Finland has edged closer to acquiring missiles from Lockheed Martin, an American defence technology company, for up to 150 million US dollars after the US State Department approved its request for the acquisition. A final decision on the sale will be taken by the US Congress.
“The matter is still under consideration in the United States. The process seems initially positive,” comments Jouko Tuloisela, a ministerial counsellor at the Ministry of Defence.
A craft beer revolution is a-brewin' in Finland – at least based on the rate at which microbreweries are popping up.
The number of breweries in the country has doubled in no more than six years – from 25 in 2008 to 49 in 2014. The vast majority of the breweries, a total of 46, are microbreweries, indicate statistics released by the National Supervisory Authority for Welfare and Health (Valvira).
- Category: Business
- Created on 11 November 2015
The significance of start-ups for the national economy may remain limited, but without them the economy would be in an even worse state.
Start-ups bring foreign investments – and gradually jobs – to Finland while encouraging larger companies to modernise their functions and products by developing new ideas. They are the centre of attention this week as Slush, the self-proclaimed most important event for start-ups in Europe, brings 1,700 start-ups and 700 investors to Helsinki.
Public health care and social welfare services will undergo a historic transformation four years from now if the reform outlined by the Government last weekend comes to fruition.
A new intermediate administration consisting of decision-makers selected by a direct vote will be created in Finland to govern a total of 18 autonomous regions to be established based on the current provincial division. The first provincial elections are set to be held in 2017 or 2018.
Would the Silk Roads come back change the way we trade and end the way commerce is used as an instrument of power projection?
There is no doubt that the United States is losing its status and influence as the world’s economic leader, and this is only good for the rest of the world.
Incandescent light bulbs are being changed to LED bulbs, homes are kept warm with heat pumps and geothermal energy, biofuels are used increasingly, buildings are less energy-intensive, and solar and wind power are gaining momentum across the world.
The means to combat climate change are varied.
Yet, the majority of the energy consumed worldwide is derived from fossil fuels – oil, coal and natural gas – and international climate negotiations have slowed to a crawl.
The European Commission has pledged to contribute 2.6 million euros towards the efforts of Finland to find new jobs for the roughly 1,200 people who have recently been laid off in the software industry.
The funds will be disbursed by the European Globalisation Adjustment Fund following an application by Finland.
An agreement on the reform of health and social welfare services was found in the wee hours of Saturday.
The issue turned into a coalition crisis after Prime Minister Juha Sipilä (Centre) stated that unless his Government can find an agreement he will tender his resignation to the President of the Republic.
Investigation into an incident in which a man brandished a firearm outside a reception centre in Pitäjänmäki, Helsinki, on Thursday has moved forward.
The under 30-year-old man is suspected of preparing an aggravated offence against the health and life of others as well as aggravated firearm offence for brandishing a handgun after driving up to the reception centre on Kutomotie, investigators revealed on Friday. The man did not discharge the handgun or cause any injuries.
The Finnish Post and Logistics Union (PAU) will stage a two-day work stoppage on 19–20 November in an attempt to add a sense of urgency to the ongoing negotiations over the terms and conditions of employment.
The work stoppage will, for example, disrupt mail deliveries in Helsinki and early-morning newspaper deliveries in Greater Helsinki and Uusimaa as well as disrupt the operations of the postal centre in Helsinki and the logistics centres in Lieto and Vantaa.
More than 4,000 employees will participate in the industrial action, according to PAU.
- Category: Business
- Created on 05 November 2015
The net sales and operating profits of Marimekko fell notably in the third quarter of the year.
The iconic design company reported on Thursday that its net sales slipped by 8 per cent year-on-year to 25 million euros and that its operating profits fell from nearly 5 million to 1.2 million euros between July and September.
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- FROM GREY TO GREEN BUILDING
- Police yet to verify alleged suicide bombing