The Helsinki City Board is in favour of selling the city-owned bus operator Helsingin Bussiliikenne Oy to Viikin Linja, a subsidiary of Koiviston Auto, for 24 million euros – 23 million euros less than its estimated book value of 47 million euros.
“There are no other buyers, so we'll have to make a choice between bad alternatives,” explains Tatu Rauhamäki (NCP), the chairperson of the City Board. “This is a reasonable alternative for Helsinki. We'd rather resort to a solution such as this and save jobs than let the company go bankrupt.”
The massive dredging project under-way on the southern coast of the Gulf of Finland does not have a trans-boundary impact on water quality, the federal environmental protection agency of Russia, Rosprirodnadzor, has affirmed.
Rosprirodnadzor on 8 October responded to a written request for comment on the impact of the dredging sent by Helsingin Sanomat on 1 October.
A 35-year-old motorist has been sentenced to four years and six months' imprisonment for causing the death of a cyclist in Meilahti, Helsinki, in August.
Matti Tolvanen, a professor of criminal law at the University of Eastern Finland, regards the punishment as severe in light of the offences the motorist was ruled to have committed but the duration for which his driving licence was suspended as surprisingly short.
Chairperson Timo Soini believes the recent plunge in the approval rating of the Finns Party stems from the competitiveness measures and coercive legislative changes outlined by the Government.
Public support for the Finns Party fell by as much as 4.3 percentage points to 10.7 per cent in a single month, according to a poll by YLE, while that for the Social Democratic Party jumped by 3.9 percentage points to 18.3 per cent.
A decision by the European Court of Justice to beef up data protection can result in the criminalisation of the transfer of personal data to the United States.
“The decision by the court of justice establishes a backdrop for there being a genuine risk of meeting the elements of an offence,” estimates Jussi Tapani, a professor of criminal law at the University of Turku.
The Ministry of Employment and the Economy is mulling over measures to facilitate the entry of asylum seekers into the labour market.
“We could shorten the qualifying periods while looking for new means to offer them jobs for which finding workers is difficult,” suggests Olli Sorainen, a ministerial adviser at the Ministry of Employment and the Economy.
- Category: Business
- Created on 07 October 2015
First, the good news.
Finnair will unveil the first member of its new fleet of Airbus A350 aircraft at the Helsinki Airport on Wednesday and introduce a total of 11 A350s into service over the next two years.
The brand-new aircraft consume approximately 25–30 per cent less fuel than the Airbus A340s they will replace, thus providing the majority state-owned airline with a significant competitive advantage because fuel costs account for 25–40 per cent of its costs.
The construction industry is in talks with the Ministry of Employment and the Economy over measures to create an education system for asylum seekers.
The industry will require manpower to compensate for the tens of thousands of skilled workers who are set to retire in the years to come. “We've already got roughly 30,000 immigrants working for different companies. We're used to working with them,” says Tero Kiviniemi, the board chairman at the Confederation of Finnish Construction Industries and the executive vice president at YIT.
The personal imports of alcoholic beverages dropped by 11 per cent over the past 12 months, indicate statistics released by the National Institute for Health and Welfare (THL).
A total of 71 million litres of alcoholic beverages was imported into Finland between September 2014 and August 2015, according to THL. The majority of the imported beverages were brewery products: 32 million litres of beer, 10 million litres of long drinks and 8 million litres of cider.
Timo Soini, the chairperson of the Finns Party, has rebuffed demands that the party should vote on whether or not to continue in the Government.
“This is the mandate to lead the party, it's as simple as that. We can sit down and talk, but there's absolutely no need for an extraordinary meeting,” Soini stated in an interview with Helsingin Sanomat in Manchester late on Monday.
A larger labour market, a Swedish boyfriend, a laid-back atmosphere and opportunities to pursue an international career.
These are the reasons why Marika Aalto, a 25-year-old student of business administration, is intent on moving permanently to Sweden after completing her studies. Aalto, who is currently employed as an intern at the Finnish-Swedish Chamber of Commerce in Stockholm, is concerned that employment opportunities are few and far between in Finland – especially for the highly-educated.
- HK Scan to build new production facility in Rauma
- VR could face competition from a number of fronts
- Dredging for Port of Bronka a threat to Gulf of Finland
- SDP mulling interpellation against cuts in rail traffic
- Finland falls four places in major competitiveness ranking
- Government calls off cuts in pay rate bumps
- Attacks on refugees dent Finland's reputation in the UN
- Finnish games industry grew rapidly in 2014
- Labour market organisations still seeking a compromise
- Sipilä: Up to 50,000 asylum seekers could arrive in Finland