- Category: Business
- Created on 19 February 2015
House prices will fall as sharply as used car prices, and the decline in the prices of single-family houses may continue for another twenty years, chief executive Jaakko Sinnemaa states in the annual review of Asuntosalkku Oy.
The enterprise group operates in the real estate market through Vuokraturva and Myyntiturva.
The Finnish Defence Forces and the Swedish Armed Forces have proposed that Finland and Sweden expand the scope of their military co-operation to include crises and conflicts.
The proposal would lay the groundwork for a possible defence pact or military alliance if the necessary political will is forthcoming, Carl Haglund (SFP), the Minister of Defence, estimated in an interview with Helsingin Sanomat on Tuesday.
The District Court of Helsinki has detained a sergeant from the Helsinki Police Department on suspicion of aggravated acceptance of bribes and aggravated abuse of public office. The suspect also served as deputy director of the Bear Squad, the special operations and counter-terrorism unit of the Police of Finland.
In addition, the court detained an executive of a Finnish company that has sold equipment, such as ropes and bulletproof vests, to the Bear Squad on suspicion of aggravated giving of bribes.
The Finnish Customs has revealed that the air cargo consignment of 2,500 smartphones it intercepted in early December was en route from Hong Kong to the European Union and was worth over 1.3 million euros.
The seizure was brought to the attention of smartphone manufacturers, which confirmed the counterfeit nature of the gadgets. The smartphones have since been disposed of at a waste management facility under the supervision of customs officials.
Finns have never quite bought into reports that Finland is a model country in education, let alone in science. And they no longer have to, as the country has or is about to slip from the top of international rankings closer to the middle of the pack, more fittingly to the national character.
On the other hand, Finland remains a prisoner of both its past successes in PISA assessments and those of Nokia in mobile technology, as is evident from its apparent willingness to slash education funding by billions and cut back on research funding.
- Category: Business
- Created on 16 February 2015
News that Stockmann is set to shut down its department store in Oulu was greeted with dismay by shoppers at the department store on Friday. “I'm very annoyed because this is such a good store,” said Jonna Tauriainen, 19, while browsing for clothes in the women's section.
After slipping into the red last year, Stockmann on Friday revealed that it is planning on shutting down three loss-making department stores in Russia, in addition to the one in Oulu.
- Category: Business
- Created on 13 February 2015
Tiina Alahuhta-Kasko will take over the reins at Marimekko, the iconic design firm announced on Thursday. The 33-year-old Alahuhta-Kasko holds a master's degree in economics and has been employed with Marimekko since 2005, most recently as chief operating officer.
The board of directors of Marimekko resolved to appoint Alahuhta-Kasko as president on Wednesday.
The establishment of a metropolitan authority in Greater Helsinki appears unlikely after the National Coalition stated on Thursday that the project is no longer worth pursuing. The metropolitan authority was to include 14 municipalities from the capital region and also possibly Lohja and Porvoo.
The metropolitan authority, the National Coalition argued, would only create administrative overlap and redundancy. A number of municipalities have similarly expressed their doubts about the proposal.
Social workers considered recommending that the eight-year-old girl who was killed by her father and stepmother in Helsinki in May 2012 be taken immediately into custody and that a criminal complaint be filed with the police only a few days before her death.
A school counsellor had alarmed the officials by informing them that the girl was constantly late for school, that her textbooks had been torn and that she had bruising on her stomach.
A man who is believed to be the busiest online fraudster in Finland appeared before the District Court of Helsinki on Wednesday to deny the charges brought against him over a widespread phishing scam.
The 24-year-old man and his accomplice are suspected of masterminding a fraudulent scheme in which phishing e-mails were spammed from accounts that appeared to belong to the Finnish Customs, Posti and collection agencies.
A major overhaul is set to begin at Helsinki Airport as two complementary wings will be built to accommodate roughly a dozen new departure gates for long-haul aircraft. “As Finnair, among others, will increase its operations to Asia, we must provide them with new jet bridges,” explains Ville Haapasaari, the director at Helsinki Airport.
The majority state-owned airline announced in December that it is scheduled to add eight new Airbus aircraft to its fleet in 2018.
- Insurance prices up by a third in five years
- Tax-free Portugal attracts Finnish pensioners
- Finland set to launch witness protection
- Finland to mull over participation in Estonian military exercise today
- Arguments for cancelling home care allowance and day care reforms are groundless
- Stubb rejects proposal to arm Ukraine
- Future up in the air for Customs' director general
- Data centres to create thousands of jobs
- Discount retailers swim against the tide
- Major ecstasy ring busted in Helsinki