Minister of Economic Affairs admits to drawbacks in energy policy.
MINISTER of Economic Affairs Jan Vapaavuori (NCP) has conceded that the Government's energy policy is not entirely without its drawbacks. The main problem is the rapid increase in coal consumption, which saw the Parliament barrage the Government with questions as it discussed Finland's long-term climate and energy strategy on Wednesday.
- Category: Business
- Created on 05 December 2013
Finland’s biggest bankers group says the stable AAA-rated nation has failed to prepare for the ballooning costs generated by Europe’s fastest aging population.
“No increase of tax rates or reform of services will be enough to ensure this can be paid for by public funds,”
Piia-Noora Kauppi, managing director of the Federation of Finnish Financial Services, said in an interview this week. “We’ve made no preparations, we have no national funds to tap for future costs of elderly care.”
THE EUROPEAN Commission has approved Microsoft's acquisition of the handset business of Nokia, viewing that the transaction would not raise any competition concerns. Previously, the deal has been approved by the US Federal Trade Commission, which sanctioned it on Monday, and the antitrust authorities of Brazil, Canada and Russia.
Helsinki's old children's hospitals have for years been in a dilapidated state.
EMPLOYEES of Finnish game studio Supercell have donated 3.4 million euro for the construction of a new children's hospital in Helsinki, Lasse Louhento, the product lead at Supercell, announced on Tuesday. The donation is the largest single donation raised by the association advocating the construction project.
Practical nurse Ranjith Kumar Prabhakaran has received this year's Mr. Immigrant award.
THE FINNISH Refugee Council has granted its second annual Mr. Immigrant award to practical nurse Ranjith Kumar Prabhakaran. The 39-year-old Prabhakaran lives in Hämeenlinna with his wife and is serving his second term on the town council. In addition, as part of his nursing studies, Prabhakaran is currently doing his on-the-job training at the Kanta-Häme Central Hospital in Hämeenlinna.
EUROPEAN Commissioner for Economic and Monetary Affairs Olli Rehn has confirmed to Helsingin Sanomat that he intends to run in the forthcoming European Parliament elections regardless of whether is chosen as the top candidate for the Alliance of Liberals and Democrats in Europe (ALDE).
“As I said last weekend, I will run for the European Parliament in Finland. I have announced my consent to chairman Juha Sipilä,” Rehn stressed in an e-mail on Wednesday.
Minister of Education demands that the Finnish comprehensive school be updated as Finland plunges in PISA rankings.
GROANS and calls for updates were among the first reactions to Finland's drop from the top spots in an international assessment of the competencies of 15-year-old students. After emerging as the wonderland of education over the past ten years, the country's score in mathematics declined by 25 points, more than any other country topping the ranking in 2003.
The majority of Finns are ready to increase support to the civil war-ridden Syria. A survey by the Advisory Board for Defence Information (MTS) shows that three in four Finns are willing to increase humanitarian aid to Syria and that two in three believe Finland should take part in a United Nations peacekeeping and crisis management mission in Syria, if launched. In addition, two thirds of the respondents indicated that they are ready to receive people fleeing the crisis-stricken country.
- Category: Business
- Created on 04 December 2013
Metso and its pulp, paper and power division, which is to de-merge from the engineering company in 2014 to form Valmet, have announced that a total of 172 personnel in Valmet's energy functions in Finland will be made redundant. In other countries, 20 jobs have already been slashed.
In Valmet's fabrics division, 23 positions in Finland will be reduced in addition to the 10 positions already slashed elsewhere.
The Finnish public sector is perceived to be the third least corrupt in the world.
Finland has slipped from joint first place to third in a global corruption perceptions index published by Transparency International, an independent anti-corruption watchdog. The Finnish public sector is therefore perceived to be the third least corrupt in the world.
The search for municipalities ready to accommodate the 500 Syrian refugees who are to arrive in Finland next year is under-way.
TAMPERE has increased its annual refugee quota from 70 to 120 in order to receive 50 refugees from Syria next year. Many of the municipal costs stemming from the intake of refugees are covered in full by the state. In addition, the state has pledged to provide temporary additional support to municipalities receiving refugees from Syria.
- Bill on cyber intelligence to be drawn up by next autumn
- Labour shortage hits new sectors
- SDP to go after three European Parliament seats
- Economist demands measures from ECB
- Shopping centres combat online shopping
- Two injured as Oskari storm rips through Helsinki region
- Thousands of postal sector jobs to disappear
- National conciliator tables proposal in postal workers' labour row
- Urpilainen promises concrete decisions
- STUK unveils stricter nuclear safety regulations