The budget proposal of the Ministry of Finance is based on unrealistic growth expectations, argues Juha Sipilä, the chairperson of the Centre.
“Last year, growth forecast for this year was 1.2 per cent, but in June the growth rate was 0.2 percentage points. The great danger is that growth will be negative also this year,” he said in Hyvinkää on Thursday.
General Gustav Hägglund, a former Commander of the Finnish Defence Forces, believes Finnish defence capabilities would be wound down if the country decided to join Nato.
Speaking during the launch event of his new book Rauhan utopia (en. The Utopia of Peace) on Thursday, Hägglund stated that it is of utmost importance for Finland to maintain a good rapport with the United States, the greatest power in the world.
- Category: Business
- Created on 22 August 2014
Consumption by Russian visitors in Finland will decrease by a minimum of 100 million euros this year, estimates the Finnish Hospitality Association (MaRa).
Overnight stays by Russian visitors fell by roughly ten per cent between January and June and are expected to decline further in the latter half of the year as economic uncertainty, slumping rouble and the crisis in Ukraine continue to gnaw away at the interest of Russian citizens in travel.
DNA and TeliaSonera will establish a joint networking venture called Suomen Yhteisverkko in an attempt to extend the coverage of their radio networks to sparsely populated areas in northern and eastern Finland, the communications service providers announced on Wednesday.
Jukka Leinonen, the CEO at DNA, promises that the venture will increase the number of base station in the areas and therefore improve reception and capacity.
FACEBOOK can send SMS messages on your phone, record your photos and track your location. The National Security Agency is reading your emails. Cyber criminals are trying to snatch your credit card details. In an era where we are rapidly losing all privacy online there is a demand by consumers to protect and control their personal information. As this demand grows, Finland has an opportunity to become the global leader in privacy and information security.
The ruling parties are set to butt heads over a proposal to allow a tax deduction to families with children when the Government convenes for its anticipated budget session next week.
Sources within the Social Democrats (SDP) reveal that the National Coalition (NCP) has proposed that families in all income brackets – instead of only low and middle-income families – be made eligible for the deduction. The SDP, however, is unsure about offering the incentive also to high-income households.
The sales of digital music have exceeded those of physical formats, such as CDs and records, for the first time in Finland as digital services accounted for 58 per cent of all music sales between January and June.
Last year, over 60 per cent of music revenues was derived from the sales CDs, DVDs and records.
Valio has expressed its delight with the decision of Russia to remove lactose-free dairy products from its list of banned foodstuffs, with Mika Koskinen, Valio's head of operations in Russia, revealing that the dairy company is ready to re-commence the exports without delay.
“All the products that have been available in [Russian] markets will be ready for export practically immediately. We have continued production and have the necessary packaging materials,” tells Koskinen.
One in three girls and nearly one in four boys in the ninth grade have experienced sexual harassment or violence, finds a child victim survey carried out by the Police University College of Finland.
The survey is part of Right to Choose, a project funded by the European Union and launched by the Ministry of the Interior yesterday, the objective of which is to enable young people to identify situations associated with sexual harassment and violence.
Residents in Helsinki are happier with their public transport services than people in Geneva, Copenhagen, Oslo, Stockholm and Vienna, reveals a new European Best survey.
Helsinki Region Transport (HSL) scored the highest points for the availability of services, reliability and value for money.
Increase to a 40-hour working week an attempt to provoke discussion.
THE CHAIRPERSON of the National Coalition (NCP) parliamentary group, Arto Satonen, has emphasised that the demand he put forward on Monday morning to increase standard weekly working hours from 37.5 to 40 was not a proposal per se but rather an attempt to provoke discussion.
- Finlayson sets its sights on Japan
- Katainen in line for a “filtering” role in European Commission
- New dual citizenship regulations a concern for Russians in Finland
- EU to compensate fruit and vegetable farmers hit by sanctions
- Finland one of few countries with a larger biocapacity than footprint
- Niinistö cautiously optimistic on peace in Ukraine
- Impact of temporary lay-offs on teaching will be minimised, municipal employers assure
- Poll: NCP by far the biggest party
- Nursery adaptation period too short for some children
- Finnish microbreweries flee to Estonia