- Category: Business
- Created on 11 February 2016
One of the leading renewable energy companies in China, Sunshine Kaidi New Energy Group, is poised to invest up to one billion euros in the construction of a cutting-edge bio-refinery in Kemi, Northern Finland.
The refinery would be the first not only in Finland but the entire world to use so-called energy wood as its main raw material.
Employment is the most important factor contributing to the integration of successful asylum seekers in Finland, Jari Lindström (PS), the Minister of Justice and Employment, estimated while commenting on the reform of the national integration strategy at a press conference on Wednesday.
“We have quite a lot of work ahead of us to make sure these people integrate. I'd say that employment and integration go hand-in-hand to the extent that employment is the best way to integrate these people. Otherwise, it'll take years before these people integrate in our society,” he said.
Finns have been drawn into a struggle to re-define their national identity while the country is preparing to commemorate the centennial of its independence in 2017, gauges Markku Kangaspuro, the director of research at the Aleksanteri Institute.
He estimates that the nation has previously defined itself based on its unwavering faith in education – in that such a small nation can only find success through a high level of education; in strong work ethos – in that diligence and perseverance will guarantee well-being and income stability; and in equality.
President Sauli Niinistö has responded to a question from a citizen about the merriment the speech he delivered at the opening ceremony of the new parliamentary session on 3 February has aroused among the “far-right circles” of Finland.
Niinistö responded to the question on Facebook already on Sunday, but his response was not picked up by Verkkouutiset until two days later.
- Category: Business
- Created on 10 February 2016
Fiskars has announced that its net sales increased by 63 per cent year-on-year to 332.8 million euros in the fourth quarter and by 44 per cent to 1,105 million euros in all of last year.
Kari Kauniskangas, the chief executive officer of the traditional consumer brands company, emphasises in a press release that he is proud of the performance although most of the increase in net sales was derived from new businesses.
Iran is a county country of beautiful mountains and deserts situated in southwest of Asia. Eastern Iran is dominated by a high plateau, with large salt flats and vast sand deserts. The plateau is surrounded by even higher mountains, including the Zagros to the west and the Elburz to the north. Irans neighbors are Turkmenistan, Azerbaijan and Armenia to the north, Afghanistan and Pakistan to the east, and Turkey and Iraq to the west. The capital Tehran is the country’s largest city and the political, cultural, commercial and industrial center of the nation. Iran holds an important position in international energy security and world economy as a result of its large reserves of petroleum and natural gas.
Foreign Minister Mohammad Javad Zarif and EU Foreign Policy Chief Federica Mogherini read a joint statement on implementation of the Joint Comprehensive Plan of Action (JCPOA) and removal of sanctions imposed against Iran.
The joint statement was read out in Vienna.
The joint statement will pave the way for removal of all sanctions.
Following is the full text of joint statement read by Zarif and Mogherini:
Today, we have reached Implementation Day of the Joint Comprehensive Plan of Action (JCPOA). Ever since Adoption Day, we worked hard and showed mutual commitment and collective will to finally bring the JCPOA to implementation. Today, six months after finalisation of the historic agreement, the International Atomic Energy Agency (IAEA) has verified that Iran has implemented its nuclear related commitments under the JCPOA.
Many Finns, including Members of the Parliament, have expressed their bewilderment with the fact that the taxes imposed on daily unemployment allowances are higher than those imposed on annual earnings not exceeding 38,000 euros, reveals Elina Pylkkänen, a financial counsellor at the Ministry of Finance.
The unemployed, for example, pay 21 per cent in taxes on an annual income of 12,000 euros, whereas the employed only pay 8.5 per cent on equivalent earnings, presuming that they are taxed according to the average municipal tax rate.
- Category: Business
- Created on 09 February 2016
The value of exports from Finland to Russia continued to plummet in 2015, suggest preliminary statistics published by the Finnish Customs on Monday.
The Finnish Customs reported that the value of exports to Russia fell sharply across all categories of export goods, by a total of 34 per cent year-on-year between January and November of 2015. The fall was not quite as severe as the 47 per cent decline in the value of exports to Russia witnessed in 2009 but notably sharper than the 13 per cent decline witnessed in 2014.
The assets of asylum seekers will determine the amount of reception allowance they are entitled to in Finland, states the Finnish Immigration Service (Migri).
Finnish immigration authorities will not seize the personal assets of asylum seekers, unlike their counterparts in Denmark, but the decision on the reception allowance will be taken based on information about the assets.
Some of the five per cent productivity leap sought by the Government of Juha Sipilä (Centre) has already been achieved, estimates Olli Koski, the chief economist at the Central Organisation of Finnish Trade Unions (SAK).
His estimate is based on a report released by the Information Committee on Cost and Income Developments.
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