Banks operating in Finland have passed the exhaustive stress tests carried out by the European Central Bank (ECB).
The thorough assessment of the European banking sector indicates that the capital adequacy ratio of OP-Pohjola would decrease to 12 per cent in the most in the adverse scenario envisioned by the ECB, the most out of banks operating in Finland. A balance sheet assessment conducted by the ECB found that the capital adequacy ratio of OP-Pohjola was 16.4 per cent at the end of last year.
The Financial Supervisory Authority (Fiva) believes Eläke-Tapiola, the predecessor of the mutual pension insurance firm Elo, may have misused its pension assets.
According to information obtained by Helsingin Sanomat, Fiva suspects that Eläke-Tapiola has transferred millions of euros in pension assets through service contracts to the mutual insurance firm Lähi-Tapiola.
Sanni Grahn-Laasonen (NCP) has emphasised that she remains committed to wetland protection regardless of her decision to put the brakes on a long-anticipated wetland protection programme.
The newly-appointed Minister of the Environment on Friday responded to the criticism levelled at her by assuring that the protection programme will be supplemented after she has looked into the possibility of proceeding on a voluntary basis.
Four people lost their lives as an estate car crashed head-on into a coach in Rautavaara, Northern Savonia, on Sunday evening. The woman driving the estate car is according to police suspected of crashing deliberately into the coach, which was carrying the father of her two youngest children, STT reports.
The coach was en route from Nurmes to Kuopio as the deadly collision took place.
Opposition leaders Timo Soini (PS) and Juha Sipilä (Centre) have questioned the commitment of the National Coalition to the reform of social welfare and health care services.
Soini underscored to Helsingin Sanomat on Friday that it is of utmost importance that a decision on the reform is taken before the looming parliamentary elections. Sipilä, in turn, demanded an explanation from Prime Minister Alexander Stubb (NCP) over what he described was an incomprehensible departure from an earlier agreement by the National Coalition.
A roughly 30-year-old man has been arrested for stabbing to death a male student at a Sami upper secondary school in Utsjoki, Lapland, on Friday.
The police have confirmed that both the suspect and victim have lived in the dormitory of the school. The suspect, however, has been evicted from the dormitory for creating disturbance, reveals Jan Fordell, a detective inspector at the Lapland Police Department.
- Category: Business
- Created on 24 October 2014
A Chinese journalist phrases his question politely: “Here in China, poppy is considered not only beautiful but also dangerous. Why did you decide to paint poppies on your airplane?”
Spokespersons from Marimekko and Finnair have just talked about their co-operation to a group of over 30 Chinese journalists in the conference room of a hotel in Beijing. The journalists were told that Finnair will decorate one of its aircraft with the iconic Unikko print by Marimekko.
The fate of equal marriage rights in Finland is likely to be decided some time next month as Members of the Parliament convene to vote on two opposing initiatives: a memorandum drafted by the Legal Affairs Committee and a counter-proposal drafted by proponents of equal marriage rights.
Laura Räty (NCP), the Minister of Social Affairs and Health, has demanded that the proposal for a reform of social welfare and health care services be amended particularly with respect to the areas responsible for organising the services.
“The areas entered into the proposal are an administrative web that only creates more red tape. We want to clarify [the proposal] in that regard,” she explains.
- Category: Business
- Created on 24 October 2014
Nokia has estimated that its operating profitability will improve more than anticipated this year.
The network equipment manufacturer reported on Thursday that the net sales of all three of its businesses increased between July and September, boosting its operating profits – excluding non-recurring items – by 33 per cent year-on-year to 457 million euros.
Finnish industries have voiced their concerns over the possibly substantial costs arising from the climate goals for 2030 to be hammered out this week by the European Union.
New costs will also arise for both households and the national budget as the objective is to reduce greenhouse gas emissions in sectors outside the emissions trading scheme – such as transport, agriculture and housing – notably over the next 15 years.
- Sipilä would lower tax on digital subscriptions
- Rising food prices hit K-stores
- Government to cut back on institutional elderly care
- Finland to tear down obstacles to military aid
- Centre races past National Coalition
- Olkiluoto 3 delays will cost over €2bn, TVO estimates
- Recession affecting working conditions in the restaurant sector
- Vantaa's budget draft sparks concerns
- Children's clothing stores have fallen on hard times
- Kone posts yet another solid result