The ranks of the unemployed have grown to a 15-year high, according to the most recent Labour Force Survey by Statistics Finland.
The statistical institution reported earlier today that an average of 252,000 people were unemployed in Finland in 2015, representing an increase of 20,000 from the previous year. The unemployment rate, as a result, crept up by 0.7 percentage points year-on-year to 9.4 per cent.
One-half of parents in Finland are concerned that their use of social media is occasionally excessive, finds a survey commissioned by If P&C Insurance.
The casualty and property insurer reports that parents with under school-aged children are particularly concerned about the amount of time they spend on social media. More than ten per cent of them estimated that their use of social media is often excessive, while the corresponding percentage for the entire population is roughly six per cent.
Metso has been dragged into the controversy surrounding the so-called Panama Papers.
Investigative journalists at YLE reported yesterday that a regional sales manager at the provider of technology for the process industries has re-sold valves delivered to their end-users by Metso for personal profit through one of his five companies registered in Panama.
The leaders of several religious communities have expressed their concerns about the hardening of attitudes in Finland and the deterioration of the principle of equal treatment in Europe.
“Our concerns arise from a change in attitudes towards refugees and asylum seekers as well as acts that promote disparity and violate human rights all over Europe,” the leaders state in an unusual guest contribution published by Helsingin Sanomat.
Björn Wahlroos, the board chairman at Nordea, Sampo and UPM, has delivered an incisive assessment of the economic conditions in Finland in an interview with Hufvudstadsbladet.
“The country is practically a lost cause. The fact that industrial investments haven't surpassed depreciations for seven years means the industrialisation of Finland may have reached the end of the road,” he stated to the Swedish-language daily on Thursday.
A decline in educational achievements could have significant repercussions for the economy of Finland, warns the Confederation of Unions for Professional and Managerial Staff (Akava).
Akava points out in a press release that the average score of Finns in PISA tests in mathematics and natural sciences dropped by 23.5 points in 2006–2012, according to a study carried out by the Organisation for Economic Co-operation and Development (OECD).
Nordea does not tolerate being used to evade taxes, Casper von Koskull, the chief executive of the provider of financial services, emphasised while commenting on a trove of data on offshore accounts – the so-called Panama Papers – in a press conference on Thursday.
“We treat these accusations very seriously,” he assured.
The lay-offs announced by Nokia on Wednesday should be also seen as an opportunity, says Jari-Pekka Teurajärvi (PS), a former shop steward at the manufacturing plant of Nokia and Microsoft in Oulu.
Teurajärvi points out on his blog on Puheenvuoro that previous lay-offs introduced by the technology giants in Oulu have contributed to the diversity and well-being of the local information and communications sector, and shown that there is demand for skilled software developers.
- Category: Business
- Created on 07 April 2016
The cities in the Helsinki Region have worked actively for several years to make their data open and accessible to everyone. Open data increases people’s knowledge and understanding and improves their possibilities for active participation in society. At the same time, the expectation is that open data creates possibilities for both startups and established companies to innovate and create new business.
While the idea that open data enables new business is generally well accepted, we still have quite limited understanding of how that works in practice. Therefore, Helsinki Business Hub and Forum Virium Helsinki recently carried out a study on how Finnish companies have been able to use open data for business purposes.
The study covered about 100 companies that were known to utilise open data in their activities. The results were very encouraging: nearly half of the reviewed companies were leveraging open data in products or services that had business potential and could be sold on the market.
- Category: Business
- Created on 07 April 2016
Rovio has recorded its first loss-making year since the launch of its massively popular mobile game, Angry Birds.
The entertainment company announced yesterday that last year its operating result plunged 13 million euro into the red regardless of the fact that its games business grew for the sixth year in succession and made up 80 per cent of its annual net sales of 142 million euros.
Alexander Stubb (NCP), the Minister of Finance, has called for patience in the wake of the so-called Panama Papers data leak.
“One should keep a cool head. The situation must be analysed carefully and calmly, while respecting the principles of the rule of law. Only then must one make determined decisions on further measures to combat tax evasion,” he writes on his personal blog.
- Nokia to shed 1,300 jobs in Finland
- Outokumpu to cut up to 600 jobs
- Government details new spending cuts, transport infrastructure investments
- Niinistö: EU-Turkey migrant deal is at least an attempt to solve the crisis
- Nordea comes under criticism for alleged ties to tax havens
- Thelin steps down as Stockmann CEO
- HUS has contacted all 19 patients possibly exposed to infectious diseases
- Finnish nature photographs on display in the tehran metro
- Labour market rules need a quick fix, says researcher
- Professor: Finland's reluctance to resort to fiscal stimulus is incomprehensible