The measures unveiled by the Government on Tuesday to boost the competitiveness of Finnish industries are arguably bold, but whether or not they prove effective remains to be seen.
“The first step is to adjust the fiscal policy by cutting the social security contributions of employers, which will bring a cost of 847 million euros to the Government. Public spending will then be reduced by 1.4 billion euros,” says Roope Uusitalo, a professor of economics at the University of Jyväskylä.
- Category: Business
- Created on 10 September 2015
The food import embargo enforced by Russia has wiped Finnish grocery items from the shelves of supermarkets, but in downtown St. Petersburg the vacuum has been filled by Hesburger. The Finnish fast food chain has opened a total of nine new restaurants in the former imperial capital since April.
“I know Hesburger, but I haven't connected it with Finland. Isn't it a European fast food place?” asks Tatiana Kora.
The Government of Prime Minister Juha Sipilä (Centre) adopted on Tuesday exceptionally harsh measures to reduce the costs of employers and, thus, to boost the competitiveness of Finland.
Sipilä announced, for example, that annual holidays will be shortened from 38 to 30 working days. The decision will especially affect the public sector where employees can earn annual holidays of up to 38 days, or 7 weeks and 3 days, after a career of 15 years. Such employees will in the future have to settle for holidays one week and three days shorter than today.
The Ministry of Finance is poised to downgrade its economic growth forecast for Finland.
Information obtained by Helsingin Sanomat indicates that the Ministry of Finance estimates in its newly-finalised, yet-to-be-published economic forecast that the national economy will contract by 0.2 per cent in 2015. The ministry predicted as recently as in June that the national economy would expand by 0.3 per cent this year.
Christian-based aid organisations have voiced their bemusement with the comments of Timo Soini (PS), the Minister for Foreign Affairs, on refugee policy.
Soini in his blog and in an interview with STT urged Finland to take Christians and Yazidis into consideration in selecting refugees from Syria. When asked by STT whether Christians and Yazidis should be granted preferential treatment under the refugee policy, he said: “We'll figure that out in time.”
The District Court of Pirkanmaa detained on Friday a man born in 1957 on suspicion of attempted manslaughter for stabbing a teenage girl in a corner shop in Nokia last Wednesday.
The man has confessed to stabbing the victim, a girl born in 2000, in Siwa Kankaantaka after becoming annoyed by her mobile phone use while packing his groceries. He inflicted serious injuries on the girl by stabbing her in the upper body with a knife.
The announcement by Prime Minister Juha Sipilä (Centre) to offer his private home in Kempele, Northern Ostrobothnia, to asylum seekers has surprised and shocked some of his neighbours.
Sipilä revealed his intentions on YLE Ykkösaamu on Saturday and confirmed them to Helsingin Sanomat while attending an entrepreneur event at Narinkkatori Square in Helsinki. The asylum seekers could move in early next year, according to him.
Reception centres are scrambling to come up with extra space after more asylum seekers arrived in Finland over the past fortnight than ever before.
The situation has escalated so rapidly that three new reception centres would have to be opened every week to accommodate all of the arrivals, estimates Visa Knape, a senior adviser at the Finnish Immigration Service (Migri).
The National Coalition Party has solidified its position as the second largest political party in Finland over the course of the summer, finds a recent poll by YLE.
Support for the National Coalition crept up by 0.7 percentage points between July and August, whereas that for the Finns Party fell by 0.6 percentage points and that for the Centre Party by 0.1 percentage points – to 15 and 23 per cent respectively – according to the poll.
Handelsbanken has downgraded its economic outlook for Finland.
The provider of financial services predicts that the gross domestic product of Finland will decrease by 0.2 per cent this year instead of growing by 0.5 per cent as it predicted in May. This year would consequently mark the fifth consecutive year of economic decline for Finland.
A man born in 1957 stabbed a teenage girl in the upper body at the cash register of a grocery shop in Kankaantaka, Nokia, at approximately half past three on Wednesday.
Information obtained by Helsingin Sanomat suggests the stabbing took place in Siwa Kankaantaka. The victim, a girl born in 2000, was in the corner shop with her friend as a local man packing his groceries next to them noticed that she was using a mobile phone and stabbed her almost immediately.
- Government to invest in bio-economy and education
- New central library is now under construction
- Sanoma to close its printing plant in Forssa
- Exports of major industries picked up in June
- VR forced to cut prices
- Espoo may be liable for millions for missing computers
- North Korean scientist never defected to Finland
- Rovio to lay off one-third of its staff
- Kaukonen: Sanoma to do its utmost not to damage content quality
- Racism may be to blame for poor school achievement of second-generation immigrants