Daily News: November 7, 2025
11/7/2025
Finnish Startup Ecosystem Growing Strongly Despite Sluggish Economic Growth
According to a study by Tesi, the Finnish Startup Community, and the Finnish Venture Capital Association, the Finnish startup ecosystem continues to grow strongly, even though the rest of the economy is facing headwinds. Finnish startup-based companies already generate over EUR 12.5 billion in turnover and employ nearly 50,000 people.
Balnord unveils €70M fund for frontier and dual-use tech across the Baltics
Balnord, an early-stage investor focused on the Baltic Sea region, has exceeded its €70 million fund target and is on track for a final close of €100 million by mid-2026. The fund targets companies advancing Europe’s technological reindustrialisation, focusing on space, healthcare, and industrial resilience.
Finnish Technology Expertise on Display at the World's Largest Climate Conference
Finland will have its own pavilion at COP30, the world's largest climate event, showcasing Finnish expertise and innovative sustainable technology solutions for achieving carbon neutrality. The pavilion aims to strengthen Finland's reputation as a pioneer in climate solutions.
Why is the Technology Industries of Finland Ready to Accept a Larger EU Budget?
The Technology Industries of Finland supports increasing the EU budget to address challenges such as security, innovation gaps, and global competitiveness. They emphasize that investments should focus on competitiveness and effectiveness to benefit Finnish export companies.
Gunvor cancels $22 billion Lukoil deal after US warning
Energy trading firm Gunvor Group has withdrawn its bid to acquire Russian oil giant Lukoil’s international operations, including Finnish oil company Teboil, after a warning from the U.S. Treasury Department.