Baku proposes Iran-Finland transport link

Iran-Finland transport link: Azerbaijan could become a key link in the opening up of an intermodal link…

Decline in Russian tourism sends Santa Claus Village into bankruptcy

The Santa Claus Village in northern Finnish town of Rovaniemi, has filed for  bankruptcy after failing…

EU Third Energy Package triggers Gazprom foreign assets sale

Gazprom foreign assets sale: Stipulations within the EU Third Energy Package, that gas suppliers can no…

Finns to fund €200m Skolkovo Bio City

Skolkovo Bio City: Russia’s Skolkovo Foundation has signed an agreement with Finland’s Turku Science Park to build a…

AIIB Asian Infrastructure Investment Bank admits five new member states

AIIB, the newly  formed Asian Infrastructure Investment Bank, has formally welcomed Brazil, Georgia, Finland, Denmark and…

Valio sales fall 35% short of expectations due to Russian food import ban

Valio, one of Finland’s largest producers of dairy goods, saw its Russian revenues fall 35% short…

Sanoma sells Russian fashion titles to Hearst Shkulev Media

Sanoma,Finland’s top media house Sanoma has agreed to sell its stake in Fashion Press,  publishers of the Russian…

Mutual icebreaking agreement reached with Finland

Mutual icebreaking agreement: Russia and Finland have signed an agreement on the provision of mutual icebreaking…

Lamor Corporation to open offices in Baku

Finnish oil spill recovery specialists the Lamor Corporation is planning to open up offices in Baku, it…

Prokhorov bids for Vedomosti

Prokhorov bids for Vedomosti: Billionaire Mikhail Prokhorov’s Onexim Group has put in a  bid to purchase the influential Russian…

Rosatom and Finnovoima move closer

Rosatom and Finnovoima:  Rosatom is looking to increase its stake in Finland’s Finnovoima consortium from 34%…