Finland

Finnair third-quarter profits drop

FinnairHelsinki - Finnish flag carrier Finnair on Friday said higher fuel costs and lower ticket prices contributed to a "weak third quarter."

The group posted a pre-tax loss of 22 million euros (28 million dollars), compared to a pre-tax profit of 59.9 million euros for the corresponding business period in 2007.

Turnover increased 2.7 per cent to 559 million euros in the quarter, the carrier said.

Centre Party drops to third place after Finnish local elections

Finnish Prime Minister Matti VanhanenHelsinki - Finnish Prime Minister Matti Vanhanen's Centre Party dropped to third place after local elections held Sunday, final tallies showed Monday.

Vanhanen noted that his party had probably suffered from being in office and said election results differed.

The Centre Party dropped 2.7 percentage points compared to the 2004 local elections, scoring 20.1 per cent.

Analysts including Goran Djupsund, professor of political science and political communication at Abo Akademi University, did not rule out a shake-up of the party leadership.

Nobel Peace laureate Ahtisaari deplores Middle East deadlock

Martti AhtisaariStockholm - Martti Ahtisaari, Finland's former president and winner of the 2008 Nobel Peace Prize, on Saturday said he was "ashamed" over the lack of progress in efforts to solve the Middle East conflict.

"I am ashamed, I must admit that," Ahtisaari said in an interview broadcast by Swedish radio. "How can we, year after year, say that we are really trying to find a solution, when we are not?"

Finnish nuclear reactor project further delayed

Helsinki - The construction schedule for Finland's fifth nuclear reactor has run into a new delay, Finnish power company Teollisuuden Voima (TVO) said Friday.

Work on the third reactor at Olkiluoto, south-western Finland, began in 2005. Power generation was now slated to begin in 2012 instead of 2011, TVO said Friday.

Two of the country's four operating reactors are also located at Olkiluoto.

TVO said the "the reactor plant civil construction works will take several months longer than earlier estimated."

A TVO spokeswoman told Deutsche Presse-Agentur dpa that the delays were linked to the casting of the plant's concrete structures.

Finnish nuclear reactor project further delayed

Finnish nuclear reactor project further delayed Helsinki - The construction schedule for Finland's fifth nuclear reactor has run into a new delay, Finnish power company Teollisuuden Voima (TVO) said Friday.

Work on the third reactor at Olkiluoto, south-western Finland, began in 2005. Power generation was now slated to begin in 2012 instead of 2011, TVO said Friday.

Two of the country's four operating reactors are also located at Olkiluoto.

TVO said the "the reactor plant civil construction works will take several months longer than earlier estimated."

Nokia reports lower net profit in Q3

Helsinki - Finnish-based Nokia, the world's biggest mobile phone maker, said Thursday its operating profit dropped 21 per cent for third quarter 2008.

Operating profit for the quarter was 1.46 billion euros (1.98 billion dollars), compared to 1.86 billion euros for the corresponding business period 2007.

Net sales dropped 5 per cent in the quarter to 12.2 billion euros.

Nokia estimated that its share of the global handset market in third quarter 2008 was 38 per cent, compared with 39 per cent in the third quarter 2007 and 40 per cent in the second quarter 2008.

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