The fate of the nuclear power plant project of Fennovoima was on the agenda as Olli Rehn (Centre), the Minister of Economic Affairs, visited Moscow on Thursday.
Rehn revealed that he and Arkady Dvorkovich, the Deputy Prime Minister of Russia, discussed the ongoing negotiations between Fortum, Gazprom and Rosatom over a joint hydro-power venture that Fortum has set as a condition for its participation in Fennovoima. Russia is according to Rehn “very committed” to the nuclear power plant project.
The best gin and tonic in the world is made with Napue Gin, a product of the newly-founded Kyrö Distillery Company in Isokyrö, Finland.
This is the conclusion reached by the 250 experts from all over the world who sit on the judging panel for the International Wine and Spirit Competition (IWSC) after an exhaustive blind-tasting process.
Minister of Finance Alexander Stubb (NCP) has vigorously defended Finland's membership in the eurozone in an interview with The New York Times.
He believes the suggestions that Finland would be better off without the euro are “rubbish”. Stubb is according to the prestigious daily eager to communicate to the other side of the Atlantic Ocean that the single shared currency has benefited Finland in the long term.
- Category: Business
- Created on 22 July 2015
Audi, BMW and Daimler are close to acquiring the mapping and location unit of Nokia, HERE, two sources familiar with the negotiations told Reuters on Tuesday.
The news agency reports that the premium car manufacturers are prepared to cough up 2.5—3.0 billion euros for the mapping and location unit, which according to financial reports filed by Nokia has a book value of roughly 2 billion euros.
The employment situation has continued to deteriorate in Finland.
Statistics Finland revealed on Tuesday that the unemployment rate stood at 10.0 per cent in June, representing a year-on-year increase of 0.8 percentage points. The labour force survey carried out by the national statistics office also shows that the ranks of the jobless have grown by 22,000 to 280,000.
The almost half-a-billion euro designer outlet village project that is afoot in Kotka, Kotka Old Port, has inched forward.
The Kotka City Council unanimously approved the land use changes as well as the lease and other agreements required for the development project in early July, effectively guaranteeing that the project can proceed to the construction stage next autumn.
- Category: Business
- Created on 21 July 2015
Uponor announced on Tuesday that it will launch a streamlining programme in an attempt to adjust its operations to the sluggish demand in Europe, estimating that the cost-cutting measures will affect the jobs of roughly one hundred employees in its Building Solutions Europe segment.
The provider of plumbing, heating and cooling solutions began negotiations over the redundancies of 20 full-time and 20 part-time staff members in Sweden in June.
A total of 792 asylum seekers will be re-settled from Greece and Italy to Finland over the next two years.
The interior ministers of EU member states reached on Monday an agreement on the re-distribution of asylum seekers arriving in Europe across the Mediterranean within the European Union. The share of Finland is in line with a proposal tabled by the European Commission earlier this year.
The Centre Party has consolidated its position as the largest political party in Finland, according to a poll commissioned by Helsingin Sanomat. The poll shows that voter support for the party stands currently at 21.9 per cent.
Respondents to the poll were asked which party they voted for in the previous parliamentary elections and which party they would vote for if the elections were held today.
The fate of the nuclear power plant project pursued by Fennovoima rests yet again on Fortum after the Ministry of Employment and the Economy turned down an investment in the project by Migrit Solarna Energija.
The ministry ruled on Thursday that the investment would not allow Fennovoima to meet the condition set by the Parliament that a minimum of 60 per cent of the project costs be borne domestically – that is, by parties residing or domiciled in the European Union, the European Economic Area (EEA) or Switzerland.
Thursday was a tough day for the Finns Party.
The party, which has repeatedly voiced its doubts about financing beleaguered eurozone countries, had to concede that negotiations over a third bailout for Greece were imminent after the Grand Committee gave its approval for the negotiations.
- Senior statistician shoots down myth of 30,000 vacant houses
- Experts: House prices at risk of falling nationwide
- Haglund would turn down Fennovoima's permit application
- Government looks for new measures to support laid-off employees
- Helsinki to have little need for parking space in 2030
- Finns watch plenty of films and television shows online
- Police: Gang member shot business owner and himself in Laajasalo
- Microsoft's decision a bitter blow for Finland
- President Niinistö's approval rating at all-time high
- Laajasalo double homicide may be linked to organised crime