A massive dredging project is under-way on the bottom of the Gulf of Finland in Russia.
The amount of dredging required for the Port of Bronka, a deepwater port under construction south of Kronstadt, is so high that the cloudiness of the water is discernible from space, with recent satellite pictures showing that the cloudy water has dispersed dozens of kilometres west on the Gulf of Finland.
A parliamentary discussion on the national budget for next year began yesterday amid considerable unrest.
Antti Lindtman, the chairperson of the Social Democratic Parliamentary Group, suggested the party is considering lodging an interpellation against the proposed cuts in rail traffic to compel Anne Berner (Centre), the Minister of Transport and Communications, to re-consider the cuts of 13.5 million euros.
Finland has fallen to its lowest place since the turn of the millennium in a global competitiveness ranking compiled by the World Economic Forum (WEF), having slipped four places to eight in the ranking.
The country was placed the 11th in 1999 but sat at the top of the ranking for three consecutive years after the turn of the millennium.
The Government announced on Monday that negotiations over measures to improve the competitiveness of Finland will continue and that it has, surprisingly, revised its proposal for binding legislative changes.
Prime Minister Juha Sipilä (Centre) revealed that the Government will scrap its plans to reduce overtime pay rate increases and Sunday work bonuses and to instead slash holiday bonuses by 30 per cent.
Finland was on Saturday recognised by The New York Times for the first time in a long while – at the same time as the world gathered in Manhattan, New York, to commemorate the 70th anniversary of the United Nations, no less.
The reports, unfortunately, covered last week's attacks on asylum seekers in Lahti and Kouvola, which the prestigious newspaper described as “perhaps the most vitriolic demonstration” in Europe.
- Category: Business
- Created on 25 September 2015
The gaming industry of Finland continued its rapid expansion in 2014, according to statistics compiled by Statistics Finland.
Last year, the turnover of the industry surged by nearly 400 million euros year-on-year, driving the growth of the information and communications sector as a whole. Otherwise, last year was a difficult year for businesses as their combined turnover fell by 9.8 billion euros in comparison to the previous year.
Employer and employee organisations are clambering to iron out a dispute between trade unions and the Government over measures to improve competitiveness.
The Central Organisation of Finnish Trade Unions (SAK) unveiled on Thursday its proposal for measures to boost the competitiveness of businesses. The proposal, however, was rejected as insufficient by a number of stakeholders, including Minister of Finance Alexander Stubb (NCP), employer organisations and the Confederation of Unions for Professional and Managerial Staff (Akava).
Prime Minister Juha Sipilä (Centre) has estimated that up to 50,000 asylum seekers could arrive in Finland in 2015.
His estimate is considerably higher than the maximum of 30,000 asylum seekers cited in previous estimates presented by the Government. “The numbers are growing constantly in Finland. We're already almost at 14,000,” Sipilä said after arriving in Brussels on Wednesday for an emergency summit with his fellow heads of state from Europe.
The spending cuts outlined by the Government will be felt at practically every level of education.
The Trade Union of Education in Finland (OAJ) has calculated that the Government is set to reduce spending on education and research by a total of three billion euros, if the impact of the proposed index freezes is also taken into consideration. The Government will, on the other hand, invest an additional 300 million euros in education as part of its spearhead projects.
- Category: Business
- Created on 23 September 2015
Terrafame, a state-owned special-purpose company, is seeking a new ruling from the Administrative Court of Vaasa on the drainage of waste water from the mine of Talvivaara in Sotkamo.
Information obtained by Helsingin Sanomat indicates that without the reversal Terrafame will not be able to take control of water management at the nickel mine and that the excess water consequently poses a risk to the nearby environment. The scenario would mark the end of the newly-established mining company.
Member states of the European Union approved by a qualified majority on Tuesday a proposal to re-settle 120,000 asylum seekers across the continent.
The decision was taken, unconventionally, by majority voting due to fierce opposition from Hungary, Slovakia, the Czech Republic and Romania. The decision effectively grants other member states the authority to impose sanctions against the countries in East-Central Europe unless they receive their share of the asylum seekers.
- Support for Finns Party continues to slide
- Hotspot: the new destination of refugee buses
- Liikanen criticises cost-saving measures
- “You're robbing from your children”
- Axe threat a shock to university staff
- Demonstration to disrupt transport services, close banks and shops
- Sipilä pleads with labour market representatives
- IMF voices its confidence in Finland's recovery
- Wahlroos: Finland would have to devalue by 30%
- Several people may be involved in jewellery shop robbery in Helsinki