Peter Stenlund, a state secretary at the Ministry for Foreign Affairs, has dashed cold water on interpretations that senior officials at the ministry are in favour of joining Nato, despite the fact that they state in a recent future review that the membership “would clarify the position of Finland in a number of ways”.
MTV reported about the future review on Tuesday evening, concluding that the Ministry for Foreign Affairs is “clearly in favour of Nato membership”.
The City of Hämeenlinna waited in vain for the payment of eight million euros promised by businessman Markku Ritaluoma by Tuesday midnight for the land plot reserved for Sunny Car Center, a massive car showroom.
“No such sum – or anything close to it – has turned up,” deputy mayor Juha Isosuo said on Wednesday morning.
- Category: Business
- Created on 01 October 2014
The creditors of Talvivaara and its subsidiary Talvivaara Sotkamo will incur massive losses, if they alongside the District Court of Espoo approve a proposal for the re-organisation of the ailing companies presented by the court-appointed administrator, Pekka Jaatinen, on Monday.
Jaatinen proposes that 97 per cent of the 429 million euros Talvivaara has in unsecured debt and 99 per cent of the 900 million euros Talvivaara Sotkamo has in unsecured debt be written off.
Jan Vapaavuori (NCP), the Minister of Economic Affairs, returned to the media spotlight on Tuesday to respond to allegations about his capacity to present the application of Fennovoima for a preliminary nuclear power permit to the Government for consideration.
Prior to recommending that the Government grant the application, Vapaavuori had put pen on paper on a nuclear energy co-operation agreement with Rosatom, the Russian energy company selected by Fennovoima to supply the nuclear power plant.
- Category: Business
- Created on 01 October 2014
The official unemployment rate is 7.4%, but including all those who fall outside statistics would push the rate up to 19.1%.
"There are three kinds of lies: lies, damned lies, and statistics." This quote, attributed to the 19th Century British Prime Minister Benjamin Disraeli, warns of the dangers of using statistics to prove a point. Disraeli's admonition may be especially relevant when it comes to Finland's unemployment rate.
The Government on Tuesday decided to rescind an increment in the sweet tax due to its projected impact on demand and a complaint filed with the European Commission by the Finnish Food and Drinks Industries' Federation (ETL), calling into question the lawfulness of the tax.
ETL in its complaint argues that the tax distorts competition by providing an advantage to certain manufacturers: the tax is levied on soft drinks, sweets and ice cream but not on cookies, cakes and yogurts, for example.
A proposal for the partial incorporation of Palmia will be submitted to the Helsinki City Council for consideration on 8 October, with the City Board approving the proposal by a 10—5 vote on Monday after a heated debate.
The Green League, National Coalition and Swedish People's Party voted for the proposal, while the Social Democrats, Left Alliance and Finns Party voted against it.
Antti Rinne (SDP), the Minister of Finance, is adamant that the Government will not replace the so-called child deduction with other measures to offset the impact of the upcoming child benefit cuts on families.
There is no ambiguity whatsoever about the issue within the Government, Rinne emphasises. “It's a proposal by the Government. It has been approved and that's that.”
The confidence of consumers in the Finnish economy fell nearly to its lowest point in two years in September, suggests the confidence indicator of Statistics Finland.
The previous time the indicator showed a negative reading was in October 2012.
Sture Fjäder, the president at the Confederation of Unions for Professional and Managerial Staff in Finland (Akava), estimates that the pension settlement hammered out by labour market representatives last week is a difficult subject also for many policy-makers.
Akava on Friday announced that it will drop out of the settlement.
The Centre has emerged as the largest political party in Finland ahead of the National Coalition, according to a recent YLE poll.
The poll indicates that voter support for the opposition party has surged by 2 percentage points to 23.3 per cent in a month's time. Meanwhile, support for the National Coalition has slipped by 0.8 percentage points to 20.4 per cent.
- Online grocery sales increase
- Only few apply for municipal manager positions
- No grounds to suspect Vapaavuori, Chancellor of Justice gauges
- Helsinki gets its first distillery in over a century
- Police step up measures to prevent contamination of groundwater
- Up to 10 million mobile phones are lying useless in the drawers of Finnish households
- Door left ajar for civilian intelligence
- Agents stationed abroad to recruit informants, task force proposes
- Defence Forces to consider teaching cyber security skills to conscripts
- Akava dropping out of pension deal threatens labour markets, KT views