September 30, 2019
The daily brief: 30 September 2019
Finland's Kyrö Distillery is expanding to Berlin.
All the daily Finnish business news that works: Fafa’s, Kyrö Distillery, Cloudasset and the Finnish city of Lappeenranta make headlines.
Fafa’s has opened a restaurant in London’s Covent Garden, Kyrö Distillery is setting up shop in Berlin, Austrian budget airline Lauda is opening a route between Vienna and Lappeenranta, and Finnish financial technology firm Cloudasset has won awards.
Finnish street food chain Fafa’s has opened its 40th restaurant, in Covent Garden in London, the UK. The menu consists of pitas and salads and, although the focus is strongly on vegan and vegetarian food, it is not completely void of meat dishes. Fafa’s founder, Doron Karavani, opened the first restaurant in 2011 in the centre of Helsinki, and today the chain has 37 restaurants in Finland and one in each of Sweden, Estonia and now the UK.
Kyrö Distillery is expanding to Berlin with a German subsidiary to be founded next year. The Finnish distillery will also set up an online shop for its whisky and gin products in connection with the move, as the Finnish alcohol legislation does not permit setting up one in Finland. Around half of Kyrö’s sales are currently from abroad, and the distillery is investing heavily to accelerate growth in international markets.
Kyrö Distillery/Kimmo Syväri
Austrian airline Lauda, which is owned by Ryanair, will introduce a new route between Austria’s capital, Vienna, and Finnish city Lappeenranta. The flights will commence at the end of March 2020, and the route will be operated twice a week. Lappeenranta is situated on the shore of Finland’s largest lake, Saimaa, and close to the border of Russia, with St. Petersburg only a two-hour drive away.
Cloudasset wins at Worldline’s E-Payments Challenge
Finnish financial technology startup Cloudasset has won three awards at the E-Payments Challenge organised by Worldline. The competition brought together financial technology companies from around Europe for a three-day hackathon, in which the companies had to solve 15 customer challenges. Each fintech firm could take part in three challenges at most, with Cloudassets’ digital payment platform, P3, winning two. The Finnish company was also recognised with a Grand Prix special prize for its overall performance and future potential.
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