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Tarmo Virki

Uber-rival Bolt enters European food delivery business

Aug 20 2019

TALLINN Estonia's Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation's capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well.

ECB determined to act on medium-term inflation outlook: Rehn

Aug 19 2019

Finnish central bank governor Olli Rehn said on Monday that the European Central Bank's Governing Council was determined to act if the medium-term inflation outlook continues to fall short of its target of below but close to 2%.

Nokia beats forecasts as 5G sales start to kick in

Jul 25 2019

HELSINKI Finnish telecom network equipment maker Nokia posted a surprise jump in second-quarter profit on Thursday and stuck to its 2019 earnings outlook as demand for next-generation 5G equipment boosted results.

Finland's UPM to press on with $3 billion Uruguay pulp plant

Jul 23 2019

Finnish pulp and paper maker UPM said on Tuesday it will build a pulp plant in Uruguay and invest around $3 billion in the project.

Stora Enso sees weaker demand after second-quarter profits drop

Jul 19 2019

Finnish paper firm Stora Enso reported a bigger than forecast fall in quarterly profits on Friday and said it expected demand to deteriorate due to global trade tensions and Britain potentially crashing out of the European Union.

Fortum profit tops forecasts, Uniper talks continue

Jul 19 2019

Finnish utility Fortum beat second-quarter profit expectations on Friday, boosted by higher power prices and a rise in electricity generation volumes, and said it was continuing talks with bid target Uniper's management.

Nordea to review targets after tough second-quarter for Nordic banks

Jul 18 2019

HELSINKI/COPENHAGEN Nordea , the biggest bank in the Nordics, said it would review its financial targets in coming months, as the region's lenders struggle with weak growth at home and rising compliance costs from money laundering scandals overseas.

Finland's Wartsila sees quarterly profits fall, warns of weaker demand

Jul 18 2019

HELSINKI Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.

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