The Bank of Finland has expressed its concerns about increasing household indebtedness.
“Household indebtedness has more than doubled in relation to disposable income over the past twenty years. Experiences from around the world indicate that households scale back consumption considerably during economic crises, exacerbating the crises further,” it states in its regular bulletin.
Jens Stoltenberg, the secretary general of Nato, called attention to the importance of Finland and Sweden for the security of the Baltic Sea Region as Finland, Sweden and the European Union participated in a Nato Foreign Ministers' Session in Brussels on Friday.
“Today we will be also joined by Sweden and Finland, members of the EU and two of Nato's closest partners,” he said in his doorstep statement.
Nobel Peace Laureate Martti Ahtisaari has expressed his concerns about the role of social media in the distortion of history.
Ahtisaari reminded in his address in a conference organised by Historians without Borders that the abuse or deliberate misinterpretation of history is not exclusively a feature of the past but continues today especially on social media platforms.
Members of the National Coalition Party are over the moon about an agreement reached by the ruling parties on the reform of the Alcohol Act on Thursday.
“A European alcohol reform is finally here. Less patronising, more sense,” a spokesperson for the party declares on Facebook.
The European Commission has refrained from putting Finland into the so-called excessive deficit procedure regardless of the fact that the country has failed to maintain its debt-to-GDP ratio within acceptable limits and to reverse its debt trajectory.
“The government debt-to-GDP ratio is expected to peak at 67.4 per cent in 2019 and to decline to 67.2 per cent in 2020,” the European Commission predicts in its opinion on the stability programme of Finland.
- Category: Business
- Created on 20 May 2016
Nokia may no longer possess the appeal needed to succeed in the heavily-contested smartphone market, several market research analysts have estimated.
The network equipment manufacturer announced earlier this week that it has signed a strategic agreement to grant HMD Global, a private venture headquartered in Helsinki, exclusive global rights to develop a new generation of smartphones and tablet computers under its brand name for the next ten years.
The security environment of Finland has changed permanently, concludes the first internal security report of the Ministry of the Interior.
“The threat of terrorism has grown also in Finland. The threat has grown due to the arrival and return of people who have participated in fighting in conflict zones and due to an increase in the number of people who are interested in extremist groups and the recruitment of such people to radical activism,” a ministry spokesperson states in a press release.
The potential withdrawal of the United Kingdom from the European Union would herald uncertain times for Finland, warn several experts.
“The Brexit, if it occurs, would create new political unrest within the EU that would benefit a variety of extremist organisations and particularly Russia, which believes a discordant Europe to be in its best interests,” Samu Lang, the head of investments at Taaleri, states in an economic review.
- Category: Business
- Created on 19 May 2016
Nokia has unveiled a plan that will mark the return of its illustrious brand name to the global market for mobile phones and tablet computers.
The network equipment manufacturer announced yesterday that it has signed a strategic agreement granting HMD Global, a private venture registered in Helsinki, an exclusive global right to create a new generation of Nokia-branded mobile phones and tablet computers for the next ten years.
The Finnish economy will grow slightly faster than expected this year, but the outlook for next year is undermined by several uncertainties, economists at OP Financial Group state in their latest economic review.
The economists expect the national economy to expand by 1.1 per cent in 2016, instead of the previously forecast 0.8 per cent.
The newly-updated assessments of the security situations in Afghanistan, Iraq and Somalia have raised serious concerns among members of the opposition.
“The Government waved its magic wand and brought peace to at least three countries. Finland has determined that it is principally safe in all areas of Afghanistan, Iraq and Somalia,” Olli-Poika Parviainen (Greens) writes on his blog.
- Migri: It is safe for asylum seekers to return to Afghanistan, Iraq and Somalia
- More Chinese than Russians travelled through Helsinki Airport in 2015
- Longer opening hours appeal especially to young urban residents
- Angry Birds Movie hits the ground running
- Stubb: “We can't be lulled into a false sense of security”
- Finland's GDP growth exceeds expectations in Q1
- “Together, the Nordics are a superpower,” Niinistö says at White House
- Partnering with the Chinese pays off
- Finnair improves performance for sixth consecutive quarter
- Centre ready to re-consider its stance on strong beers