All the daily Finnish business news that works: Invesdor, Wärtsilä and Finnair make headlines. The post The daily brief: 14 January 2020 appeared fir
The daily brief: 14 January 2020

The daily brief: 14 January 2020

The daily brief: 14 January 2020

The daily brief: 14 January 2020

The daily brief: 14 January 2020

The daily brief: 14 January 2020
The daily brief: 14 January 2020
  • 2020-01-14 12:30:09 1 months ago
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Finnair will open a new summer route to Bodø, in northern Norway, for travellers looking for breathtaking nature and fishing adventures.
Finnair

All the daily Finnish business news that works: Invesdor, Wärtsilä and Finnair make headlines.

Invesdor continues its European expansion with fresh funding, Wärtsilä innovates on an LNG solution for short-sea cargo vessels, and Finnair adds another picturesque destination in Norway.

Invesdor raises nearly EUR 1.9 million

Finnish crowdfunding platform Invesdor has raised 1.86 million euros in a closed equity offering from selected large-scale investors, current shareholders and employees. The funding will support Invesdor’s ambition of growing into one of the leading crowdfunding platforms in Europe. Invesdor currently operates in the Nordics, as well as in the DACH region (Germany, Austria and Switzerland) following a merger with Austrian crowd-investing platform Finnest in May 2019.

Invesdor

Wärtsilä wins customised LNG order for Dutch vessels

Finnish technology group Wärtsilä will supply liquefied natural gas (LNG) propulsion and storage systems for four next-generation short-sea cargo vessels built at the WuHu Shipyard in China. Ordered by the Netherlands-based Wijnne & Barends Chartering, the vessels will be among the first of their kind to be powered by LNG. Due to space restrictions onboard the vessels, Wärtsilä customised the solution in close co-operation with the naval architect and owners so it wouldn’t compromise cargo hold space.

Wijnne & Barends

Finnair opens new summer route to Bodø

Finnish airline Finnair has announced new summer flights to Bodø, a town located north of the polar circle in Norway. The route will be operated every Sunday between late May and 13 September, as well as on Wednesdays during the busiest summer season. Bodø’s biggest attraction is the surrounding nature that offers excellent opportunities for hiking and fishing.

Finnair

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The daily brief: 14 January 2020

Left Alliance MP held in Israel over arms trade criticism

Left Alliance MP held in Israel over arms trade criticism

Israeli authorities detained Left Alliance MP Anna Kontula on the Israeli-Gaza border on Monday, according to reports first published by daily Helsingin Sanomat.

Kontula was a member of an international group of activists on the Gaza border, as they attempted to organise a demonstration to draw attention to the situation in Gaza, Kontula said in a statement.

She said that the background to the protest action was the arms trade between Finland and Israeli companies, which Kontula said must be stopped. Kontula said that Finland’s arms exports to Israel promote continued Israeli occupation and military activities in the region.

"Last autumn we received a great deal of information that led us to anticipate that the arms trade between Finland and Israel is growing and not declining as should be the case with a violator of international law," she declared.

Kontula told Yle that she had been detained for more than 10 hours until Monday evening. The Left Alliance MP said that for the most part, she had been treated well during her detention.

"Attempts were made to pressure me into signing a document in Hebrew, in which I would have acknowledged various suspicions, such as endangering security, in addition to other suspected crimes," Kontula said.

She added that she did not sign the document. Kontula is expected to return to Finland on Tuesday.

Households pay more for electricity in 2019

Households pay more for electricity in 2019

In 2019, Finnish households' electricity bills rose by 33 euros. However Finland’s Energy Authority said that on a European scale, power is still relatively affordable in the country.

The authority also pointed out that electricity prices rose more in 2018 than they did in 2019. Every year, around ten percent of households looking for a better deal switch electricity providers.

Finland’s energy production levels have remained steady for the past two years. Electricity imports from Sweden have meanwhile grown in pace with exports to Estonia.

In 2019, 23 out of 77 electricity network companies raised their prices, with hikes ranging from 3-15 percent. The Energy Authority said price increases mainly hit consumers in eastern parts of the country and in southern Finland beyond the Uusimaa region.

Electricity network companies said they're using 9.7 billion euros between 2014 and 2036 to repair and maintain their networks.

The ongoing mild and relatively snowless winter in southern Finland has meant Finland should have enough energy reserves to make it through the cold season.