A major player not affiliated with any of the six ruling parties was pulling the strings in the Government of Prime Minister Jyrki Katainen (NCP).
Industry lobbyists sought to influence the decision-making of the Government on a number of issues, claims Ville Niinistö, the chairperson of the Green League and a former Minister of the Environment.
The unemployment situation in Uusimaa is downright bipolar, according to statistics released on Tuesday.
The number of unemployed job-seekers in the region has increased by 12,000 year-on-year to nearly 90,000 while the number of job openings in Helsinki and all of Uusimaa has remained unusually high, at 17,950.
- Category: Business
- Created on 25 March 2015
The sky-rocketing growth of Supercell is unprecedented in the economic history of Finland. The mobile game studio has grown from virtually nothing to a multi-billion euro powerhouse in no more than three years, reporting a 300 per cent increase in revenue to 1.5 billion euros last year.
Professor Markku Kuisma, an expert in economic history at the University of Helsinki, does not recall there ever being a similar company in Finland. “Nothing comes to mind from this period.”
School-aged children have a definite perception of what poverty is and how it is manifested.
Pupils of Taivallahti Primary School acknowledge that the cost of certain hobbies can be an obstacle to participation and that poverty can be manifested in clothing and equipment.
“For example, playing football at a club and the equipment can cost a lot,” says Olga Kivelä.
Civil servants in Finland are too smart, claims Bengt Holmström, a professor of economics at the prestigious Massachusetts Institute of Technology (MIT).
Holmström estimates that human capital is inconveniently distributed in Finland because smart people pursue what is considered an easy career in the public sector. “You don't bump into dumb officials here – maybe into lazy and unmotivated ones, but not into dumb ones,” Holmström said on Monday.
The development of the national economy will yet again be under scrutiny on Tuesday as the Government convenes for its final framework session to confirm the spending limits for the upcoming electoral term.
With the electoral term inching closer to its end, however, the framework budget will include no political decisions on public revenue and expenditure.
The Swedish People's Party has been in the Government for 36 consecutive years, roughly as long as its incumbent chairperson Carl Haglund has been alive. Haglund will celebrate his 36th birthday at the end of this month.
Yet, he insists that joining the Government is not an objective in itself for the party.
- Category: Business
- Created on 19 March 2015
The upcoming animated feature film Angry Birds is an enormous investment for the game and entertainment studio Rovio.
The budget for the film has been estimated at 80 million United States dollars, equivalent to over 75 million euros. In addition, Rovio and its partner, Sony Entertainment, will splash roughly 100 million euros in the marketing and distribution of the film.
The Left Alliance is regularly accused of a lack of understanding of economic realities. The 38-year-old chairperson of the opposition party, Paavo Arhinmäki, is determined to dispel such accusations.
“We know today that 80 per cent of the corporate tax cut has poured out in bigger dividends and only 20 per cent in investments. Unfortunately, we were right,” says Arhinmäki, who has held the reins of the Left Alliance for nearly six years.
- Category: Business
- Created on 18 March 2015
Anttila must be pulled into the 21st century and regain its relevance in the lives of modern-day Finns, envisions Markus Roschel, who as the new managing director of Anttila will seek to restore the profitability of the heavily loss-making department store chain.
Kesko on Monday sold its Anttila and Kodin1 department stores to 4K Invest for one million euros.
Pupils in class 6A of Veromäki School in Vantaa have gathered into the classroom for what appears to be an unorthodox lesson: Ann-Sofie Gussander is writing her learning diary on a tablet, Hasen Banimuslim is learning biology on a desktop computer, while Ada Niinikoski is solving maths problems on a piece of paper.
Altogether, there are 18 pupils and 23 devices in the classroom.
- Government officials unveil grim economic outlook
- Tieto wraps up talks with staff, to cut 435 jobs
- Most Finns are ready to step up defence spending
- Parliament gave a bad image of political decision-making, Sipilä says
- Talvivaara can overcome its problems, new owner views
- Borg calls for strict wage moderation
- Beer and soft drink sales dried up
- Immigrants face long wait for language courses
- Finnair unveils new ticket type, starts charging for checked luggage on short-haul flights
- Young immigrants face more discrimination