“Treating small machinery contracting companies as banks by extending payment terms is a breach of the Payment Term Act,” says…
Industry and construction businesses particularly suffer from their business partners’ long payment terms. “The way it’s done in Finland is…
An economist at Suomen Yrittäjät, the Finnish SME association, says the trend should be maintained. Finnish banks granted new business…
Smaller businesses are facing the threat of bankruptcy more than before. Statistics Finland published its most recent bankruptcy statistics on…
The cycle of weak confidence is hampering economic growth. Consumer confidence weakened slightly in February. The consumer confidence indicator, published…
The handicrafts shop Taitajapuoti Terttu charges a €5 entry fee. Customers have also paid the “just-looking” fee in the online…
The Yrittäjägallup survey also shows that SMEs’ future outlooks have not improved.
A recent survey about late payments casts light on businesses’ finances in Q3 2024. According to a late payment survey…
The recent Yrittäjägallup survey shows that businesses’ financial standing is still weak. Among SMEs, 45% say their situation is good.…
There are 455,265 companies in Finland (Statistics Finland, Suomen Yritysrekisteri 2023), excluding agriculture, forestry and fishing. They employ 1.46 million…