Economy

Tunturi, Finland’s century-old bicycle brand, files for bankruptcy—leaving a legacy of nostalgia and industry shifts

File photo by Ralf Roletschek (talk) - Infos über Fahrräder auf fahrradmonteur.de from Wikimedia Commons, CC BY-SA 3.0

The iconic Finnish bicycle manufacturer Tunturi has filed for bankruptcy, marking the end of over a century of operations in the country. The company submitted its bankruptcy petition to the District Court of Southwest Finland on Wednesday, 5 August, as confirmed by multiple sources. Founded in Turku in 1922, Tunturi’s roots run deep in Finnish industrial history, though production later moved to Hungary while its premises remained in Turku Yle reports that the bankruptcy has evoked a sense of melancholy among Finns, particularly in Turku, where the company’s legacy is still felt.

Vuosaari youth group’s violent incidents decline but new aggravated assault reported

A group of primary school-aged girls in Helsinki’s Vuosaari district, which sparked public concern last spring, has seen a reduction in reported crimes over the summer, though one of its members was involved in an alleged aggravated assault in July. Police and city youth services describe the situation

Strong winds and heavy rain hit Southern and Eastern Finland, with localized flooding and improving weather ahead

Strong winds and heavy rainfall swept across Southern and Eastern Finland over the weekend, bringing risks of fallen trees, power outages, and localized flooding. The Finnish Meteorological Institute (FMI) issued wind warnings for land areas in the south and east, with gusts intensifying to over 15 meters per second on

Tuition fees reduce number of new international students in Finnish upper secondary and vocational schools

The introduction of tuition fees for students from outside the EU and EEA has led to a decline in new international enrolments in Finnish upper secondary schools and vocational institutions this autumn. While the full impact of the legislative change remains uncertain, early reports indicate a sharp drop in applications,

Fatal Assault in Joensuu Leads to Arrests and Custody

A 60-year-old man from Joensuu died on Wednesday following a violent assault at a private residence in the city’s Rantakylä district. Emergency services were alerted to the incident in the afternoon, and despite resuscitation attempts by police and paramedics, the victim succumbed to his injuries while being

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Vuosaari youth group’s violent incidents decline but new aggravated assault reported

Strong winds and heavy rain hit Southern and Eastern Finland, with localized flooding and improving weather ahead

Tuition fees reduce number of new international students in Finnish upper secondary and vocational schools

Fatal Assault in Joensuu Leads to Arrests and Custody