Supercell's founders already rank among the century's top taxpayers
The past year was momentous for the history of taxpaying in Finland as those who made a fortune out of Supercell established themselves among the top taxpayers of the century.
The under 40-year-old co-founders of the game studio, Mikko Kodisoja and Ilkka Paananen, are ranked fifth and sixth respectively in a list of the highest taxpayers in 1999–2013 as a result of the sale of a majority stake in Supercell to Japan's Softbank in 2013. The other top slots in the list are occupied by taxpayers who are notably older and have made their tax contributions over a longer period of time.
Finnair surprises investors with excellent third quarter
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- Category: Business
- Created on 01 November 2015
Finnair enjoyed a flying start and end to October.
The majority state-owned airline had on Friday the pleasure to announce that its third-quarter result is the best in its entire history. It had reason for joy at the beginning of October as the first member of its new fleet of Airbus A350s touched down on Helsinki Airport.
Lumia's vitality is nearly exhausted
Hundreds of thousands of Finns have in their pocket a smartphone with a not-so-bright future.
Lumia smartphones have lost a lot of ground in competition with their Android and iOS-powered rivals, with the share of Lumia and other Windows-based devices of the global smartphone market slipping to no more than a couple of per cent.
Energy dependence on Russia has been exaggerated
Finland is hardly as dependent as is often claimed on energy imports from Russia as nearly all of the fuels imported from the country can be substituted with other fuels – often without great difficulty.
Energy dependence on Russia should be neither exaggerated nor demonised, states Ilkka Kananen, a former chief executive at the National Emergency Supply Agency.
FROM GREY TO GREEN BUILDING
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- Category: Business
- Created on 02 November 2015
Have you heard of a closed-loop waste water system, where grey water (water from showers and sinks) is returned after purification to the system as drinking water? Or a composting toilet system that uses only two tablespoons of water per flush?
The above examples are solutions implemented in the Bullitt Center in Seattle, where they’ve wanted to build the greenest office building in the world using existing commercial solutions. I recently visited the Bullitt Center and few other ecologically built green office buildings in North America. All buildings were equipped with energy, material and water solutions that seek to burden the environment as little as possible. We need this type of public showrooms in Finland too.
Police yet to verify alleged suicide bombing
Finnish law enforcement authorities have yet to verify claims that a young man from Pori carried out a suicide bomb attack in Iraq in September as they are still waiting to hear back on an enquiry sent to their counterparts in Iraq.
A Twitter account used by Isis claimed roughly six weeks ago that Abu Hurairah Finlandi has detonated a car bomb at a military base in the town of Baiji in Northern Iraq. The nom de guerre has been associated with a man in his early twenties who travelled from Pori to the Middle East in the latter half of last year.
Nokia exceeds expectations in Q3
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- Created on 30 October 2015
Nokia has managed to fine-tune its operations to achieve a higher level of profitability than its main rival. The network equipment manufacturer improved its profitability, contrary to the expectations of investors, between July and September despite intense price competition and declining net sales.
The rise in profitability is attributable especially to a 16 per cent jump in net sales in China.
Stockmann is in crisis
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- Category: Business
- Created on 30 October 2015
If there is light at the end of the tunnel for Stockmann, it is very dim indeed.
The operating result of the traditional department store chain fell almost 13 million euros into the red between July and September – equivalent to a weekly loss of 1 million euros. Nor has the ongoing quarter brought relief from the downward cycle as Stockmann and its department stores, in particular, have remained mired in trouble.
Construction sector ready to train tens of thousands of asylees
The construction sector has reiterated its interest in moulding tens of thousands of asylees into skilled construction workers.
Tarmo Pipatti, the managing director at the Confederation of Finnish Construction Industries (RT), reveals that the matter has been on the agenda in discussions with representatives of the Ministry of Employment and the Economy.
Ranks of the jobless to grow to 400,000
Up to 400,000 people could soon be without a job in Finland.
The Ministry of Employment and the Economy forecasts that the country will be home to as many as 370,000 unemployed job seekers next year. The unemployment rate, meanwhile, is expected to creep up from 9.5 to 9.7 per cent in 2016.
Laws and EU in the way of proposed time zone change
The removal of daylight saving time and change of time zone would be difficult to carry out, views Hannu Pennanen, a senior adviser at the Ministry of Transport and Communications.
Timo Partonen, a research professor at the National Institute for Health and Welfare (THL), proposed in Monday's edition of Helsingin Sanomat that Finland adopt the same time zone as Central Europe and abandon daylight saving time in an attempt to create considerable health benefits and increase the well-being of Finns.
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