The spending cuts laid out by the Government would bolster the economy considerably and reduce the debt ratio by the end of the electoral term, the Bank of Finland estimates. On the other hand, they would curb economic growth and exacerbate the unemployment problem by gnawing away at aggregate demand.
Overall, the impact of the cuts on economic growth will hinge on the ability of the Government to improve the cost competitiveness of businesses, the Bank of Finland gauges.
Cramped and expensive housing conditions are a disincentive to international experts to live in Greater Helsinki. Many have struggled to find a reasonably-priced rental flat, much less a large detached house, which they have become accustomed to in their country of origin.
“Experts think that as they come to the periphery of Europe housing would be cheap. They're surprised that prices are at the same level as in London,” says Elina Eskelä, a researcher at the Department of Geosciences and Geography of the University of Helsinki.
FROM JUNE 26 to June 28 the 18th edition of the Tuska Open Air Metal Festival will open its gates to the predominantly black clad crowds. The festival is held at Suvilahti, a former energy production area that is very easily reached from the city centre with metro, trams and busses. Two gasometers give the place a unique feel and create an iconic skyline.
The ideology peddled by the Islamic State of Iraq and Syria (Isis) cannot be defeated by bombs, only by Islamic theology, states a former mouthpiece for the terrorist group.
The roughly 20-year-old native-born Finn who uses the pseudonym Abdullah stepped into the media limelight last weekend by shedding light on his decision to stop disseminating propaganda for Isis in an interview with Newsweek.
Destia has filed a claim for 1.1 million euros in unpaid bills against a group of investors involved in the construction of a casino, shopping centre and hotel close to the Vaalimaa border-crossing point in Virolahti, Eastern Finland.
The infrastructure constructor claims that Vaalimaa Shopping Center (VSC), a company established by the Russian investors, has neglected to pay the final instalment required for the pre-construction phase.
The prices of grocery items have declined in all grocery shops included in a survey by Helsingin Sanomat since February.
The daily compared the prices of 30 popular grocery items in 9 grocery shops in Greater Helsinki in February and again last week, finding that the prices offered by Prisma, K-Supermarket and Stockmann Herkku have fallen particularly over the past four months.
Party secretary Riikka Slunga-Poutsalo (PS) has condemned the Dracula-related remarks made by Graham Watson, the chairperson of the Alliance of Liberals and Democrats for Europe (ALDE).
Watson stated at the party conference of the Swedish People's Party on Saturday that the appointment of Timo Soini (PS) as Minister for Foreign Affairs is like appointing Count Dracula as head of a blood bank.
A Finnish teenager using the pseudonym Abdullah has revealed in an interview with Newsweek that he has disseminated propaganda for the Islamic State of Iraq and Syria (Isis).
Abdullah reveals that he ran the second most popular English-language pro-Isis Twitter account, @Mujaahid4Life, and describes himself as a former diplomat for the notorious terror group. He has since turned his back on Islamic extremism.
- Category: Business
- Created on 05 June 2015
Valio has wrapped up negotiations with its staff and announced that it will lay off a total of 182 employees.
In addition, the dairy giant will shed 74 positions through non-renewals of fixed-term contracts, 45 positions through voluntary pension arrangements and 38 positions through other arrangements. Overall, it will shed 326.5 full-time equivalent positions.
Job-seekers arriving in Finland from outside the European Union will continue to face a morass of permit procedures even if they have been offered a vacancy by a local employer.
This is because the Cabinet of Juha Sipilä (Centre) has decided to uphold the so-called labour availability consideration – contrary to the election promises of the Centre and the National Coalition.
The Government of Prime Minister Juha Sipilä (Centre) is set to slash appropriations for military crisis management operations.
The cutbacks laid out by the Government indicate that the number of troops participating in military peacekeeping operations is set to drop to no more than one hundred – approximately one-fifth of its current levels – at the beginning of 2017.
- Few suspected of aggravated embezzlement over missing computers
- Opposition furious over broken election promises
- Truck-loads of computers, screens, printers missing in Espoo
- Räsänen not to seek re-election
- MTV: Hautala criticises Soini for comments on Russia
- Venture capital flows into Finnish start-ups
- Proposed asylum seeker re-settlements would cost Finland roughly €10M
- President calls for deep trust
- Finland slips in global competitiveness ranking
- Kesko to open 30 new supermarkets, 100 new corner shops