(IN BRIEF) NIQ-GfK’s pan-European analysis finds that average per-capita spending on clothing and shoes in 25 countries is €772, with Luxembourg (€1 777), Switzerland (€1 096) and Norway (€1 034) at the top and Romania (€375) at the bottom; fashion … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Retail
Tagged Berlin, Bucharest, clothing and shoes, Europe, Filip Vojtech, Finland, Germany, Giurgiu, Hamburg, Luxembourg, Milan, Munich, NIQ-GfK, Norway, purchasing power, regional disparities, Romania, Rome, Spain, Sweden, Switzerland, United Kingdom
(IN BRIEF) The Food 2.0 project seeks to create a resilient food system by integrating circular economy practices and sustainability. Bridging the gap between academia and industry is key to translating research into practical solutions. Through initiatives such as rapid-fire … Read the full press release
Posted in Business, Economy, Education, Environment, Financial, Food & Beverage, Industrial, Investment, Management, Marketing, News, Technology
Tagged academia-industry cooperation, academic collaboration, Business Finland, cellular agriculture, circular economy, Finland, Finnish Food RDI forum, Food 2.0, food export strategy, food exports, food production, food sector innovation, Industry innovation, partnership, Research and Innovation, sustainability, sustainable growth
(IN BRIEF) A study by the University of Helsinki has uncovered why some breast cancer treatments, including immunotherapy, may not be effective for all patients. The research, focusing on the mechanical properties of tumor tissue, shows that softer tissue environments … Read the full press release
Posted in Business, Education, Financial, Finland, Healthcare, Industrial, Investment, Management, News, Science, Technology
Tagged breast cancer, cancer research, cancer treatment, Finland, global research collaboration, HUS Helsinki University Hospital, immunotherapy, Kymenlaakso Health, MD-PhD student Aino Peura, Nature Communications, personalized medicine, tissue microenvironment, tumor progression, University of Helsinki
(IN BRIEF) Valio is a key partner in the EU-funded PRIMARY project, which aims to transform agricultural by-products into valuable resources. As part of the project, Valio is exploring grass biorefinery innovations, including using grass juice to fortify feed protein … Read the full press release
Posted in Agriculture, Business, Environment, Estonia, European Union, Financial, Finland, Food & Beverage, Government, Greece, Industrial, Investment, Management, News, Science, Small Business, Technology
Tagged agricultural by-products, bio-based materials, bioeconomy, bioenergy, biorefinery, cotton by-products, dairy farms, Estonia, EU, fermentation, Finland, grass biorefineries, Greece, Horizon Europe, olive residues, partnership, PRIMARY project, protein fortification, protein self-sufficiency, renewable energy, sustainability, Valio, VTT Technical Research Centre
(IN BRIEF) Valio is leading the Food 2.0 initiative, a five-year research and development program focused on building a sustainable and resource-efficient food system in Finland. With over 170 partners, Food 2.0 is investing 100 million euros in R&D, aiming … Read the full press release
Posted in Business, Environment, Financial, Finland, Food & Beverage, Industrial, Investment, Management, Marketing, News, Science, Technology
Tagged AGCLIMATE, agricultural innovation, AlgaCircle, Animal Welfare, Business Finland, carbon, circular economy, FABulOATS, fermentation, Finland, Food 2.0, FoodID, greenhouse gas emissions, partnership, plant-based proteins, Regenerative Agriculture, research and development, research funding, sustainability, sustainable food system, Valio
(IN BRIEF) OP Financial Group has expanded its partnership with Accenture to modernize Pohjola Insurance, focusing on enhancing agility, operational efficiency, and customer experience. The collaboration includes implementing a cloud-based Guidewire platform to streamline IT applications, generate operational savings, and … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Finland, Government, Industrial, Insurance, Investment, Ireland, Management, Marketing, News, Technology
Tagged Accenture, AI-driven transformation, automation, business modernization, cloud-based solutions, customer experience, digital transformation, Finland, generative AI, Guidewire platform, insurance innovation, non-life insurance, OP Financial Group, partnership, Pohjola Insurance
(IN BRIEF) Koppö Energia has chosen thyssenkrupp Uhde’s green methanol technology for its e-methanol plant in Kristinestad, Finland, part of a power-to-x project aimed at producing sustainable e-methanol for maritime and e-gasoline markets. This plant will capture CO2 and use … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CO2 capture, e-methanol, energy transition, Finland, GREEN HYDROGEN, green methanol technology, Koppö Energia, maritime fuel, partnership, Power-to-X, renewable energy, sustainable fuels, sustainabulity, ThyssenKrupp Uhde
(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in financing to Helsinki for the development of the Crown Bridges Light Rail project, which will extend the city’s tram network to three eastern suburbs. The project includes the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged bike lanes, Climate Action, Crown Bridges Light Rail, EIB financing, European Investment Bank, Finland, Green Infrastructure, greenhouse gas emissions, Helsinki, Kruunuvuorensilta Bridge, partnership, pedestrian pathways, public transport, Ruskeasuo depot, sustainability, sustainable transport, Thomas Östros, tramline, urban development
(IN BRIEF) Vaisala’s Xweather Optimize enhances the accuracy of weather forecasts for district heating providers, leading to savings of up to €300,000 annually. By improving forecast accuracy, district heating operators can optimize energy production and distribution, reduce operational costs, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged cost savings, district heating, district heating networks, energy efficiency, energy savings, energy trading, Finland, Fortum, Machine Learning, sustainability, Vaisala, weather forecasts, weather sensor network, Xweather Optimize
(IN BRIEF) Valio’s updated sustainability bonus program for 2025 will distribute nearly EUR 60 million to its dairy farms, rewarding actions that improve animal welfare, reduce carbon footprints, and support biodiversity. With an emphasis on climate actions such as carbon … Read the full press release
(IN BRIEF) Eckerö Line has become the first Finnish maritime company to use Neste MY Renewable Diesel in commercial operations, helping it meet the 2% emissions reduction target of the 2025 FuelEU Maritime regulation. The renewable diesel, produced from 100% … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged 2025 regulations, Baltic Sea, biofuels, commercial maritime, Eckerö Line, EU RED II, Finland, FuelEU Maritime, green shipping, Helsinki, Joni Pihlström, maritime emissions, Neste, Neste MY Renewable Diesel, partnership, renewable fuels, sustainability, sustainable transport, Tallinn, Taru Keronen, waste-based diesel
(IN BRIEF) The Nordic Investment Bank (NIB) has granted an €8 million loan to Kiinteistö Oy Biomedicum Helsinki to finance the renovation of Biomedicum 1, a key research and education building in the Meilahti medical campus. Scheduled for completion by … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Finland, Investment, Management, News
Tagged AAA credit rating, Biomedicum Helsinki, district heating, energy efficiency, EU green goals, Finland, healthcare infrastructure, heat recovery, Helsinki, Kiinteistö Oy Biomedicum, Meilahti medical campus, NIB, Nordic Investment Bank, public sector investment, real estate renovation, renewable energy, sustainable infrastructure, University of Helsinki
(IN BRIEF) Outokumpu is converting EUR 2.5 million of its outstanding convertible bond into 941,832 new shares and simultaneously canceling an equal number of treasury shares to keep its total share count unchanged. Following the transaction, the company will retain … Read the full press release
(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 337 wind turbines, average sales price, Brazil, Finland, Germany, José Luis Blanco, Latvia, Market Growth, Nordex Group, order intake, order performance, partnership, projects segment, Q1 2025, sustainability, Türkiye, wind energy
(IN BRIEF) Swedish renewable energy company OX2 placed two significant orders with the Nordex Group for 70 N175/6.X wind turbines, marking the first use of this new turbine model in the Nordic region. The orders, which come with a 35-year … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged 35-year maintenance contract, 472 MW, Advanced Anti-Icing System, Central Ostrobothnia, cold climate adaptations, Delta4000 series, Finland, Honkakangas, José Luis Blanco, N175/6.X, Nordex Group, OX2, partnership, Rajamäenkylä, renewable energy, South Ostrobothnia, sustainability, sustainable future, tubular steel towers, wind turbines
(IN BRIEF) Saab has launched serial production of its advanced passive electronic warfare sensor, Sirius Compact, at a new facility in Tampere, Finland. The opening, attended by Finland’s Minister of Finance and Deputy Prime Minister Riikka Purra and Tampere’s Mayor … Read the full press release
Posted in Business, Defence, Financial, Finland, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged C-ESM, electronic warfare, export growth, Finland, Kalervo Kummola, Kristian Tornivaara, modular sensor, partnership, passive electronic warfare sensor, production facility, R-ESM, Riikka Purra, Saab, Saab Finland, scalable sensor, serial production, Sirius Compact, situational awareness, Tampere
(IN BRIEF) Outokumpu has partnered with Alfa Laval and SSAB to provide cutting-edge plate heat exchangers for the Laakso Joint Hospital project in Helsinki. As part of a major redevelopment effort led by the City of Helsinki and Helsinki University … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged advanced materials, Alfa Laval, carbon footprint, Circle Green, cooling system, decarbonization, energy-efficient, Finland, green steel, Helsinki, hydrogen, Laakso Joint Hospital, low-emission, Outokumpu, partnership, plate heat exchangers, renewable energy, SSAB, SSAB Zero, sustainability, sustainable stainless steel, sustainable urbanization
(IN BRIEF) In March 2024, Metso launched its largest global service center in Karratha, Western Australia, located in the heart of the Pilbara mining region. The state-of-the-art facility provides comprehensive 24/7 maintenance and repair solutions for heavy mining equipment, ensuring … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged 17, 24/7 operations, apprenticeship programs, Asia Pacific, AUD 52 million, Chris Gadeke, employee safety, Espoo, EUR 32 million, Finland, global service network, Great Place to Work, iron ore, Karratha, largest service center, lithium, maintenance, Metso, mining, Nasdaq Helsinki, net-zero CO2, Pilbara, repair solutions, Stuart Sneyd, sustainability, Western Australia
(IN BRIEF) IKEA is enhancing its customer service by launching 24/7 pick-up lockers in Finland, which are connected to a new, €55 million distribution center in Lommila. This strategic development redefines the function of traditional warehouses by merging operational fulfillment … Read the full press release
Posted in Business, Finland, Netherlands, Retail
Tagged 24/7 pick-up lockers, biodiversity initiatives, customer service, Digital Integration, distribution center, electric vehicle deliveries, Finland, fulfillment, geothermal heating, IKEA, IKEA Retail, Ingka Group, Lommila, Marcus Baumgartner, retail innovation, solar panels, sustainability, UK, €55 million investment
(IN BRIEF) Stora Enso has commenced the production ramp-up of its new consumer packaging board line at its Oulu facility in Finland, with initial deliveries scheduled for Q2 2025. The project, which began in 2022 by converting an idle paper … Read the full press release
Posted in Business, Environment, Finland, Industrial, Marketing
Tagged 2025, 2027, annual capacity, biomaterials, coated unbleached kraft, consumer packaging board, CUK, EBITDA breakeven, Enocell, EUR 1 billion, EUR 800 million, FBB, Finland, folding box board, full capacity, Hans Sohlström, integrated mega-site, Junnikkala sawmills, kraftliner, local wood supply, Nasdaq Helsinki, Nasdaq Stockholm, Oulu site, packaging, production ramp-up, Q2 2025, renewable packaging, Renewable Products, Skoghall, Stora Enso, sustainable, Sweden, unbleached pulp, Veracel, wood consumption, wooden construction
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