Slumping euro rates have given a much-needed boost to the struggling export industry of Finland.
The United States dollar is already trading at ten per cent higher rates against the euro than it was last summer, thereby promoting the competitiveness of goods and services produced in the euro area.
“It feels really good,” Emma Kari, the chairperson of the Green Group on the Helsinki City Council, rejoiced on Wednesday evening.
The reason for her jubilant mood was the fact that the Green League had just made history by securing its second high-powered office at the Helsinki City Hall, with Anni Sinnemäki – a 41-year-old councilwoman and Member of Parliament – joining Pekka Sauri as a Deputy Mayor of the city.
Outside the doors of Slush's buzzing interior, a more subtle affair was brewing: a clash between rival taxi apps. Launching on two consecutive days, Taxify and Uber's battle ended with one clear winner. It appears that Taxify won this round: Arcitc Startup reported that on the first day, Uber was left with zero taxis in use.
The state-sponsored Skolkovo Innovation Center boosts the innovation and start-up culture in Russia. The new Russian generation of entrepreneurs and investors is gradually evolving.
RUSSIA'S journey to modernise its economy and decrease its dependence on oil and gas began when the global economic crisis exposed Russia's overreliance on natural resources. In response to the crisis, then Russian President Dmitry Medvedev made modernisation the centrepiece of his economic-policy agenda and the aim became to accelerate the transformation of Russia from an economy based on natural resources to one based on innovation and scientific development.
Finns' approach to work is largely positive despite the fact that working life, or at least the debate surrounding it, is characterised by time constraints and the fear of job loss.
A recent survey by Statistics Finland finds that work-related uncertainty has grown considerably in Finland since the 1990s. “But that much was expected,” notes Hanna Sutela, a senior researcher at the statistical office.
The Parliament has continued its preparations for what is billed to be a lively debate on equal marriage rights.
“I'm very confident that it'll be a level-headed debate,” Eero Heinäluoma (SDP), the Speaker of the Parliament, estimated at an event for political journalists on Wednesday, reminding that the preliminary debate on the citizens' initiative earlier this year was carried out in an orderly manner.
Wedged hard against Russia's north-western border, peaceable Finland has long gone out of its way to avoid prodding the nuclear-armed bear next door.
But now the bear is provoking Finland, repeatedly guiding military planes into Finnish airspace and deploying submarines and helicopters to chase after Finnish research vessels in international waters.
Helsinki has indicated its willingness to settle a dispute with Siemens over the automation of its metro network sooner rather than later.
Initially, the dispute over roughly 20 million euros was to be settled by arbitration after the completion of the automation project. “It turned out in early October that the automation won't be completed by the time the West Metro is scheduled to go into operation in the autumn of 2016,” says Pekka Sauri (Greens), the Deputy Mayor of Helsinki.
The Cabinet Committee on Economic Policy discussed the possibility of relaxing the taxation of digital subscriptions in its meeting on Tuesday, according to information obtained by Helsingin Sanomat.
The possibility, however, has been turned down in a statement issued by the Tax Department of the Ministry of Finance.
The nearly two dozen trade unions that confirmed on Tuesday their intent to establish a new central organisation of trade unions look after the interests of a total of 1.5 million employees, equivalent to over half of unionised employees in Finland.
Riku Aalto, the chairman of the Finnish Metalworkers' Union, estimated that it is necessary to reduce the number of central organisations.
Prime Minister Alexander Stubb (NCP) admitted in his address before the general assembly of the Confederation of Finnish Industries (EK) on Tuesday that the Government has failed to deliver the results expected of it.
“We have achieved too little, and several projects are yet to be taken over the finish line. Of the major projects, the municipal reform was left undone altogether.”
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