedicated to producing Kuura textile fiber, a sustainable product derived from Finnish wood. This collaboration aims to develop innovative pulp pre-treatment methods, integrate textile … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Investment, News, Technology
Tagged Andritz, Finland, Kari Tuominen, Kuura Fiber Production, Metsä Group, Niklas von Weymarn, partnership, sustainability
(IN BRIEF) Citycon Oyj’s Board of Directors has approved the launch of a new stock option plan and restricted share unit plan aimed at the Chief Executive Officer, aiming to enhance alignment between shareholder objectives and CEO incentives while bolstering … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Management, News, Real Estate, Retail
Tagged CEO Objectives, Citycon, Financial, Incentive Plans, investment, Shareholder Value
(IN BRIEF) Citycon introduces Spotlight, a dynamic suite of flexible solutions designed to enhance retailer visibility in its Nordic region centres, catering to the evolving retail landscape. Spotlight extends beyond traditional leasing, offering retailers prime exposure in high-traffic areas through … Read the full press release
Posted in Business, Finland, Industrial, Management, News, Real Estate, Retail, Technology
Tagged Citycon, Jussi Vyyryläinen, Nordic Centres, retailers, Spotlight Solutions
(IN BRIEF) BASF announces the commencement of change negotiations at its precursor cathode active materials plant in Harjavalta, Finland, due to prolonged permitting processes and regulatory uncertainty. The decision, prompted by the suspension of the environmental permit’s immediate enforcement by … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged BASF, Finland, Harjavalta Plant, negotiations, partnership, sustainability, Tomi Oja
(IN BRIEF) Nokia has disclosed that it will unveil its first-quarter interim report on April 18, 2024, at 8 a.m. Finnish time, with the report promptly available on the company’s website. The summary will emphasize Nokia Group’s financial performance and … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, News, Technology, Telecom
Tagged Analyst Webcast, Financial, First-Quarter Interim Report, investment, Nokia
(IN BRIEF) In a bid to accelerate the transition towards a circular economy, Borealis has announced a significant investment of EUR 4.5 million in the cracker furnaces of its Porvoo site. This investment aims to increase the utilization of renewable … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Technology
Tagged Air Navigation Technologies, André Küüsvek, Dāvids Tauriņš, Latvian Air Transport Infrastructure Company, Latvijas Gaisa Satiksme (LGS), NIB, partnership, sustainability
(IN BRIEF) A study conducted at the University of Helsinki under the DyslexiaBaby project reveals that infants’ neural responses to speech sounds can predict their later development of language and literacy skills. Stronger neural responses in the left side of … Read the full press release
(IN BRIEF) Cargotec Corporation has approved a demerger plan, separating the Kalmar business area into an independent listed company by June 30, 2024. Shareholders, representing a significant portion of Cargotec’s shares and votes, have expressed support for the demerger. Consequently, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, Financials, investment, Kalmar
(IN BRIEF) Metso Corporation’s Tampere factory in the Aggregates business area faces challenges with low new orders and delays in material deliveries, resulting in increased inventories of finished goods. To align manufacturing with the temporarily reduced production volumes, Metso has … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Management, Metals and Minerals, News
Tagged Financial, Metso, Tampere Factory
(IN BRIEF) The Bicentennial Schools Programme, a collaborative effort between the Government of Peru, the UK Government, and Finland, aims to bolster school infrastructure and enhance access to education by constructing 75 schools across Peru. AFRY, as part of the … Read the full press release
Posted in Business, Construction, Education, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, United Kingdom
Tagged AFRY, Education Infrastructure, Finland, Koulu Consortium, partnership, PERU, sustainability, UK Government
(IN BRIEF) Fortum, a leading clean energy provider, has completed the due diligence process after submitting an official commitment letter for the Science Based Targets initiative (SBTi). With a goal to align its emissions reduction targets with climate science, Fortum … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged climate science, Emissions Reduction Targets, Fortum, Markus Rauramo, sustainability
(IN BRIEF) Outokumpu Oyj’s Annual General Meeting held in Helsinki, Finland, endorsed all proposals by the Board of Directors and the Shareholders’ Nomination Board. The meeting approved financial statements, discharged liability for the Board and CEO for the year 2023, … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Annual General Meeting 2024, appointment, Heinz Jörg Fuhrmann, Julia Woodhouse, Jyrki Mäki-Kala, Kari Jordan, Kati ter Horst, leadership, Outokumpu, Päivi Luostarinen, Petter Söderström, Pierre Vareille, PricewaterhouseCoopers Oy
(IN BRIEF) Outokumpu Oyj’s Board of Directors, at its inaugural meeting, has established two permanent committees: the Audit Committee and the Remuneration Committee. For the Audit Committee, Jyrki Mäki-Kala was elected as Chairman, with Päivi Luostarinen, Petter Söderström, and Julia … Read the full press release
(IN BRIEF) Researchers at the University of Helsinki’s Institute for Atmospheric and Earth System Research (INAR) conducted a study in Finland’s Siikaneva peatland, revealing significant insights into pre-industrial aerosol formation processes. The investigation highlighted the release of highly oxygenated organic … Read the full press release
(IN BRIEF) Vaisala, a leading provider of instruments and intelligence for climate action, has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emission reduction targets. These targets commit Vaisala to reducing its direct and indirect … Read the full press release
Posted in Business, Environment, Finland, Industrial, Management, News
Tagged Anne Jalkala, Emission Reduction Targets, Science-Based Approval, sustainability, Vaisala
(IN BRIEF) Vodafone and Nokia have conducted successful tests of a new Internet technology that promises to significantly enhance the home broadband experience, particularly for activities like gaming and video calls. The technology, known as L4S (Low Latency, Low Loss, … Read the full press release
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged Azimeh Sefidcon, Finland, Gavin Young, Home Broadband, Internet Technology, L4S (Low Latency Low Loss and Scalable throughput), Nokia, partnership, vodafone
(IN BRIEF) Three Mushketeers, a startup founded by Emmi Korjus, Emma Kynkäniemi, and Ida Nikkilä, is revolutionizing the use of surplus mushrooms by creating a mushroom powder that enhances the taste of vegetarian dishes. The powder, currently in its second … Read the full press release
(IN BRIEF) Hiab, a division of Cargotec, has announced a significant order worth EUR 7.3 million for WALTCO tail lifts in the US from a national discount retailer, booked in Cargotec’s Q1 2024 orders. The retailer, with numerous stores across … Read the full press release
Posted in Business, Financial, Finland, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, Hiab, James Peck, partnership, US retailer, WALTCO Tail Lifts
(IN BRIEF) The University of Helsinki has initiated a doctoral education pilot, sponsored by the Finnish Ministry of Education and Culture, offering three-year positions for doctoral researchers. With 236 vacancies across 11 sectoral pilots, the application period runs until April … Read the full press release
(IN BRIEF) Stora Enso has released its Green and Sustainability-Linked Financing Report for 2023, highlighting the allocation of proceeds from green bonds and bilateral loans. The report details the environmental benefits achieved through projects in sustainable forest management and product … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
