Finnish industries have voiced their concerns over the possibly substantial costs arising from the climate goals for 2030 to be hammered out this week by the European Union.
New costs will also arise for both households and the national budget as the objective is to reduce greenhouse gas emissions in sectors outside the emissions trading scheme – such as transport, agriculture and housing – notably over the next 15 years.
Juha Sipilä, the chairperson of the Centre, has expressed his support for a proposal floated by Antti Rinne (SDP), the Minister of Finance, last weekend to lower the tax on newspaper and magazine subscriptions.
“If such a proposal is made, we'll definitely support it,” Sipilä tells Helsingin Sanomat.
- Category: Business
- Created on 23 October 2014
K-stores have lost some of their market share to their more down-market rivals in spite of the fact that the Finnish grocery market has continued to grow regardless of the recession.
Between January and September, the net sales of Kesko Food fell by 1.3 per cent. The S Group, in contrast, revealed last week that its grocery sales increased by 1.7 per cent year-on-year over the said period.
The Government is set to revisit the act on elderly care services less than a year after its enactment in an attempt to generate savings of 300 million euros in institutional elderly care and other around-the-clock services for the elderly in accordance with its structural policy programme.
Finland would not be able to take part in the ongoing search for an underwater intruder in the Stockholm Archipelago even in the event that Sweden requested assistance as its legislation prohibits the provision of military assistance to third parties.
It may be able to do so in the near future, however, provided that an assessment overseen by the Ministry for Foreign Affairs yields the desired results.
The Centre has overtaken the National Coalition as the largest political party in Finland, shows a recent poll by Helsingin Sanomat.
More than one in five, or 22.3 per cent, of respondents to the poll said that they would vote for the Centre and 19.4 per cent that they would vote for the National Coalition if the parliamentary elections were held now.
Teollisuuden Voima (TVO) has estimated that the costs arising from delays in the construction of a third reactor at the Olkiluoto Nuclear Power Plant will amount to 2.3 billion euros by the end of 2018.
Previously, the Finnish energy consortium has estimated that the delays will cost it 1.8 billion euros.
Unpaid overtime compensation, unpaid wages for seven months of work, failure to implement general pay increases.
These are examples of disputes brought recently to the attention of Service Union United (PAM) by people employed in the restaurant sector in the Uusimaa region. “The sector is not doing well, and it shows,” concedes Seija Rouhiainen, a senior expert at PAM.
The chairpersons of the political groups on the Vantaa City Council are far from enthusiastic about the city's budget proposal for next year.
Both Lauri Kaira (NCP) and Jaakko Niinistö (PS), however, remain firmly behind the austerity programme advocated by Mayor Kari Nenonen. Niinistö reveals that his group would be prepared to shave 10 million euros off a 100 million euro investment programme to cut back on borrowing.
- Category: Business
- Created on 22 October 2014
The children's clothing store Pikkuväki was like a fourth child to Jenni Lokki. “I was hoping I could retire as a business owner,” she says.
As recently as last spring, Lokki could not imagine that her store in the Kamppi Centre would go bankrupt. Yet it did, as did another children's clothing store in the shopping centre, Du Pareil au Même, shortly thereafter.
- Category: Business
- Created on 21 October 2014
A healthy increase in order intake has ensured that Kone has enjoyed yet another positive quarter.
The value of new orders received by the lift and escalator manufacturer between June and September increased by 250 million euros, or by 18.8 per cent at historical exchange rates, to 1,577 million euros in comparison to the corresponding period last year.
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