Bankruptcy

HANDOUT - 25 June 2022, Russia, Saint Petersburg: Russian President Vladimir Putin is pictured ahead of his meeting with Belarusian President Alexander Lukashenko. Photo: -/Kremlin/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full.

World

WAR IN UKRAINE

Moody's confirms Russian international debt default

The Nomad Today/dpa 6/28/22

The fact that Moscow's payments are blocked because of sanctions is "not our problem," Kremlin spokesperson Dmitry Peskov said on Monday, according to the Interfax news agency

Finland

BUSINESS

Number of Finnish companies in bankruptcy decreased so far this year

The Nomad Today 8/18/21

Bankruptcies increased the most between January and July in the agricultural, forestry and fisheries sector and in the construction sector

A Norwegian plane flies over a lake and snowy hills. Photo: Petteri Jokela/Pixabay.

Economy & Business

BUSINESS

Troubled airline Norwegian wins fight against insolvency

The Nomad Today/dpa 5/27/21

The days of Norwegian long-haul flights are now over.

Debt bills entrepreneurs bankruptcy. Photo by Mikhail Nilov/Pexels.

Finland

BUSINESS

Finnish company bankruptcies down but more employees affected

The Nomad Today 3/17/21

Due to the coronavirus crisis, filing for bankruptcy was restricted by a temporary amendment to the law from 1 May to 2020 to 31 January 2021.

Finland

FINNISH COMPANIES

Business bankruptcies decreased in 2020 despite the Covid-19 crisis

The Nomad Today 1/27/21

There were also fewer workers affected.

FILED - 27 April 2019, Spain, Palma: A Norwegian plane takes off from Palma airport. Low-cost airline Norwegian Air Shuttle plans to cancel thousands of flights due to the spread of the coronavirus. Norwegian Airlines called for additional financial aid on Friday, saying it would not survive into 2021 due to huge losses stemming from the coronavirus pandemic. Photo: Clara Margais/dpa.

Economy & Business

AIRLINES

Budget carrier Norwegian Air to drop long-distance routes

The Nomad Today/dpa 1/15/21

The move will mean job cuts since the carrier was to file for bankruptcy for its subsidiaries in Britain, Finland, Italy, and the United States.

A Norwegian plane landing. Photo: Jørgen Syversen.

Economy & Business

AIR TRAFFIC CRISIS

Norway court approves Norwegian Air reconstruction application

The Nomad Today 12/9/20

Last month, the carrier reported a third quarter net loss of 980 million kroner (108 million dollars), as the coronavirus pandemic caused a sharp drop in demand for air travel.

Finland

BUSINESS

Bankruptcies decrease by 15% despite the coronavirus crisis

The Nomad Today 11/18/20

The number of employees in companies that filed for bankruptcy is 6.2% lower than in the previous year.

Finland

BUSINESS

Bankruptcies decreased 11.7% from January to September

The Nomad Today 10/25/20

The total number of employees in companies filed for bankruptcy was 9,300, which is 73 people (0.8%) more than in the previous year.

Finland

BUSINESS

Bankruptcies down amid virus crisis but more employees affected

The Nomad Today 9/16/20

From January to August, the number of bankruptcies increased in the industry of mining and raw materials but decreased in the rest of the main economic sectors.