The Finnish government’s decision to scrap the transfer-tax exemption granted to first-time home buyers as of next year is expected to boost property sales in the last two months of the year.
Data from Statistics Finland reveal that 310 bankruptcy proceedings were initiated in Finland in September. The number is a 25-year high for the month of September, highlighted the chief economist of Suomen Yrittäjät, Juhana Brotherus.
Statistics Finland on Wednesday revealed that bankruptcy proceedings were initiated for 42 building construction companies in August, one of the highest monthly totals in the past two decades.
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