Economy

Iberdrola to acquire Finland’s largest electricity distributor Caruna in €5 billion deal amid regulatory, political, and consumer scrutiny—timeline extended to 2027, price hike risks and national ownership debate intensify

Spanish energy company Iberdrola has announced plans to acquire Caruna, Finland’s largest electricity distribution company, in a deal valued at approximately €5 billion. Yle reports that the transaction was confirmed by news agency AFP, while MTV Uutiset provides additional details on the financial structure of the agreement.

State Sports Council to Hold Urgent Meeting Over Controversy Surrounding Garden Helsinki Arena Project

The State Sports Council is set to convene on an accelerated schedule this week to address concerns over statements made by its chair, MP Timo Heinonen (National Coalition Party), regarding the council’s stance on the Garden Helsinki arena project. The meeting follows criticism that Heinonen’s remarks in Parliament

Colorado Potato Beetles Detected in Six Finnish Municipalities

Colorado potato beetles, a destructive potato pest, have been found in six locations in Eastern and Southeastern Finland this summer, according to the Finnish Food Authority. The beetles have been observed in Lahti, Kouvola, Savonlinna, Luumäki, Ruokolahti, and Joensuu (Yle, MTV Uutiset). The Finnish Food Authority estimates that the beetles

YIT to construct Leopard 2A8 tank production facility in Lithuania

Finnish construction company YIT has signed an agreement to build a production and maintenance facility for Leopard 2A8 tanks in Kaunas, Lithuania. The project, valued at approximately 30 million euros, will be carried out for UAB Lithuania Defence Services. According to YIT, construction work is set to begin in August,

Severe Thunderstorms and Extreme Heatwave Forecast Across Finland, Lightning Strikes Remain Below Average

A significant thunderstorm front is approaching Finland, bringing strong gusts, heavy rainfall, and thousands of lightning strikes early this week. The Finnish Meteorological Institute (FMI) has issued multiple warnings for severe thunderstorms, with the highest alert levels currently focused on eastern and northern regions, particularly Kainuu and Koillismaa. Helsingin Sanomat

Read more

State Sports Council to Hold Urgent Meeting Over Controversy Surrounding Garden Helsinki Arena Project

Colorado Potato Beetles Detected in Six Finnish Municipalities

YIT to construct Leopard 2A8 tank production facility in Lithuania

Severe Thunderstorms and Extreme Heatwave Forecast Across Finland, Lightning Strikes Remain Below Average